Tower Health implemented the furloughs, which affect roughly 7 percent of the system’s 14,000-person workforce, after suspending elective procedures and shutting down many of its outpatient clinics. The seven-hospital system said it has lost as much as half its revenue, according to the report.
Tower Health received more than $23 million in grants made available under the Coronavirus Aid, Relief and Economic Security Act, but it’s still facing financial pressure.
“These funds, while helpful, do not come close to making up for the decline in revenue Tower Health has experienced in March and into April,” a spokesperson told The Philadelphia Inquirer.
Tower Health joins more than 150 other hospitals and health systems across the U.S. that have furloughed workers in recent months.
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COVID-19 financial damage forces West Virginia hospital to close
HCA records 44% drop in profit, pulls 2020 guidance
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