I've been having a tough time today, I just got notice that our hospital is laying off a large group of people and furloughing others.
Nurses, doctors, we just don't have enough business during this COVID crisis, we've only ran at 60% capacity, while Cuomo is telling us about shortages, they weren't ever realized, and NYS simply won't open up fast enough for us to recover. NYS has given notice that hospitals are likely going to be out for 4-5 more months before all restrictions will be lifted, only necessary surgeries are allowed right now, with a few hundred of millions per month revenue shortfall, this is going to destroy and contract our business and our remote (rural) hospitals are the hardest hit, probably going to close permanently.
We've gotten maybe about 10% of 1 month lost revenue from the government. Medicaid won't reimburse for COVID-19 pointing at Medicare and the Feds, insurances have notified they won't cover for the Medicare shortfall like they've done in the past, private insurance used to cover 130% to make up for Medicaid/Medicare shortages, for COVID they will only cover 'real costs'.
So I'm having a meeting tomorrow about laying off and furloughing people, team mates, people reporting to me, entire divisions and wings will be closed. Whiskey, lemon juice and triple sec since ~3pm. Good luck if you're in NYS, your hospitals are about to fail. Not sure if this is the precursor to government takeover or if we're just going to let people die in the streets. We're the biggest in the area, if we fail, everyone else does as well.