The COVID-19 effects hospitals didn’t foresee: Financial distress
Dr. Bill O'Callahan, an emergency physician, rested his elbows on his desk, his head in his hands. Despite his whirlwind thoughts -- a recent COVID-19 patient with failing lungs, a 30% pay cut, the dangers he faced on a daily basis -- he still counted himself among the fortunate. He was healthy, and he still had a job -- for now. A staggering number of hospital employees have been laid off or furloughed -- sent home without pay, waiting to hear whether they can return to work. Now, a fresh look at what lies ahead for hospitals post-pandemic reveals some may [...]