Wealthy hospitals have a cushion to weather coronavirus crisis that safety-net facilities don’t

Cancellations of nonessential surgeries come with the coronavirus patients


Inova Health System, located  in some of the wealthiest suburbs of Washington, D.C., and Truman Medical Centers, a safety-net hospital in downtown Kansas City, Missouri, are confronting the same financial issues, according to an article on the Kaiser Health News website.

But Truman has less than a month’s worth of cash reserves  while Inova has enough money to operate for at least 21 months.

“At the end of the day, not all hospitals are created equal,” Charlie Shields, Truman’s president and CEO, said in the article. “If you were sitting on a year of … cash on hand, that would not be as challenging, but most safety-net hospitals are south of 25 days, and we’re probably around 10. How do you manage through that?”

However,  Dr. J. Stephen Jones, Inova’s president and CEO, said, “Our finances are a mess at this point,” with the system postponing non-urgent treatments and eliminating 427 administration and management positions. “This is an existential threat to every health care organization, no matter how strong they come into it,” said Jones, who cut his own salary by 25%.

Read the article.



May 14, 2020


Topic Area: Maintenance and Operations


Recent Posts

Spaces That Support: Patient-Centered Design for Modern Reproductive Health

Modern facilities must integrate highly specialized laboratories with thoughtful, patient-centered spaces that prioritize privacy, comfort and emotional well-being.


Modernization of Buildings Require Collaboration Across All Disciplines

Retrofitting outdated facilities requires consulting all departments on how to best improve operations.


Children's Health Announces Plans for RedBird Specialty Center in Texas

The system expects to welcome its first patients in December 2027.


How Can Healthcare Facilities Use Efficiency to Drive Climate and Health Goals?

Keith Edgerton discusses how the Health Care Energy & Water Efficiency Checklist helps healthcare connect operational savings with their mission to protect people and the planet.


El Camino Health Rehabilitation Hospital Officially Tops Out

This new 64,000-square-foot, 52-bed inpatient facility in Sunnyvale, California, will enhance rehabilitation services in Santa Clara County.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.