In the weeks and months after COVID-19 began it’s spread acros the U.S., hospitals began furloughs and layoffs to help stem the losses from the subsequent loss of non-COVID business.
In Kentucky, a state that was certainly not immune from these economic factors, St. Elizabeth Healthcare — which saw volumes drop between 30% and 70% at its hospitals — was able to avoid job cuts of their peers. In fact, CEO Garren Colvin commited to employees that he had no intention of reducing hours or cutting staff pay.
Garren Colvin (St. Elizabeth)
While officials at greater Cinncinati health system attributed the ability to do that, in part, to a historically strong cash flow and healthy balance sheet heading into the crisis, there were other factors at play. That