New York hospitals on verge of bankruptcy/closure

https://www.syracuse.com/coronavirus/2020/04/closures-bankruptcies-possible-as-coronavirus-cripples-cny-hospitals-experts-warn.html

 

Closures, bankruptcies possible as coronavirus cripples CNY hospitals, experts warn

 

Syracuse, N.Y. — Financial fallout from the coronavirus pandemic could result in hospital bankruptcies and even closures in Central New York, experts warn.

The pandemic has left hospitals here awash with empty beds, idle nurses and mounting financial losses. It’s also hurting many other health providers.

The health industry, one of the region’s leading employers, has been crippled and no one knows if and when it will rebound.

The state ordered hospitals last month to clear out beds for a surge of coronavirus patients by cancelling non-emergency operations. The surge hasn’t happened yet. Hospitals here have admitted a relatively small number of coronavirus patients, unlike New York City hospitals which have been swamped with infected patients. Even though Onondaga County had nearly 50 hospitalized coronavirus patients last week, Syracuse’s three hospitals still had more than 300 empty beds.

St. Joseph’s Health in Syracuse is furloughing 500 employees. Oswego Health, which operates the 164-bed Oswego Hospital, is furloughing 25% of its staff. It’s been losing $180,000 a day. Cayuga Medical Center also plan to furlough workers. Crouse Hospital in Syracuse has temporarily sent home 154 employees without pay and is on track to lose $20 million by the end of June.

Hospitals in New York state are nonprofits. Before the pandemic they were operating on razor-thin profit margins or losing money. They rely heavily on profitable elective surgeries like knee and hip replacements to stay afloat. All that money-making business abruptly stopped last month.

“They are in serious trouble,” said Tom Dennison, a health care expert and Syracuse University professor emeritus. He says hospital closures and bankruptcies are a possibility.

“They have to pay their bills, they have to pay their staff and meet their pension obligations. We may well see Chapter 11s to absolve themselves from debt,” he said.

Dr. David Evelyn, a vice president of Cayuga Medical Center in Ithaca, said some hospitals will be forced to close unless the federal government comes up with enough money to bail them out. “It’s that dire,” he said.

Federal officials say $30 billion is on its way to hospitals, the first payment from a federal $100 billion health care provider relief fund. But some hospital industry groups say that is not enough, especially for hospitals with lots of Medicaid patients. It’s not known yet how much hospitals here will get.

The financial crisis at hospitals is bad for the Central New York economy because hospitals are among the region’s biggest employers. Upstate Medical University, St. Joe’s and Crouse are three of the five largest employers in Onondaga County. The three hospitals combined employ about 13,700 people. Hospitals throughout 13 Central New York counties have a combined payroll of $2.86 billion and employ 58,000, according to the Healthcare Association of New York State, a hospital trade group.

Before the pandemic, 13 of the 15 fastest growing jobs in Central New York were in health care, according to the state Labor Department.

The downturn is affecting more than hospitals.

The state ordered dentists to shut down their practices except for emergencies. Business has plummeted at primary care doctors’ practices that are conducting many visits over the phone or computer. Syracuse Orthopedic Specialists, a big private practice, has postponed all non-urgent operations at its outpatient one-day surgery center.

1 Like

Imagine that.

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.

 

This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

4 Likes

Capitalism. Free market.

if the hospitals are hurting that means the insurance companies are killing it. they are still collecting a ton of premiums but now they aren't having to cover services at the hospital since everything is on hold right now.

McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

2 Likes

McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

I didn’t mention NYC. Read the article before posting. 

1 Like

Isaac Fookin' Nootin - 
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.


This.


There is absolutely nothing misleading here. It states clearly in the OP Central NY.

1 Like

Isaac Fookin' Nootin -
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

how long have you existed on this planet and you still haven’t realized 95% of the time when people say New York they are talking about New York City?


 


When people talk about anywhere in NY that isn’t NYC they specify. Thread title was clearly trying to be misleading. The whole point of this thread was clearly “see it isn’t that bad!”


Sorry for pointing that out

McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

no. this is about all of new york state having to follow rules that suit the city. I have brought this up in other threads, and people think I am crazy to think there should be different rules for different counties.    

1 Like

McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

OP didn't mislead anyone. You just can't read. 

5 Likes

McBottery -
Isaac Fookin' Nootin -
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

how long have you existed on this planet and you still haven’t realized 95% of the time when people say New York they are talking about New York City?


 


When people talk about anywhere in NY that isn’t NYC they specify. Thread title was clearly trying to be misleading. The whole point of this thread was clearly “see it isn’t that bad!”


Sorry for pointing that out

You are too stubborn to admit you are wrong. 

2 Likes

McBottery - 
Isaac Fookin' Nootin -
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

how long have you existed on this planet and you still haven’t realized 95% of the time when people say New York they are talking about New York City?


 


When people talk about anywhere in NY that isn’t NYC they specify. Thread title was clearly trying to be misleading. The whole point of this thread was clearly “see it isn’t that bad!”


Sorry for pointing that out


You're wrong.


Signed,


A Native-born NYCer.

1 Like

Cotton - 
McBottery -
Isaac Fookin' Nootin -
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

how long have you existed on this planet and you still haven’t realized 95% of the time when people say New York they are talking about New York City?


 


When people talk about anywhere in NY that isn’t NYC they specify. Thread title was clearly trying to be misleading. The whole point of this thread was clearly “see it isn’t that bad!”


Sorry for pointing that out

You are too stubborn to admit you are wrong. 


Another local who knows lol.


When you go into NYC, you say, "The City".


When you go into NY, you say, "New York".

2 Likes

The article in the link is from a city in upstate NY too. lol

Yup. First word? SYRACUSE lol.

Altofsky -
Cotton - 
McBottery -
Isaac Fookin' Nootin -
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

how long have you existed on this planet and you still haven’t realized 95% of the time when people say New York they are talking about New York City?


 


When people talk about anywhere in NY that isn’t NYC they specify. Thread title was clearly trying to be misleading. The whole point of this thread was clearly “see it isn’t that bad!”


Sorry for pointing that out

You are too stubborn to admit you are wrong. 


Another local who knows lol.


When you go into NYC, you say, "The City".


When you go into NY, you say, "New York".

Yes, that's if you live in New York. I grew up in the state, I'm aware. Clearly you've never left your little bubble.


Believe it or not, the rest of the country doesn't call NYC "the city"


 


When I tell literally anyone not from New York that I'm from New York, they assume I'm from NYC unless I clarify. That's what the rest of the country thinks when someone says New York.


 


And no, Jack Carter does not get benefit of the doubt like another poster would. Same with orcus, ai, cami, etc, any of the shills.


 


The article is very clear with its intent. The thread title was made like that on purpose.

No drama here. They will definitely get a bail out. 

McBottery - 
Altofsky -
Cotton - 
McBottery -
Isaac Fookin' Nootin -
McBottery -

***Important note that OP is clearly trying to mislead about: They are talking about central (upstate) New York, a sparesely populated wasteland not much different from West Virginia.


 


This is NOT an article about NYC and nothing they are discussing is reflective of conditions in NYC.

No where in the title does it mention New York City.


Be better.

how long have you existed on this planet and you still haven’t realized 95% of the time when people say New York they are talking about New York City?


 


When people talk about anywhere in NY that isn’t NYC they specify. Thread title was clearly trying to be misleading. The whole point of this thread was clearly “see it isn’t that bad!”


Sorry for pointing that out

You are too stubborn to admit you are wrong. 


Another local who knows lol.


When you go into NYC, you say, "The City".


When you go into NY, you say, "New York".

Yes, that's if you live in New York. I grew up in the state, I'm aware. Clearly you've never left your little bubble.


Believe it or not, the rest of the country doesn't call NYC "the city"


 


When I tell literally anyone not from New York that I'm from New York, they assume I'm from NYC unless I clarify. That's what the rest of the country thinks when someone says New York.


 


And no, Jack Carter does not get benefit of the doubt like another poster would. Same with orcus, ai, cami, etc, any of the shills.


 


The article is very clear with its intent. The thread title was made like that on purpose.


Full of shit.


I lived in Texas for years. I told people I was from New York. Standard response: The city or the state?


The FIRST WORD in the post is Syracuse. There is nothing misleading here.


Stop being a mook.

3 Likes

Why I hate hospitals and the fact the charge outrageous money for things like Tylenol and bandages, I feel bad for the nurses doctors and other staff that are in danger of losing their jobs