In one of the largest ironies of the coronavirus pandemic, thousands of health-care workers across the country have had their wages cut and hours slashed as profitable elective procedures are put on hold. But some executives don’t seem willing to share in the suffering.
Executives at Cigna, the health insurance giant, have signaled to investors that the coronavirus pandemic isn't hurting the company's business and might actually be a boon. But that hasn't stopped the trade group that represents Cigna and other health insurers in Washington from asking lawmakers for aid.
On March 27, as emergency rooms in New York and across the country began filling with coronavirus patients struggling to breathe, President Donald Trump posted on Twitter to urge Ford and General Motors to “START MAKING VENTILATORS, NOW!”
Lorraine Cannon has joined Olympic Medical Center as the organization’s new chief financial officer (CFO) on April 20. Cannon will serve as internal auditor and oversee all finance staff, including accounts payable and payroll, OMC officials said this week.
A federal coronavirus stimulus bill allocated $5.2 million for Midland Memorial Hospital, CEO Russell Meyers said Monday. But that grant won’t cover the hospital’s total revenue lost from canceling elective surgeries, which is in the ballpark of $9 million. The money allocated to MMH was a portion of $50 billion awarded to hospitals nationwide through the CARES Act. Each hospital’s grant was determined, in part, by its Medicare revenue.