Our recovery plan has two tracks:
First is the careful restoration of portions of our non-emergent visits/cases at the Medical Center so that we can take care of those patients who will suffer harm if deferred longer. This will generate some additional revenue. We are working on a proposal to the State DOH and Monroe County on how this could be done safely.
The second element of our plan is cost reduction. Even if we begin to recapture more of our normal revenues in the next couple of months, we can’t erase the financial gap that’s been created. Cost reduction activities taken to date include curtailing hiring and overtime, eliminating the annual Wage and Salary increase, delaying the planned wage compression adjustment, and cutting capital spending. After exhausting these and other alternatives for cost savings, it is now apparent that a temporary workforce reduction is necessary at URMC.