Rush hospital system make cuts amid COVID-19 financial struggles

As COVID_19 lock down extends beyond the April 15 timeline many people hoped that the Coronavirus out would disappear magically, many sound American institutions' cash flow is being stretched to the brink.

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The Rush University System for Health plans to not give raises this year and is asking executives to take pay cuts after suffering financial losses related to the COVID-19 pandemic.

Many Chicago-area hospitals have been making cuts in recent weeks after losing money because of canceled elective surgeries, fewer non-COVID-19 patients and the costs of handling the pandemic.

Rush had an operating loss of $43.1 million in March, according to a Rush memo obtained by the Tribune that was sent to employees this week. The system includes Rush University Medical Center, Rush Oak Park Hospital and Rush Copley Medical Center in Aurora.

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