Please do not leave this page until complete. This can take a few moments.
Dr. Eric Dickson didn’t pull any punches during our interview on April 3 for WBJ’s podcast. The president and CEO of UMass Memorial Health Care said unless something is done to help fix the Central Massachusetts’ hospital system’s finances, the region’s only level 1 trauma center won’t be around for the next pandemic.
Specifically, Dickson was talking about the roughly $230 million UMass Memorial spends every year supporting UMass Medical School in Worcester and covering the shortfall in funding for Medicaid programs. The system brings in about $2.3 billion in revenues annually, so those expenses account for roughly 10% and are vital when Dickson is counting every penny to avoid running in the red, as UMass Memorial has for the last two fiscal years, including the $10-million deficit it ran in fiscal 2019, which would have been much worse if it hadn’t sold off its pharmacy management unit for $208 million.
One of the main lessons of the coronavirus crisis has been how vital UMass Memorial is to Central Massachusetts. Dickson has been a leading voice in efforts to get more supplies and available beds, and UMass Memorial will manage the emergency field hospital set up in the DCU Center in Worcester for the expected overflow of coronavirus patients. As the main hospital system for Central Massachusetts, UMass Memorial treats the region’s most vulnerable patients, who often have limited ability to pay for the care.
Dickson already has been calling for healthcare financing reform, but with the coronavirus pandemic sweeping through the region and nation, the volume of his voice is getting turned up. If UMass Memorial were to go under, Central Massachusetts residents would have to rely on the Boston hospital system for services like major traumas and certain premature babies. That is a long drive through a lot of traffic in a medical emergency.
As the coronavirus pandemic carries on, we are evaluating our values as a society. The importance of grocery store workers has become all the more apparent; the reliance on technology for working from home has drastically increased. In previous federal and state budget cycles, throwing more money at an already costly healthcare system seems to be one of many concerns. Now, as we need healthcare workers and facilities more than ever, we need to prioritize them as such.
- Brad Kane, editor
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments