Recovering Financially from COVID-19

The COVID-19 pandemic had a dramatic impact on the finances of Michigan Medicine and the entire University of Michigan. Leadership at Michigan Medicine has made tough decisions to create an economic recovery plan that includes non-essential expense reduction, a hiring freeze, a salary freeze, leadership salary reductions, furloughs and reductions in force, and a one-year suspension of Michigan Medicine's retirement match for employees. All capital projects that are not required for safety or regulatory compliance, including the new inpatient hospital, have been paused until further notice. Although we don't know how the pandemic will unfold, Michigan Medicine leadership promises that any future decisions about the economic recovery plan will be guided by Michigan Medicine's core missions of patient care, research, and education. 


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Featured News & Stories Aerial view of University of Michigan Health hospital in Ann Arbor, Michigan.
News Release
University of Michigan Health purchases land in Troy for new clinical facility
University of Michigan Health will purchase 7.28 acres of vacant land at the former Kmart headquarters location. U-M Health plans to build a multi-specialty facility on the property to expand specialty clinical services and increase patient access to the Oakland County region
Health Lab Podcast in brackets with a background with a dark blue translucent layers over cells
Health Lab Podcast
Managing Chronic Pain for Patients with Long COVID
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Minding Memory with a microphone and a shadow of a microphone on a blue background
Minding Memory
The Intersection of Artificial Intelligence & Alzheimer’s Disease and Related Dementias
In this episode, Matt and Donovan talk with Dr. Jason H. Moore, Director of the Center for Artificial Intelligence Research and Education (CAIRE) and Chair of the Department of Computational Biomedicine at Cedars-Sinai Medical Center. Jason discusses the coming impact of artificial intelligence on a spectrum of Alzheimer’s disease and related dementia (ADRD) issues. We discuss how tools such as AI-powered chatbots may improve quality of life for people living with dementia (and their caregivers) and how AI may contribute in the future to diagnosis and treatment.
Provider takes a pulse oximetry reading from a patient's finger
Health Lab
Inaccurate pulse oximeter readings could limit transplants, heart pumps for Black patients with heart failure
Racially biased readings of oxygen levels in the blood using pulse oximeters may further limit opportunities for Black patients with heart failure to receive potentially lifesaving treatments, such as heart pumps and transplants
Woman sleeping on a couch holds her stomach, as if in pain
Health Lab
Long COVID-19 is linked to chronic pain conditions
Therapies for pain conditions like fibromyalgia provide clues for helping those with long COVID-19
Surgeon's tray with gloved hand reaching into wallet
Health Lab
Worries about costs, time off work and COVID-19 kept some older adults from having surgery
Elective surgery study shows older adults have concerns about what it will cost them, how much work they’ll miss and whether they’ll catch COVID-19.