Berkshires Health Sector Poised to Weather Pandemic
The county's largest employer expected to lose $60 million this year when the pandemic first hit. But government assistance sharply cut that daunting figure by half for Berkshire Health Systems.
David Phelps, the nonprofit's president and CEO, now says this year's losses will fall between $30 million and $35 million. That could spell disaster for a business, but Phelps said Berkshire Health is positioned to weather its losses.
Interviews with others in the important health care sector in the Berkshires also show optimism as the local economy begins to recover from the pandemic's economic challenges.
BHS did not lay off or furlough employees due to the pandemic, Phelps said, but the company could face more challenges the longer it lasts.
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