HGB has experienced lower patient volumes and declining reimbursements, which led to the decision to reduce its workforce.
“Based on last year’s financial performance and the challenges we will continue to face in this era of healthcare reform, we knew it was critical to carefully examine how we will do business going forward,” said Matt Rush, president and CEO of HGB, in a news release. “It became necessary to better align staffing with volumes.”
The layoffs, along with other cost-cutting measures, are expected to save the hospital $2 million by next March.
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