The report said JHS hopes to find $170 million in salary and benefits savings from labor and plans to reduce the UM medical school budget by $52 million.
CFO Mark Knight estimates the health system will lose roughly $90 million this fiscal year, which ends Sept. 30. The hospital hopes to break even for the FY2012 without laying off any of its employees or cutting any services.
Related Articles on Hospital Cuts:
Automatic Cuts From Debt Committee’s Failure Put 194k Healthcare Jobs on the Line
Revenue at Washington’s Olympic Medical Center Down by 18%
Budget Cuts May Impede Public Reporting of Hospital Quality in New York
http://www.miamiherald.com/2011/09/07/2395252/jackson-health-system-budget-slashes.html
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