The hospital will also cut millions of dollars in non-salary expenses, stop its support of Quincy Medical Center in June 2009, reduce capital spending and defer several significant projects.
The hospital was notified a few months ago that it would not receive $64 million for care delivered to low-income Medicaid patient during the last fiscal year, according to the Boston Globe. The hospital is facing a $30 million cut in Medicaid rates for fiscal year 2009 along with millions in reduced supplemental payments, according to the Boston Herald.
Read the Boston Herald report on the Boston Medical Center layoffs.
Read the Boston Globe report on the Boston Medical Center Medicaid reimbursement.
