In the first five months of MaineGeneral’s fiscal year, operating income totaled $2.4 million, down from its projection of $4.75 million, according to the report. In order to move forward with the new 192-bed hospital, the health system plans to enact several cost-cutting measures.
Measures include reducing paid-time off for two pay periods for all MaineGeneral employees and three pay periods for senior management and executive leadership, which is expected to save $1.5 million.
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