Here are five things to know.
1. CAMC recorded a $30 million loss last year. This is less than the $40 million loss Mr. Ramsey anticipated when he announced in July plans to cut 300 jobs.
2. Mr. Ramsey attributed the $30 million loss partially to the West Virginia economy, as well as a decline in commercially insured patients and a rise in patients with government insurance such as Medicare and Medicaid.
3. CAMC cut 290 positions in 2017, primarily through attrition, to help improve its financial picture, Mr. Ramsey said, according to the report. The system last year also revealed plans to close programs, including the Lighthouse Childcare and Development Center, Cross Lanes pharmacy and the Dean Ornish and pulmonary rehab programs, and realign its fertility and dental centers with other departments.
4. Mr. Ramsey does not expect additional facility closures or layoffs in 2018, but said the system does not plan to add jobs in “support functions” such as warehouse, food services or admissions, according to the report.
5. Additionally, Mr. Ramsey said in the report, various employees “will need to work a little bit harder, a little bit smarter” moving forward.
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