The drop in funding is driven in part by decreased state funding as well as decreasing revenues and increasing expenses, said Ricardo Azziz, MD, chairman of the board that oversee MCGHeath.
Dr. Azziz said labor expenses will be examined, which could result in layoffs, but added, “We also understand our responsibility to the community to make sure that it is minimized to the extent possible,” according to the report.
Related Articles on MCGHealth:
Georgia’s University Hospital, MCGHealth Explore Collaboration
Georgia Health System Names Interim CEO
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.