According to the news report, under the new law, the state collects 4.6 percent of all hospital income. The tax went into effect July 1.
Greenwich Hospital has enacted other sweeping changes to make up for the huge revenue loss. Those actions include discontinuing audiology services that is part of the hospital’s physician medicine and rehabilitation program. The hospital also intends to phase out and transfer prescriptions from its pharmacy and close its outpatient dental clinic, among other cost-cutting measures.
Read the report about Greenwich Hospital’s layoffs.
Related Articles on Hospital Layoffs:
Oregon’s St. Charles Health Announces Impending Layoffs in Face of $9M Budget Shortfall
Idaho’s Portneuf Medical Center to Lay Off 30 Employees
S.C.’s Bamberg County Hospital Lays Off One-Third of Employees as Three-County Consolidation Fails
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.
