The layoffs come after WCRMC struck a management contract with ER Hospitals, a Sandy, Utah-based healthcare management company that helps financially struggling facilities, the report states.
“Revenue has declined, honestly, for a number of years and you just have to right size any business,” said Jim Croome, chairman for the WCRMC Hospital Authority, according to WMAZ. “You have to have the right number of employees for the revenue that you have, and so it just came to the point that we had to make an adjustment.”
With the contract, Mr. Croome added the hospital is able to share hospital staff from other ERH-managed locations. He expects the hospital to eventually see annual savings between $2 million to $3 million as a result.
More articles on leadership and management:
The next hospital reform? Stop focusing on beds
Why you should be skeptical if a consultant pushes ‘best practices’
Oak Street Health CEO Mike Pykosz: Redesigning healthcare is ‘harder than rocket science’
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.
