Hospitals Announce Layoffs, Salary Cuts Following Volume Decreases

More hospitals have announced layoffs, salary freezes and wage cuts, following reports that hospital visits have dropped by 8 percent in the last year, according to various sources.

North Adams (Mass.) Regional Hospital notified workers that 12 full-time positions will be cut and others will have hours reduced, according to an iBerkshires report. The hospital will also close its satellite physical therapy location in Adams, effective Jan. 10, allowing patients to continue rehabilitative care at the hospital.

Monadnock Community Hospital in Peterborough, N.H., has announced a plan to increase revenue and decrease expenses by instituting across-the-board salary and benefits reductions, according to a Sentinel Source report. The hospital cited lagging hospital visits and the overall economy as reasons for the plan, which will not include layoffs.

Union leaders for Washington state workers have agreed to cuts in wages and increases in health premiums, affecting nurses at Eastern State Hospital in Medical Lake, Wash., according to a Spokesman Review report. The cuts are expected to help fill a $4.6 billion gap between expected revenues and projected expenses in the state's general fund.

Read more on hospital business and finance:

-Carolinas Healthcare Sees $146.8M Decrease in Earnings

-5 Issues Affecting Hospital Employment

-Federally Qualified Health Centers: Threat or Collaborative Opportunity?

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