The cuts are expected to save the health system, which operates 214-bed Northern Michigan Regional Hospital, $9 million over the next year, according to the report.
The hospital cited increasing bad debt as one of the main drivers for the cuts. The hospital’s bad debt and uncompensated care is up 21 percent compared to a year ago.
Read the Petoskey News report on Northern Michigan Regional Health System.
Read more coverage on Northern Michigan Regional Health System:
– Northern Michigan Regional Health System Names CFO
– Widow of Former Northern Michigan Regional Health System CEO Files Suit Over Employment Contract
– Northern Michigan Regional Ends Merger Talks With Spectrum
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.
