Among its cost-cutting measures, Providence plans to cut 35 jobs, which officials say will affect nearly every hospital department including senior administration. The hospital also plans to cut $7.9 million in operating expenses, re-evaluate supply costs on an ongoing basis and streamline processes where possible.
Read the news report about Providence Hospital’s cost-cutting measures.
Read other coverage about healthcare costs:
– Washington Plan to Cut Medicaid Would Cap ER Visits for Non-Emergencies
– CMS Final Rule Increases Funding for Medicaid, CHIP e-Enrollment Systems
– House Vote Kills Reform’s Prevention and Public Health Fund
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.
