Nine employees will be reduced to part-time status, effective August 1. The layoffs won’t affect clinical services, according to the report.
The reorganization was prompted by declining reimbursements, a 13 percent reduction in the regional population within the past decade and increased medical costs, according to Millinocket Regional CEO Marie Vienneau. The 25-bed critical access hospital has recently seen a $1.5 million budget shortfall and $500,000 operational loss.
The layoffs and reductions in hours will help the hospital save about $550,000 over the next fiscal year.
More Articles on Hospital Layoffs:
SUNY-Downstate Begins Layoffs
Marshfield Clinic in Wisconsin to Cut 119 Jobs
Claxton-Hepburn Medical Center in New York Lays Off 8 Employees
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.