South Carolina hospital aims to save $1M by reducing workforce

The Regional Medical Center in Orangeburg, S.C., is cutting jobs as part of a cost-savings plan, according to The Times and Democrat.

Hospital President and CEO Charles Williams told the publication the cuts will result in layoffs of less than 3 percent of RMC's 1,404-person workforce. He did not provide more details as far as how many jobs are being cut or affected departments, except to say the cuts "will impact many areas of the hospital" but have "minimal impact to direct patient care providers."

Mr. Williams attributed the move to the hospital's overall cost-reduction strategies.

"As part of a strategic plan that focuses on core business, we are implementing cost-reduction strategies that include reducing overtime, eliminating agency staff, flexing staff, filling only emergent vacant positions, staff reductions and all aspects of healthcare system operations," he said, according to the report.

The hospital is hoping to improve its financial picture with the cuts. According to The Times and Democrat, an audit shows the hospital lost $7.1 million during fiscal year 2017. Mr. Williams estimates the job cuts could save the hospital more than $1 million through the current fiscal year.

 

 

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