Hospital officials said the moves are due to the economic recession, increased outpatient trends and declines in reimbursements, according to the report.
Gary Muller, MGH president and CEO, said in the report that the hospital still had a 1 percent profit margin through the first quarter of its 2012 fiscal year, but a 2 to 3 percent profit margin is desired to meet funding and equipment replacement needs.
Related Articles on Hospital Layoffs:
Peninsula Hospital in New York Announces Layoffs Amid Restructuring
New York’s Westchester Medical Center: More Layoffs, Program Cuts Imminent
Windham Community Memorial in Connecticut Lays Off 20 Workers
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