The plan, which started Nov. 22 and ends Jan. 31, hopes to target operating losses in September and October. The nonprofit company also asked and encouraged union employees — who are not affected by the furlough decision — to donate 20 percent of their paychecks to the company’s foundation.
Read the Jersey Journal report on hospital cost-cutting measures.
Read more on hospital cost-cutting:
–Maimonides Medical Center Residents Approve Bonus Payouts for Cost-Cutting and Quality Care
–10 Successful Hospital Turnarounds
–Don Berwick Renounces Rationing, Too Much Bureaucracy
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.
