Memorial Health in Colorado Won’t Cut Jobs — Yet

Memorial Health System in Colorado Springs, Colo., said it will take certain cost-cutting measures to help remedy a $7.1 million budget deficit but will not announce layoffs yet, according to a Colorado Spring Independent report.

Advertisement

The health system’s year-to-date budget deficit is a result of declining patient volumes, and hospital officials are eyeing work hours reductions, early retirements, hiring only for “mission-critical” roles and other measures as a means to fill that gap.

Although Memorial Health is not considering layoffs right now, they may be possible in the future, according to the report.

Related Articles on Hospital Layoffs:

St. Francis Medical Center in New Jersey Lays Off 37 Employees
Oswego Health in New York Eliminates 28 Positions
Bluefield Regional Medical Center in West Virginia Announces 12 Layoffs

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.

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.