In addition to the cancelled raises, the employees will see higher health insurance premiums starting July 1, the beginning of the hospital’s next fiscal year, according to the report. Also, Huntsville Hospital is changing its retirement fund contribution policy.
The frozen salaries, higher premiums and retirement fund contribution changes are due to stagnant patient volumes, declining reimbursements from government and commercial payers and certain mandates from the Patient Protection and Affordable Care Act, according to the report.
More Articles on Employee Cuts:
St. Mary’s Health in Indiana to Trim Jobs by July
St. Vincent’s Medical Center Plans Layoffs
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