The 130-bed community hospital’s revenues grew less than 1 percent within the first half of 2012, but expenses increased by 4 percent in that same period, according to the report. CHMC is also seeking other ways to cut costs aside from layoffs, including contract renegotiations, supply efficiency and improved collections.
The hospital currently has about 675 full- and part-time employees, factoring in the recent layoffs. Some laid-off employees worked in the hospital’s prenatal care clinic, which closed last year but was slated to reopen. It will remain closed due to the CHMC’s financial circumstances.
More Articles on Hospital Layoffs:
Auburn Community Hospital in New York to Lay Off 25 Employees
Rockford Health System Eliminates 14 Jobs
Gerald Champion Regional in New Mexico Lays Off 39 Employees
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.