New York’s Public Hospital System to Cut Workforce 10% Over 2 Years

New York City’s Health and Hospitals Corp., the largest public hospital system in the nation, plans to cut its workforce by 10 percent over the next two years, according to a report in the Wall Street Journal. The New York system is just one of a growing number of public hospital systems around the country facing dire financial situations.

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To address a budget deficit approaching $1 billion, the system plans to cut 2,600 jobs in the fiscal year beginning in July, on top of 1,300 jobs being cut this year, according to the report. Half of the 2,600 cuts will likely be layoffs while the rest will be achieved through attrition, according to city officials cited in the story. Physicians and nurses will also be hit by the cuts.

The staff reductions are likely to cause program closures and consolidations, with elective surgery locations likely to be trimmed. The system serves 1.3 million New Yorkers, some 450,000 of whom are uninsured, according to the Journal.

Read the Wall Street Journal story on New York City Health and Hospitals cuts.

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