Last year, the 46-bed hospital froze salaries to save jobs, but it promised employees they would get planned increases back if they helped the hospital save enough money to cover the cost.
They reached their goal. The hospital has reported an operating profit of nearly $4 million.
Read the Chicago Sun-Times‘ report on Swedish Covenant Hospital.
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.
