Currently, layoffs are not part of the LSU Health Shreveport plan, but the health system does expect to cut more than $2 million from its medical school, according to the report.
Other cost-savings measures being considered include group purchasing of hospital supplies that could save $500,000 and new contracts for food and radiology services that could save more than $530,000 combined.
Related Articles on Hospital Finance:
Louisiana State University Hospitals Face $29M Budget Cut
Tenet’s 2012 Adjusted EBITDA Could Reach $1.3B
Aurora Sinai Medical Center in Milwaukee Faces Eight-Figure Losses, Uncertain Future
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.