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.
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.