MedCentral Health System Making Deep Spending Cuts
Story By:
Greg Heindel
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MedCentral Health System is undertaking $6-million in spending reductions, which will include the elimination of 25 of the system's 2500 jobs. But these are not the only cutbacks that will affect employees. Acting President and CEO Joe Chamberlin says hours and paid time off are being reduced, while some will see pay cuts. No one will be getting a raise into the foreseeable future. He says the affected positions are across the board, and the reductions will take place the the end of this month. The belt-tightening is brought on by a 28-percent decrease in patients over the last three years, and cuts in Medicare and Medicaid reimbursements. Chamberlin says the affected employees can apply for other positions, and they could be brought back if the number of patients increases. |
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