Central Maine Healthcare administrators, including CEO Peter Chalke, will take an 8 percent salary cut to alleviate hospital debt, according to a Sun Journal report.
The healthcare system, which oversees several Maine hospitals including Central Maine Medical Center in Lewiston, Maine, owes the state $56 million in MaineCare payments going back to 2007. The hospital accepted federal stimulus funds toward back payment in 2008 and agreed then not to pursue layoffs for an undefined length of time.
The system will also cut 35 jobs and demote 16 senior managers. These and other long-term measures will save the hospital around $11 million, according to the report.
Read the Sun Journal report on Central Maine Healthcare.
Read more on compensation:
-8 Statistics About Compensation of Family Practice Physicians Based on Practice Revenue
-California Attorney General to Review Public Hospital Administrator Salaries
The healthcare system, which oversees several Maine hospitals including Central Maine Medical Center in Lewiston, Maine, owes the state $56 million in MaineCare payments going back to 2007. The hospital accepted federal stimulus funds toward back payment in 2008 and agreed then not to pursue layoffs for an undefined length of time.
The system will also cut 35 jobs and demote 16 senior managers. These and other long-term measures will save the hospital around $11 million, according to the report.
Read the Sun Journal report on Central Maine Healthcare.
Read more on compensation:
-8 Statistics About Compensation of Family Practice Physicians Based on Practice Revenue
-California Attorney General to Review Public Hospital Administrator Salaries