Naperville, Ill.-based Edward-Elmhurst Health plans to cut $50 million in costs, or about 4 percent of the system's total expenses, according to the Chicago Tribune.
Edward-Elmhurst CEO Mary Lou Mastro, RN, told reporters Tuesday the cost-cutting plan will involve an unspecified number of layoffs, according to the report.
The system will also leave vacant positions unfilled. Ms. Mastro said there are currently 300 open positions that are not being filled.
Edward-Elmhurst posted an operating surplus of $17.7 million for the fiscal year ended June 30. That fell about $8 million short of the system's goal, according to the report.
The system is facing financial pressure due to higher volumes of Medicaid and Medicare patients, increased charity care, more unpaid patient bills and higher pharmaceutical and supply costs.
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