University Hospitals, based in Cleveland, Ohio, plans to cut $100 million over the next two years to compensate for lower state and federal reimbursements, according to a Plain Dealer report.
Health system officials are hoping to cut expenses by improving efficiencies, shifting to alternate models of care and expanding services that can increase revenue. Layoffs are not expected to be a part of the system's cost-cutting efforts.
Montana Hospitals Increasing Charity Care, Bad Debt
Vermont Hospital Budgets to Grow 3.8% on Average for 2012
Health system officials are hoping to cut expenses by improving efficiencies, shifting to alternate models of care and expanding services that can increase revenue. Layoffs are not expected to be a part of the system's cost-cutting efforts.
Related Articles on Hospital Budgets:
Greenville Hospital in South Carolina to Raise Prices, Add 120 JobsMontana Hospitals Increasing Charity Care, Bad Debt
Vermont Hospital Budgets to Grow 3.8% on Average for 2012