In response to a projected $10 million loss over the next year, Providence Hospital in Columbia, S.C., is taking several measures to cut costs, according to a WLTX news report.
Among its cost-cutting measures, Providence plans to cut 35 jobs, which officials say will affect nearly every hospital department including senior administration. The hospital also plans to cut $7.9 million in operating expenses, re-evaluate supply costs on an ongoing basis and streamline processes where possible.
Read the news report about Providence Hospital's cost-cutting measures.
Read other coverage about healthcare costs:
- Washington Plan to Cut Medicaid Would Cap ER Visits for Non-Emergencies
- CMS Final Rule Increases Funding for Medicaid, CHIP e-Enrollment Systems
- House Vote Kills Reform's Prevention and Public Health Fund
Among its cost-cutting measures, Providence plans to cut 35 jobs, which officials say will affect nearly every hospital department including senior administration. The hospital also plans to cut $7.9 million in operating expenses, re-evaluate supply costs on an ongoing basis and streamline processes where possible.
Read the news report about Providence Hospital's cost-cutting measures.
Read other coverage about healthcare costs:
- Washington Plan to Cut Medicaid Would Cap ER Visits for Non-Emergencies
- CMS Final Rule Increases Funding for Medicaid, CHIP e-Enrollment Systems
- House Vote Kills Reform's Prevention and Public Health Fund