Washington's Olympic Medical Center CEO Wants Cuts to Employee Benefits

Eric Lewis, CEO of Olympic Medical Center in Port Angeles, Wash., wants to cut employee benefits in order to balance rising healthcare and employee costs and well as decreased revenue, according to a Peninsula Daily News report.

In the face of a 1.6 percent operating margin, Mr. Lewis proposed increasing employees' share of their healthcare coverage, cutting the hospital's contribution to employee retirement by 3 percent and subcontracting some services, according to the news report. The proposed changes to employee benefits would only affect those with spouses and children.

Hospital leaders and union officials representing the hospital's workers are currently in negotiations.

Read the news report about Olympic Medical Center.

Related Articles on Hospital Compensation:

How Healthcare Reform is Affecting Hospital Leaders' Compensation
Illinois' Franklin Hospital Reduces Work Force, Compensation
15 Statistics From Recent Healthcare Compensation Surveys

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars