Marquette (Mich.) General Hospital plans to lay off 21 employees and freeze wages in order to save $4.5 million this year, according to a Mining Journal report.
Hospital officials said the moves are due to the economic recession, increased outpatient trends and declines in reimbursements, according to the report.
Gary Muller, MGH president and CEO, said in the report that the hospital still had a 1 percent profit margin through the first quarter of its 2012 fiscal year, but a 2 to 3 percent profit margin is desired to meet funding and equipment replacement needs.
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Hospital officials said the moves are due to the economic recession, increased outpatient trends and declines in reimbursements, according to the report.
Gary Muller, MGH president and CEO, said in the report that the hospital still had a 1 percent profit margin through the first quarter of its 2012 fiscal year, but a 2 to 3 percent profit margin is desired to meet funding and equipment replacement needs.
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