CAMC (WV) looking to pare payroll
Charleston Area Medical Center will be reducing jobs, leaving open positions unfilled and cutting hours and overtime to trim $15 million from its budget by the end of 2011.
Hospital officials could not yet say the specific number of positions that will be affected.
CAMC operates three hospitals in Charleston - General, Memorial and Women and Children's - and a fourth in Teays Valley.
The hospitals plans to cut about 1.8 percent of the hospital's $825 million budget, namely $15 million in labor costs, said a CAMC official Monday.
- Healthcare Leaders Seek Strategic Sweet Spot
- 3 Reasons Wellness Programs Fail
- CMS Issues Health Insurance Exchange Proposed Rules
- Patients Shoulder Nearly 25% of Medical Bills
- ACOs Widespread, Yet Challenged
- MGMA: Physician Compensation Increasingly Based on Quality Measures
- Healthcare Costs 'An Abomination' Says Senate Finance Committee Chair
- Healthcare Consolidation: M&A Not the Only Way
- 6 CNO-to-CEO Strategies
- PwC: Pace of Rising Medical Costs Slowing