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Emory Healthcare employees help hospital cut costs

Atlanta Journal-Constitution, April 1, 2009

With widespread job losses, more patients without insurance have sought care at Georgia-based Emory Healthcare hospitals. And in the past six months, with the stock market drop, Emory Healthcare's investments plunged by $50 million. While revenues from operations remained profitable over that time, the bottom-line loss was about $20 million, said John Fox, Emory Healthcare's CEO. To cut $30 million in costs, though, the organization went to its employees for feedback on management proposals, and to solicit their ideas. Hundreds of suggestions rolled in, and Emory says the responses have helped achieve the cost savings without layoffs.