Intelligence Unit
Special Reports
Special Events
Subscribe
Sponsored
Departments
- Leadership
- Finance
- Technology
- Physicians
- Community Hospitals
- Health Plans
- Marketing
- Quality
- Nursing
- HR
Follow Us
Minnesota-based Fairview Health Services plans wage freeze
Minneapolis Star Tribune, April 2, 2009
Minnesota-based Fairview Health Services plans to freeze 2009 wages for all employees in hopes of saving $24.5 million. The latest cost reductions by Minneapolis area's second-biggest hospital and clinic chain come after layoffs, reduced pension contributions, and new limits on banked vacation were not enough to match the shortfall in revenues as the economy deteriorated. Fairview now hopes to save $15.6 million by eliminating 2009 pay increases for non-union workers.
Most Viewed
Most Emailed
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Fortunately, Angelina Jolie Isn't On Medicare
- Don't Let Nurses Sink Your Bottom Line
- How Chargemaster Data May Affect Hospital Revenue
- Uncompensated Care Faces a Double Hit in Some States
- Hospital Pricing Transparency a Marketing Game Changer
- ED Physicians Key to Half of Hospital Admissions
- Primary Care Docs Average More Hospital Revenue Than Specialists
- Insurer's App Aims to Lower Healthcare Costs, Securely
