Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Erlanger: Cutting PTO was necessary amid hospital's financial woes

The Chattanoogan, March 5, 2014

Erlanger Health System officials said cutting paid time off benefits to employees was a necessary step among others to try to salvage the hospital from a number of financial difficulties. President Kevin Spiegel said that if either state DSH or Public Hospital Supplemental Pool funding is approved – and Erlanger receives those funds prior to the end of this fiscal year – PTO accrual will be reinstated immediately. He said that temporarily suspending PTO accrual "was a far better alternative than implementing layoffs." Erlanger employees were told, "In a continuing effort to preserve cash flow and strengthen our financial status, Erlanger is undertaking additional cost-saving initiatives between now and the end of our fiscal year, June 30, 2014.