Blue Hill hospital buyout plan announced to avoid layoffs
Blue Hill Memorial Hospital has announced a buyout plan aimed at creating permanent budget reductions and avoiding layoffs, according to a news release from the hospital. The hospital is calling its initiative a "voluntary separation incentive plan," under which all employees can apply for the buyouts, but administrators may choose to deny some applications. BHMH used dire language in describing the need for the buyout program, saying the hospital "must be ready to embrace the changes on our doorsteps or face the consequences of failing to keep pace—which could mean an end to healthcare delivery as we know it on the peninsula."
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- WellPoint Dominates Nearly Half of Markets, AMA Says
- CMS Offers Some ACOs $114M for 'Upfront' Costs
- 4 Tips for Managing Employed Physicians
- House Calls Key to Pioneer ACO Success
- Ebola: Second TX Nurse Diagnosed After Improper Protective Gear Application
- Providers Ask HHS to Address EHR Interoperability Barriers