Cape Cod Healthcare to cut 169 positions

Cape Cod Healthcare will cut 169 jobs, or nearly 4% of its workforce, as part of a sweeping financial makeover intended to add as much as $40 million to the hospital system. Richard Salluzzo, MD, the organization's new chief executive, said the plan includes cutting expenses by $16 million and raising between $15 million and $25 million in new revenues. Salluzzo added the system would slash consulting and legal fees, and improve patient coding to maximize reimbursement.