Phone calls and the people who field them, do not come free. A contract in hand means money, big money. I estimate we are talking over a million dollars in one facility in one state.
So tell me again how the “affordable care act” lives up to it’s name?
IBJNews
St. Vincent Health eliminating about 865 jobs in Indiana
J.K. Wall
June 28, 2013
St. Vincent Health said late Friday afternoon that it has made cuts that will reduce its labor costs by 5 percent—a move that will eliminate about 865 jobs in the state.
St. Vincent employs about 17,300 at its 22 hospitals across Indiana. It was not clear how many workers were losing their jobs within the Indianapolis area. However, people familiar with the cuts said the reductions were heavy in the administrative ranks, and many of those jobs are on the city’s north side.
The reductions are meant to save money as Obamacare and Congressional budget cuts promise to take a bite out of hospital reimbursement rates. At the same time, St. Vincent’s parent organization, St. Louis-based Ascension Health Alliance, is pushing to boost operating profit margins across its national chain of Catholic hospitals.
All hospitals are trying to cut expenses drastically, by as much as 25 percent, in order to prepare for a future they expect to be far more austere than the past. With personnel typically accounting for 60 percent of hospital expenses, staff reductions are an inevitable part of that process.
But St. Vincent’s layoff announcement is the largest single reduction to date among Indiana’s largest hospitals.
http://www.ibj.com/st-vincent-health-eliminating-about-865-jobs/PARAMS/article/42213