St. Mary's hospital is announcing that they'll soon be experiencing some major changes, which will likely mean some people will lose their jobs.
They just released this statement:
"Due to changes in the healthcare industry, which have put providers across the country under increasing economic and competitive pressure, St. Mary's Health officials announced a restructuring of its workforce, which will result in a reduction in employed and contracted associates across the system. This process will take place before the start of the next fiscal year, which begins July 1st, 2013.
Our faith-based health system is continuing to address the challenges of lower than budgeted volumes, decreasing reimbursement, and the Affordable Care Act's mandated reduction in payments.
'As we value each individual's commitment and dedication to the Mission of St. Mary's Health, our thoughts and prayers are with all associates and their families during this time,' said Tim Flesch, President of St. Mary's Health. 'We understand that other health systems are facing similar challenges. To sustain our health system's service to patients and families across the Tri-State, we must re-imagine the way we provide holistic care – body, mind, and spirit.'
St. Mary's Health is reviewing and continues to evaluate an array of costs throughout the system to ensure alignment with the needs of the communities it serves. Through long-term planning and discernment, the health organization is taking the necessary steps to sustain its viability for patients, families, and the community."
No more details on how the restructure will work or how many jobs will be lost, but we'll be closely following this story, and will have the latest information in all of today's newscasts.
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