News » The Insider

St. Vincent lays off employees

comment

St. Vincent Health System, in its effort to trim $12 million from its budget, laid off 29 employees last Thursday and Friday, CEO and President Peter Banko confirmed Tuesday. The 29 were in addition to another 21 who left in November. Banko said none of those laid off were involved in patient care.

The layoffs accounted for about $2.5 million in the cuts; the remainder will come from changes in clinical care, patient length of stay and employed physicians, who are being scrutinized for efficiency and productivity. Banko called the cuts "precautionary," thanks to uncertainty in Medicaid expansion in Arkansas and the "fiscal cliff" cuts that threaten to reduce federal dollars to hospitals.

Add a comment

Clicky