CAMDEN, N.J.-Our Lady of Lourdes Medical Center announced in November it is eliminating 35 more jobs, the second round of layoffs in two months. The hospital is trying to bridge a projected $10 million loss in funding. It expects to lose $25 million in Medicare reimbursements during the next several years. "We have been forced to reduce our expenses to compensate for our falling revenues," said Alexander Hatala, president and chief executive officer of Our Lady of Lourdes Health Care Services. Positions will be cut throughout the 377-bed Catholic hospital. The job cuts will be effective Nov. 30. Two months ago, Lourdes laid off 47 employees and announced plans to close its mental health unit, affecting 23 additional positions, to cut costs. The hospital instituted a hiring freeze in July. Hatala said 70 vacant positions have been eliminated through attrition, but that was not enough to meet the hospital's financial goals.
SOMERSET, Pa.-Many hospitals may be struggling, but Somerset Hospital officials say their facility is doing just fine. At the annual corporate meeting earlier this month, administrators said the 132-bed hospital increased total operating revenues by nearly 5% this year. Somerset posted net income of $1.3 million-up substantially from $350,000 last year. Chief Executive Officer Mike Farrell said the key to the hospital's success has been to operate more efficiently and utilize partnerships like the one with Allegheny General Hospital in Pittsburgh to build an oncology unit.
CONCORD, N.H.-New Hampshire officials got a few surprises when they looked at a survey of health insurance coverage and access in the state. Although 91% of residents have health insurance of some kind, 96,000 remain uninsured and 25,000 of those are children, according to the report released Nov. 16. Donald Shumway, commissioner of the Department of Health and Human Services, said as many as 18,000 of the uninsured children may be eligible for healthcare programs.
MONONGAHELA, Pa.-Monongahela Valley Hospital has cut its operating budget by $1.3 million to $72 million for the current fiscal year. The hospital said it had to make the cuts because of reduced Medicare reimbursements. The cuts won't result in layoffs, said Anthony Lombardi, the hospital's chief executive officer. "Next year, we may not be so lucky," he said. During the next five years, the hospital about 30 miles south of Pittsburgh expects to receive $19 million less from Medicare. The 262-bed hospital gets 69% of its revenues from the program. Profits are running about 8% below the same time last year, Lombardi said.