Three-hospital Ohio Valley Health Services and Education Corp., Wheeling, W.Va., has announced layoffs of 46 management and non-bedside care employees, citing a $1.5 million increase in medical malpractice insurance premiums and a $3 million drop in endowment funds because of stock market losses. In a written statement, system President and CEO Thomas Galinski said, "The layoffs are due in large part because of a continual increase in medical liability insurance rates for the hospitals. We currently spend $10,000 a day, 365 days a year, for our systemwide liability insurance. We have seen our rates double since 2001 and anticipate this trend to continue next year." Ohio Valley Health Services includes 165-bed East Ohio Regional Hospital, Martins Ferry, Ohio, 363-bed Ohio Valley Medical Center, Wheeling, W.Va., and 172-bed Peterson Rehabilitation Hospital, also in Wheeling. -- by Mark Taylor
W.Va. hospital blames layoffs on malpractice costs
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.