Grady Health System, Atlanta, said it will lay off about 300 full-time employees beginning in January in a cost-cutting move. In a letter to employees, Grady President and CEO Andy Agwunobi said the system stands to lose $30 million in 2003. It had a $33 million deficit in 2002. Grady, operated by the Fulton-Dekalb Hospital Authority, employs 5,344 people and oversees two hospitals, 12 neighborhood clinics and a nursing home. "We are confident that we will weather this storm," Agwunobi said in the letter. He blamed increased indigent care, lower reimbursement and higher medical cost inflation. The job cuts should be completed by February, a spokeswoman said. -- by Patrick Reilly
Atlanta system to lay off 300 employees
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