Providence Hospital, Columbia, S.C., is laying off 35 employees as part of a $7.9 million cost-cutting plan, according to a spokesman.
S.C. hospital plans layoffs, cost-cutting moves
All of the positions are full-time and the layoffs will save $2.8 million annually, according to John Kessler, vice president of marketing and business development. Providence also is eliminating weekend differential pay and a system that pays workers for 36 hours for every 24 hours that they work, changes that will save an additional $1.2 million, Kessler said. The remainder of the savings will come from negotiating better terms for supplies and reducing marketing, legal and other variable costs, Kessler said.
Providence is cutting costs in anticipation of cuts to Medicare and Medicaid based on its reading of politics in both Washington and Columbia, the state capital, Kessler said.
Providence recorded operating income of $5.7 million in 2010 on net patient service revenue of $291.9 million, according to Kessler.
The 316-bed Providence Hospital includes two campuses and is part of Sisters of Charity Health Systems, Cleveland.
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