For the first time in Bartlett's history, its leaders will have to make major changes to stop the losses. There haven’t been any layoffs yet, but they haven’t been ruled out either.
“We haven’t fired any staff,” said Chief Financial Officer Sam Muse, who joined the hospital this fall. This is his first week as CFO. “The hope is that we can figure this out in a way that we’re shuffling people around and finding good solutions for every home base staff here.”
Muse said inflation and higher labor costs due to the shortage of health workers are driving the losses. The hospital’s costs are going up, but the amount it is paid by Medicare or Medicaid is not keeping up with inflation. “We’re providing that care because the community needs that care,” Muse said. “We’re trying to fill gaps, but we also aren’t being reimbursed for it.”
By the end of March the hospital may have to implement the third phase of its savings plan, which includes cutting programs and reducing its workforce.
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