High Point regional hospital cuts 115 jobs, 1900 hospital jobs eliminated in the Triad in past 3 years, Obamacare aka Affordable Care Act impact
“About two-thirds of the hospitals serving Medicare patients, or some 2,200 facilities, will be hit with penalties averaging around $125,000 per facility this coming year, according to government estimates.”…NE News Now
“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.
Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
From the Winston Salem Journal May 22, 2014.
“High Point Regional joins other hospitals in making job cuts”
“High Point Regional Health became on Thursday the latest Triad hospital to make job cuts related to lower federal reimbursement levels and declining revenue from performing fewer inpatient services.
The hospital said it was eliminating 115 clinical and nonclinical job positions – about 5 percent of its workforce of nearly 2,000.
Counting the High Point Regional job cuts, there has been nearly 1,900 hospital jobs eliminated in the Triad in the past three years.”
“In November 2012, Wake Forest Baptist announced the elimination of 950 positions: 420 were current employees and 530 were closed, unfilled positions, or employees who left through attrition or retirement.
Other Triad health care systems that have eliminated jobs since 2011 include: Cone Health (at least 300), Novant Health Inc. (at least 289, including 150 in the Triad) and Randolph Hospital in Asheboro (66).
Morehead Memorial Hospital in Eden said May 12 it is reducing its staff by 22 positions and cutting the hours of 25 other employees.
Hugh Chatham Hospital in Elkin eliminated 31 jobs in
Also in October, Northern Hospital of Surry County said it eliminated between 12 and 15 full-time jobs. Another 15 to 18 employees had their work weeks reduced to 35 to 36 hours, while another group of employees was shifted into a different job.”