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According to KTKA, the cuts at the hospital are due to a projected $3.5 million loss this year. These cuts will result in 10 full-time employees and five part-time employees being laid off permanently and are expected to save the hospital $1 million annually.
“It’s looking into the future," Newman Regional CEO Bob Wright said to KTKA. “Knowing that we need to make a profit, having the advantage of critical access getting us most of the way there but having really to do our part as good stewards of our resources to make sure that we’re profitable.”
(h/t RNC Research)
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