Montana clinic to cut physician pay amid ‘unsustainable’ losses

Billings (Mont.) Clinic plans to cut $4.5 million monthly through cost-saving measures, including physician pay cuts up to 5 percent and suspensions of company contributions to employee retirement plans, MTN News reported March 31. 

Advertisement

The hospital has asked for other cutbacks, including a companywide hiring freeze, halting capital projects, a temporary 10 percent pay cut for all hospital executives, a business travel freeze and a reduction in contract labor, according to an internal memo obtained by the publication. According to the memo, the hospital’s monthly losses are “unsustainable.”

The hospital has also signed a contract with US Anesthesia Partners, which the memo said would “boost surgical services hospitalwide,” the publication said.

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.