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PeaceHealth Costcutting

Posted on 17th July 2013 at 15:59

It’s being reported that PeaceHealth is facing its biggest-ever budget gap, and is now asking employees to identify ways to cut another $30 million from its overall budget. The Eugene Register-Guard claims to have obtained a copy of a presentation that PeaceHealth President and Chief Mission Officer Alan Yordy is making to employees during this week. It’s reported that $100 million in savings has already been identified, and they’re appealing to employees to identify another $30 million over the next two months. They say that part of the plan is to immediately suspend hiring for open positions, and will review those positions on a case-by-case basis. They’re also reviewing open spots, to see if they can be consolidated, eliminated, cut to part-time, or if there are other options. Currently, PeaceHealth employs about 16,000 people in three states, and has about 900 vacant slots at this time. Yordy says that they’d like to avoid layoffs; he also says that unpaid furloughs or early retirement options could be part of the mix. The R-G says that these moves are a continuation of cost-cutting efforts that started with the recession, but Yordy says this year’s challenges are “unprecedented.”