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More Information On St.Vincent Cuts

It was announced late last week that there would be more than 850 jobs cut at St. Vincent Health hospitals across the state.

That number is about 5% of its more than 17,000 member workforce in Indiana.

That will slash its labor expenses by about $55 million per year.

Some of those let go are some of the top executives including the chief medical officer for the 22-hospital system, and St. Vincent’s chief medical informatics officer.

Experts say that cuts like these are expected to affect patient care the least.

Experts also say that other hospitals across the state have also cut staff as they try to reduce expenses 15 percent to 25 percent. The main difference is that they have been quieter about it.

Care givers are expected to be hit in the next round of cuts.

The reason given for the need to cut costs is lower reimbursement and other changes in the near future due to Obamacare.