MN Healthcare Organizations Feel Financial Pinch, Freeze Salaries

[This article posted on April 1, 2009. It is posted within the following categories: Healthcare Policy & The Media, Politics & The Law, via Michael Douglas, MD, MBA.]

The belt tightening is happening in the Twin Cities (where this blog is based) healthcare marketplace. Most non-union employees, in some cases — physicians, will see either freezes in salaries or outright cuts. It’s all about year-end revenue covering expenses; and at one healthcare provider in that market, those costs saved by such restraint could total up to $25 million per year, at least through the end of 2009. Of course, the line staff of these organizations aren’t the only ones affected. Managers and execs are not immune, either. | LINK

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