Shriners Hospital cuts 20 jobs
Tampa's Shriners Hospital for Children has laid off 20 people and reduced the hours of about a dozen others in a move administrators say will save the hospital about $2.5 million next year. Only one physician was laid off and no surgeons were cut, said regional hospital administrator David Ferrell. For most of its history, Shriners hospitals were completely funded by charity and interest on stocks, but times changed.
Medicine and technology costs increased. A trend toward outpatient care hurt the hospitals, which had focused on long-term care. A poor stock market took a chunk out of the Shriners Hospitals' endowment. The changes have been 'quite a challenge,' Ferrell said, adding that laying people off is always unpleasant. But he pointed to Shriners mission: Shriners hospitals still accept children without insurance.
Tampa's Shriners Hospital for Children has laid off 20 people and reduced the hours of about a dozen others in a move administrators say will save the hospital about $2.5 million next year. Only one physician was laid off and no surgeons were cut, said regional hospital administrator David Ferrell. For most of its history, Shriners hospitals were completely funded by charity and interest on stocks, but times changed.
Medicine and technology costs increased. A trend toward outpatient care hurt the hospitals, which had focused on long-term care. A poor stock market took a chunk out of the Shriners Hospitals' endowment. The changes have been 'quite a challenge,' Ferrell said, adding that laying people off is always unpleasant. But he pointed to Shriners mission: Shriners hospitals still accept children without insurance.
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