FILE PHOTO

Maine Coast Memorial Hospital announces reduction in force



FILE PHOTO
Maine Coast Memorial Hospital officials have announce plans to cut $3 million from the hospital’s annual operating expenses.

ELLSWORTH — Citing reductions in payments from Medicare, MaineCare and commercial insurance payors, along with a reduction in inpatient services and admissions, Maine Coast Memorial Hospital on Monday announced expense cuts and layoffs.

“While we have taken many steps over the last few years to adapt to this new environment, more significant action needs to be taken to align our expenses with the current volumes and revenue,” hospital President and CEO Charlie Therrien stated in a letter to the hospital’s 650 employees.

“We have experienced an operating loss of $635,000 for the first quarter of this fiscal year,” he wrote. “Over the next few weeks, we will be taking steps to reduce our annual operating expense by approximately $3M. These steps will be focused on both labor and non-labor expenses, and will include a reduction in work force.”

Therrien said specifics about the layoffs would be announced next week.

“We will be working with our management team over the next week to develop the strategies for implementing these changes. We anticipate the implementation period to take place over the next few weeks,” he wrote.

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Stephen Fay

Stephen Fay

Managing Editor at The Ellsworth American
Stephen Fay, managing editor of The Ellsworth American since 1996, is a third-generation Californian. Starting out as a news reporter in 1974, he has been an editor since 1976, working in Massachusetts, Connecticut and Vermont before settling in Ellsworth with his wife and two daughters. [email protected]
Stephen Fay

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