INDIANA HOSPITALS CUT MORE THAN 2,000 JOBS
Changes sweeping through the health care industry are changing major hospitals. Franciscan Alliance says they will cut 5 percent of their workforce because of fewer patient visits and the Patient Protection and Affordable Care Act. The 925 positions will be eliminated by layoffs, retirements, reduced hours and attrition. In addition to the job cuts, managers' salaries will be frozen next year, and employees will be asked to contribute more for insurance. Retirement match contributions will also cease. The company expects to save about $500 million in expenses. In similar moves, earlier this year Indiana University Health and St. Vincent hospital cut more than 1,700 positions. Franciscan St. Francis ranks second in revenue among Indiana-based hospital systems, just behind Indiana University Health.