CUMBERLAND, Md. (AP) — The Western Maryland Health System in Cumberland says it plans to eliminate some jobs as it seeks to reduce costs by 10 to 15 percent over the next five years.
The Cumberland Times-News reported Thursday that the cuts will include two senior management jobs and the elimination of many positions that are now vacant.READ MORE: Preakness Fans Happy To Watch Live Horse Racing Again At Pimlico
Chief Executive Officer Barry Ronan says the health system ended its fiscal year in June with an operating loss of $8 million and a net loss of $1.9 million. The cuts are intended to save $6 million to $8 million this year.READ MORE: Maryland Businesses Split On Whether Or Not To Keep Mask Mandates After CDC, Hogan Announcement
Ronan says an expected reduction in public spending on Medicare and Medicaid programs makes it imperative that health system reduce its costs.MORE NEWS: Maryland Foundation Earns Guinness World Record In Order To Bring Awareness About Suicide Prevention
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