2 Indiana hospital systems cutting jobs, other costs
May 23, 2013 4:48PM
Updated: May 23, 2013 5:10PM
INDIANAPOLIS (AP) — Two Indiana hospital systems say they’re both cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry.
Indianapolis-based St. Vincent Health and Evansville-based St. Mary Health announced Thursday that restructurings of their workforces will result in cuts to employed and contracted workers.
Both are affiliated with St. Louis-based Catholic hospital group Allegiant Health and say they’re faced with budget shortfalls, decreasing reimbursement, and the national health care overhaul’s mandated reduction in payments.
St. Vincent’s 22-hospital network website employs more than 3,000 physicians and 18,000 other employees. St. Mary has 750 physicians and more than 3,500 other employees.
The St. Vincent network includes hospitals in Anderson, Bedford, Brazil, Carmel, Elwood, Fishers, Frankfort, Lafayette, Kokomo, North Vernon, Salem, Williamsport and Winchester.