Even the Cleveland Clinic, one of the top-ranked health systems in the U.S., can’t escape the blow of cuts in reimbursements to hospitals, under obamacare..

Cleveland Clinic the latest hospital to announce budget cuts in the thick of healthcare reform

September 18, 2013 6:23 pm by Deanna Pogorelc

Even the Cleveland Clinic, one of the top-ranked health systems in the U.S., can’t escape the blow of cuts in reimbursements to hospitals.
A statement from the clinic today said the health system would cut $330 million from its 2014 budget as it works toward “driving efficiencies, lowering costs, reducing duplication in services and enhancing quality to make healthcare affordable to patients.”
How will it do that? Here’s what the clinic says:
Layoffs wouldn’t be surprising, considering that 60 percent of the clinic’s budget is devoted to personnel. Spokeswoman Eileen Shiel pointed out to NewsNet 5 that such cuts aren’t exclusive to Cleveland Clinic; they’re happening to hospitals across the nation.
Indeed, earlier this summer Western Connecticut Health Network announced job cuts, as did NorthShore University HealthSystem in the greater Chicago area.

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