47 jobs are being cut at Columbus Regional Healthcare System after a reduction in funding and revenue.
COLUMBUS, Ga. -
Columbus Regional Healthcare System say reductions in federal funding have led to the elimination of 47 positions. Sequestration and the Affordable Care Act resulted in less revenue for the hospital, according to a released statement.
In April, Columbus Regional started seeing a two percent reduction in Medicare payments totaling $2.5 million. Columbus Regional is expected to see $780,000 less from the state after the federal government cut state-level payments by an estimated $30 million.
Company officials say employees impacted by the eliminations will be allowed to reapply for other positions within the company or be offered a severance package. A total of 19 clinical and non-clinical departments were affected by the cuts.
The company anticipated a reduction in federal funding and had been looking to cut expenses over the past 15 months.