After New Hampshire's legislature severely cut Medicaid funding last summer, hospitals throughout the state began shedding jobs. Exeter Health Resources, which runs a 100-bed hospital near the coast, lopped off 110, almost 5% of its workforce, many of them nurses and other caregivers.
Yet Exeter is still hiring-mainly administrative workers. "We're trying to balance the need to cut costs with the need to grow," says Mark Whitney, Exeter's vice president for strategy. "It's an interesting balance."