Maine Medical Center to offer buyouts to 400 workers

  1. Maine Medical Center to offer buyouts to 400 workers
    Bangor Daily News
    June 28, 2013,
    PORTLAND, Maine-Financial losses have prompted Maine Medical Center to offer voluntary buyouts to about 400 employees approaching retirement.

    In an internal memo to employees Friday, provided by MMC to the Bangor Daily News, President and CEO Richard Petersen said the hospital faces a $15 million gap by the end of the 2013 fiscal year, which runs from Oct. 1 to Sept. 30, in the wake of a rising number of patients who can't pay their medical bills...

    ...The buyout offer follows news in early May that MMC had declared a hiring and travel freeze in an attempt to plug a $13.4 million hole in the hospital's operating budget. MMC attributed those losses to declining patient volumes, an increase in the number of patients who need free care, declining payments from Medicare and MaineCare, and a glitch in the launch of the hospital's electronic health records system....
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