Economic storm clouds are on the horizon for the newly combined Excela and Butler health systems, and a “significant expense reduction plan” is in the near future, according to an internal letter signed by President and CEO Ken DeFurio. In the letter — sent to employees and medical staff at the Greensburg- and Butler-based health systems and acquired by the Tribune-Review — DeFurio cited ongoing financial pressures from the pandemic, staff shortages, inflation, cost increases, declines in reimbursement rates and the stock market as reasons for future cost-cutting measures.
Read the full article: Merged Excela, Butler Health System Is Struggling Financially, CEO Says //
Source: https://triblive.com/local/westmoreland/merged-excela-butler-health-system-is-struggling-financially-ceo-says