jessie stuart medical bldg - CopyCHRISTIAN COUNTY, Ky. (7/17/14) — The following is a press release regarding workforce reduction from Jennie Stuart Medical Center in Hopkinsville, Ky. It is reprinted in its entirety:

In response to a continuously changing national healthcare environment, Jennie Stuart Medical Center is taking important steps to better align its services and cost structure. This release will explain what actions we are taking at this time.

JSMC, like many hospitals nationwide, is facing significant regulatory and reimbursement challenges. We are adjusting to federal sequester cuts, declining Medicare reimbursement, an increasingly complex and restrictive Medicaid system, and a commercial insurance marketplace that is placing more of the burden of cost on its insureds.

Despite JSMC's historically strong operating performance, it is clear that we are not immune to the economic headwinds within the healthcare environment. Both payers and consumers have reined in spending, which affects the volumes and business models upon which all community hospitals are built. However, our organizational fundamentals are strong, and reflect the hard work of our employees. Our financial position is solid. We continue to make long-term investments in the growth of our quality Medical community and networks. Our response to this environment will combine a commitment to long term investments in our core service lines with prompt action to reduce our costs.

Despite fairly strong outpatient service volumes, JSMC finished the second quarter of 2014 with an operating loss. Noting a downward trend in revenue, we attempted to mitigate these losses by flexing staff and controlling key operating costs. By the end of the second quarter, we had begun to appreciably impact our operating expenses, but more must be done.

The current environment requires that we continue to increase our efficiency. To do so, we are taking a series of aggressive steps - from managing monthly operating expenses, tightening travel & marketing budgets, reducing supply costs and renegotiating contracts with vendors. As part of the process of adjustments, we will eliminate 70 job positions organization-wide. This will occur through a combination of employees participating in an accelerated retirement program and layoffs.

Each of these steps will be difficult. Our healthcare system is built on a tradition of growth and continuous investment in people and technology. However, today's changing operating climate demands that we respond to ensure our future viability for the communities we serve. The decision to eliminate even a single employee's job is a difficult one. Our people represent both our history and our successes.

We believe these job eliminations, in conjunction with other focused cost reductions, will provide the ability for JSMC to adjust its cost structure, and become a more efficient, quality driven, competitive healthcare provider for the patients in our regional marketplace moving forward.

SurfKY News
Information provided by Linda L. Browder

Disclaimer: The content supplied by columnists and letters to the Editor on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such content, statement, or opinions therein. SurfKY News does not necessarily adhere to or endorse content provided by outside non-staff sources.

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Muhlenberg Allstars 10-11 Defeat Daviess 13-7

WARREN COUNTY, Ky. (6/29/15) — The Muhlenberg Allstars 10-11-year-old boys defeated Daviess County Saturday, June 27 at… Read More

Madisonville Miners Win Again

OWENSBORO, Ky. (6/29/15) — Madisonville erupted for seven runs in the top half of the third inning and never trailed in… Read More

Most Read This Week

June 24, 2015 44398

Western Kentucky, Southern Indiana's Largest…

by Doreen Dennis, SurfKY News
June 24, 2015 5205

Unraveling the $34 Billion KRS Ponzi Scheme

by Dr. William F. Smith
June 25, 2015 4272

Accused Synthetic Drug Traffickers Remain in U.S.…

by Doreen Dennis, SurfKY News
June 29, 2015 3301

UPDATE: Victim of Home Invasion/Homicide Died of…

by SurfKY News
June 28, 2015 3126

'Curb Service’ at Local Eatery Ends with DUI…

by Doreen Dennis, SurfKY News

Most Read This Month

June 24, 2015 44398

Western Kentucky, Southern Indiana's Largest…

by Doreen Dennis, SurfKY News
June 19, 2015 10935

Hopkins County Health Department Food Scores Thru…

by Barry Franklin

Stories Trending Now

June 29, 2015 3301

UPDATE: Victim of Home Invasion/Homicide Died of…

by SurfKY News
June 29, 2015 2353

Alleged Breast Display Ends in Domestic Assault…

by SurfKY News
June 29, 2015 2283

Nortonville Man Accused of Trying to Choke…

by SurfKY News
June 29, 2015 1622

Accused Synthetic Marijuana Traffickers Appear in…

by Doreen Dennis, SurfKY News
June 29, 2015 1513

Two Locals Face Drug Charges

by SurfKY News
June 29, 2015 760

Madisonville Police Arrest Reports Released -…

by SurfKY News
June 29, 2015 642

Hopkins County Sheriff's Reports Released

by SurfKY News
June 29, 2015 569

Dawson Springs Police Reports Released

by SurfKY News
June 29, 2015 455

Muhlenberg Career HSD Principal Announces…

by Karen Robinson
June 29, 2015 438

It's a Different Day in America

by Glenn Mollette