The Cheyenne Regional Medical Center will try to cut seventeen million dollars from its budget over the next two years.
"We are seeing decreased revenues coming from Medicare," says Jason Schenefield, Chief Operating Officer for Cheyenne Regional, as to why the cuts are necessary. "And things such as that which is really having us, along with hospitals around the country, trying to find ways of saving costs with declined revenues."
Schenefield also says decreased inpatient admissions is causing declining revenues.
The hospital will try and save money by reducing supply costs, and labor costs. But they don’t plan to start laying off employees or implementing hiring freezes. Schenefield says they simply won’t refill positions as employees leave them.
The cost cutting program will start in September.