Putnam’s Day Kimball Healthcare said it is implementing a series of cost cutting measures in response to major funding cuts from the state.
The parent to Day Kimball Hospital said it is losing $3.8 million in fiscal year 2013 as a result of budget cuts that were part of by Gov. Dannel P. Malloy’s two-year spending plan adopted by lawmakers earlier this year.
“Since December, 2012, when Governor Malloy’s office announced the cut backs in hospital reimbursements, the management team and board of directors of Day Kimball Healthcare have been scrutinizing our operating budget to develop a plan to offset the expected lost revenue while maintaining our high quality of care,” said Robert E. Smanik, the hopsital’s president and CEO.
Smanik said that the healthcare providers mitigation plan includes:
- reducing departmental expenses;
- restricting hiring of all non-essential positions and realigning responsibilities of certain employees;
- implementing “furlough” days for certain levels of management, including senior management;
- reviewing business practices and engagements for greater efficiencies;
- expanding patient access to care; and
- eliminating integrative medicine services (complementary therapies such as massage, stress management, acupuncture) and a sports medicine practice (the sports medicine practice physician is leaving for a new position out of state).
