Children’s Hospital and Clinics of Minnesota to cut 250 jobs

Children’s Hospital and Clinics of Minnesota plans to eliminate between 200 and 250 full-time positions by mid-November.

The job cuts will come through a combination of layoffs, voluntary early retirements and leaving open positions vacant, hospital spokesman Brian Lucas said. The number of layoffs has yet to be finalized, he said.

In a release, the hospital detailed how state cuts to Medicaid funding have disproportionately impacted its finances compared to adult hospitals, since Medicaid makes up 44 percent of Children’s Hospital revenues as opposed to around 10 percent for adult hospitals.

From: Business Journal