The HUMC has released the draft copy of their budget for 2010. It is just the high level numbers and subject to change as it is a draft:
Original Post 1/28/2010:
The HUMC meeting last night was packed with mostly employees for the Hospital and a few concerned citizens. Spiros Hatiras addressed the audience and said that "the Hospital will not close.":
Here are some highlights of his report:
- $3 Million of the $7 million stablization money has been paid out to date. $1 million will be applied to the 2009 budget.
- The union and management employees have agreed to 10% salary cuts across the board and that will result in a total savings of $6.5 million for 2010. Another $5 million will come from vendor reductions totaling $11.5 million. That coupled with the $6 million dollars of stabilization money applied to 2010 will make up a gap of $17.5 million in total compared to the prior year.
- Physicians also volunteered to take pay cuts as well.
- Her explained the the new Governor's transition report did not include the voluntary 10% wage cuts from employees when it made the assessment that the hospital would close in several months.
- Spiros reiterated his thanks to all the employees for coming together and helping the hospital to trim its expenses to continue its operations (paraphrased).
http://hoboken.patch.com/articles/hoboken-university-medical-center-proposes-draft-budget-for-2010
Part 1 of Spiros Hatiras' remarks:
Part 2 of Spiros Hatiras' remarks:
◦
