Sutter Health Aims To Cut $700M in Costs by 2014
This week, Sutter Health CEO Pat Fry sent a letter to about 50,000 employees of the 24-hospital system outlining Sutter's plans to reduce costs by about $700 million by 2014. Fry said the health system is preparing for anticipated reductions in Medicare and Medi-Cal reimbursements stemming from the federal health reform law and state budget constraints. Medi-Cal is California's Medicaid program.
- "Sutter Health To Slash $700M in Costs by 2014; Prep for Tough Times" (Rauber, "Bay Area Biz Talk," San Francisco Business Times, 2/24).