St. Joseph Regional Medical Center in South Bend, Ind., has announced a pay freeze for employees as it prepares to open a new $355 million facility later this year.
The Chicago Tribune is reporting that the hospital will make an 8 percent reduction in executive pay and cut the hours of some departments. No layoffs were announced.
Hospital officials say they have faced a growing number of uninsured patients and that Medicare and Medicaid payments have not kept pace with expenses.
St. Joseph plans to open a new hospital in Mishawaka, Ind., in December 2009.
Saint Joseph Regional Medical Center is a not-for-profit, multi-hospital healthcare system located in north central Indiana. It operates two acute care hospitals and a 19-office physician network.
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