The health system has mounting debt and ended fiscal 2017 with $62.3 million in operating losses, according to an unaudited financial statement on Electronic Municipal Market Access, a municipal security website. A 12.7 percent increase in revenue year over year was offset by a 26.3 percent increase in expenses, according to financial statements.
Much of that increase was in salaries, which jumped more than $50 million in the past fiscal year.
Employees whose jobs are being eliminated will receive two months' pay and benefits, plus a severance package, officials said. They also will be provided with resources for finding other jobs.
All employees affected by outsourcing will have the opportunity to join nThrive, which provides medical billing, medical coding and business analytics services for health systems, according to its website.
nThrive has responsibility for the hospital’s business office and the health information management department, and starting Nov. 19, it will expand its role to include patient access and additional health information management responsibilities, Centegra officials said.