The article, “Market Pressures Hit UMass Memorial”, discusses the financial performance problems surrounding UMass Memorial Health Care Inc., the largest employer in Central Massachusetts. According to the article, UMass Memorial’s financial performance fell well below expectations in its recent fiscal year, raising the possibility of layoffs and cost-cutting in 2012. This comes at a time of major transition in the healthcare industry. Dr. Andrew Epstein states, “Hospital executives face an uncertain future for their business models. He goes on to say, “I think what really concerns many hospital executives and health system executives is what does the healthcare picture of the future look like and how many hospital beds of what types do we really need?”
Click here to read the article.