Hospital passes 2016 budget
The board of the Quincy Community Medical Center on Monday passed a $9.2 million budget for next year.
The budget is more than $920,000 less than the 2015 budget. That’s a 9 percent reduction in the budget next year.
The 2016 budget projects that the hospital will break even next year. Dean Taplett, controller for the hospital, described the projections as a “hold-your-own” budget to commissioners.
Most of the cost reductions for next year are coming in employee salaries and benefits. The hospital will spend nearly $6.7 million on employee salaries and benefits this year, compared to a projected $6 million next year.
Taplett explained that reductions in employee hours and salaries will carry over to next year.
Figures show the hospital at this time is operating at a loss of $569,858 for the year so far. The hospital lost $715,587 last year.