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CEO Says Waterbury Hospital Layoffs, Budget Cuts Imminent

CEO Says Waterbury Hospital Layoffs, Budget Cuts Imminent

The head of Waterbury Hospital said layoffs and budget cuts are imminent regardless of whether state Senate leaders can rekindle interest by a Texas hospital chain to buy Waterbury and four other nonprofit hospitals in Connecticut. Waterbury Hospital's budget must be cut to accommodate a $9.77 million reduction this year in state and federal reimbursements for patients on Medicaid and Medicare, Waterbury Hospital CEO Darlene Stromstad said in a phone interview Monday. She said some services will be discontinued and layoffs are imminent, though she would not say exactly when they would be made. The $9.77 million is slightly less than 5 percent of revenues for the hospital, whose...

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