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Greenville Hospital Adding 500 Jobs
Greenville Health System today approved a $1.8 billion budget that adds nearly 500 jobs throughout the system during fiscal year 2014. Most of the jobs are in medical staffing, including nurses, physicians and clinical support staff.
There will be no price increase as part of the budget, something GHS President Michael Riordan says is due to strong financial discipline.
Nursing students at USC Upstate's Mary Black School of Nursing were excited about the job additions.
"It's actually really exciting, because we're all getting out in the job market all at once. And once you pass your boards, everyone's scrambling to find a position," says Jaclyn Bidinger, a junior at USC Upstate.
Ben Haskew, president of the Greenville Chamber of Commerce, says the job additions show strength in the county's largest employer.
"I think the fact that the largest employer is adding jobs says 2 things: obviously they are growing, which is good news for the community. But again, I go back to the ripple effect of having these additional payrolls. Because that's gonna mean more small business, more service businesses needed, all of that trickles down. So it's gonna be good news for the whole community," says Haskew.
The full release from Greenville Health System is pasted below. To apply for jobs at GHS, click here.
Tuesday, September 24, 2013
GHS Board of Trustees approves $1.8 billion budget for FY 2014
GREENVILLE, SC Greenville Health System (GHS) approved a $1.8 billion total operating revenue budget that significantly expands patient access and adds nearly 500 new jobs.
There is no price increase as part of the budget, which was approved by the GHS board of trustees at its board meeting on Tuesday.
Strong financial discipline has allowed us to add hundreds of new jobs, while at the same time holding the line on no additional price increase for patients, said GHS President and CEO Michael Riordan. This is great news both for us and our community but we still have some challenges ahead. We must proceed conservatively and continue to monitor spending as we have in the past.
"Integration and innovation are key to not only surviving but thriving in todays rapidly changing healthcare environment; more important, its the right thing to do for our patients, families and the communities we serve, said Riordan. Thanks to managers, physicians and staff, who continue to work together to balance the future and strategic priorities of our health system with the current needs of the organization, GHS is well positioned to meet the healthcare needs of our community in FY2014.
This years budget reflects more than $40 million in ongoing savings after GHS implemented a number of initiatives designed to improve efficiency and reduce costs. Initiatives include revenue cycle improvements, clinical documentation improvements, human resource initiatives and supply chain savings, said Terri Newsom, GHS chief financial officer.
GHS is the countys largest employer with nearly 12,000 employees. GHS has grown to one of the largest health systems in the Southeast and also one of the strongest, with its strong Standard & Poors AA- bond rating recently reaffirmed.
GHS plans to add the new jobs throughout the system throughout FY2014. Most of these will be nurses, physicians and mid-level providers, and clinical support staff in both inpatient and outpatient units as well as in primary care, surgical and behavioral health practices.
This new budget, which goes into effect Oct. 1, reflects a 2.9 percent increase over the FY2013 projection and includes a three percent operating margin.
Through its capital plan, GHS will invest more than $224 million in multiple projects to be completed over the next four years. These include the renovation of intensive care units at Greenville Memorial, infrastructure updates for Marshall I. Pickens Hospital, a medical office building for pediatric practices in Spartanburg and the replacement of linear accelerators located at the GHS Cancer Institute.
However, the largest portion of the capital budget will be $97.2 million over five years to purchase and implement an electronic medical record and revenue cycle system. The Epic Systems Inc. integrated software suite will replace more than 50 clinical and billing systems currently in use across the system and significantly increase efficiency and streamline wait times for patients and staff alike.
GHS must also invest $5 million in operating expense and $1 million of capital funds to implement a federally mandated conversion system to organize epidemiology data. This data is used for health records and is the primary basis for healthcare reimbursement within the U.S.
Healthcare reform also continues to impact GHS and other healthcare providers. For example, compared to the current year, cuts to Medicaid Disproportionate Share (DSH) payments, changes to Medicare DSH and sequestration will result in a reduction of $10.5 million for GHS in the new fiscal year. The impact of not expanding Medicaid in South Carolina is still unknown, as is the impact of the new health insurance exchange, which opens October 1.
Meanwhile, GHS like other healthcare systems nationwide continues to incur the costs of charity care and bad debt. A reflection of the overall economy, charity and bad debt are budgeted at approximately $458 million, an increase of 3.1 percent over the FY 2013 projection.