All About Ann Arbor Health care system projected to lose up to $230 million by June 30 Aerial view of the Michigan Medicine campus in Ann Arbor. (Michigan Medicine)
ANN ARBOR – Michigan Medicine has announced a series of cost-saving measures as it faces losses of up to $230 million by the end of the fiscal year ending June 30.
With more financial losses expected to continue into fiscal year 2021, the health care system has announced an economic recovery plan that includes furloughs and layoffs of roughly 1,400 full-time employees, organizational restructuring and salary reductions for its leaders — all in addition to a hiring freeze under which 300 current positions will remain vacant.
Other cost-saving measures include the suspension of employer