PORTLAND, Maine - Franklin Memorial Hospital in Farmington is laying off about two dozen full time employees and consolidating some operations after facing $15 million in losses over the past five years.
In a press release, interim CEO Timothy Churchill says one of the major factors contributing to the Farmington hospital's financial losses are Medicare and Medicaid reimbursements that don't cover the full cost of care.
Franklin Memorial will eliminate one of its operating rooms and close an underused radiology office in Rangeley. The organization has also placed a wage freeze on staff.
Churchill says the hospital is a leader in community health, and the changes will put the hospital on sustainable footing for the future.
