The good news is the nurses and other employees of Jackson Health System got to keep their jobs, but it's always a good idea to read the fine print.
Revisions to the four union contracts will result in significant pay cuts for more than 10,000 employees, according to the Miami Herald.
The move would save about $62 million annually for the struggling healthcare provider and would save jobs, at least for this fiscal year. The deal still has to be approved by the Miami-Dade County Commission, which is keeping a close eye on things at Jackson.
Since Jackson announced it was having a difficult time paying its bills, officials have been scrambling to find a way to make ends meet. CEO Eneida Roldan has suggested closing hospitals and laying off thousands of employees in an effort to get some help from somewhere.
The county finally stepped up and offered to front $67 million to keep the hospital running in the short term. Roldan claims a new accounting and billing system could solve the problem.
But for now, it's Jackson's employees, who are used to performing life-saving feats, bearing the burden of keeping the hospital system off life support.
