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"Maine Medical Center will offer early retirements to 400 employees as it finishes the financial year.Maine Medical Center's President and Chief Executive Officer Officer Richard W. Peterson made the announcement in a letter to employees on Friday.\"We're going to offer incentives for voluntary early retirements for about 400 people across Maine Medical Center,\" Petersen said.More information about the retirements will be available next week. Peterson said in the letter that 60 percent of Maine Medical Center's expense base comes from compensation and benefits.Although the state has agreed to pay Maine Medical Center $67 million in MaineCare underpayments, he said the hospital also has a $15 million gap from free care costs and bad debt charges.John Lamb, communications manager for Maine Medical Center, refused additional comment, saying the letter stands for itself."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.wmtw.com/article/maine-medical-center-offers-buyouts-to-400-employees/1996498>