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Aug 16, 2011 10:48 AM by Lauren Wilson & AP

LSU Health Shreveport faces $12.8M shortfall

SHREVEPORT, La. (AP) - There won't be any raises - again - at the LSU medical, hospital and research complex in Shreveport.
LSU Health Shreveport says foregoing raises for a third year is among steps to deal with a $12.8 million budget shortfall.
The Times reports that the complex also must come up with nearly $9 million to cover the state share of employee health insurance and retirement costs.
A letter to the LSU Board of Supervisors says the Shreveport complex also will withhold stipend adjustments for medical school graduates performing residences at the hospital.
Without specifics, the letter also mentions "academic partnerships," "maximizing patient care capacity" and "reducing outmigration of local patients" as ways to increase revenue.
The board will vote on university, medical school and hospital system budgets Aug. 26.

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