System's pension-plan consolidation pays off.
A couple of years after Daughters of Charity National Health System merged its 54 pension plans into one fund, the payback is proving the arduous process was worthwhile. An in-house study shows the 36-hospital system's consolidated fund is saving almost $2 million per year in administrative expenses, including reduced insurance premiums and managers fees. Experts see a growing trend of consolidation.
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D002497:Centralized Hospital Services; D016519:Hospitals, Religious / Q000458:organization & administration*; D009096:Multi-Institutional Systems / Q000458:organization & administration*; D010415:Pensions; D014481:United States