Hospital is on the verge of bankruptcy
Environmental Service Aide (Former Employee) – Iowa City, IA – January 14, 2018
Mercy Iowa City has a line of credit with US bank (read Moody's most recent report) that expires 8/2018. If it isn't renewed, the hospital will no longer be able to operate at a two million dollar a month loss, as it has over the past few years. Moody's downgraded Mercy's bond rating in 2017 to BAA1, based on this, as well as continued poor performance compared to its peers, and a dangerously under-funded pension fund (which new employees no longer have access to). Experienced employees are leaving in droves as they seek better job security and a less-toxic work environment, and being replaced with inexperienced new-comers, putting Mercy's reputation for quality healthcare in serious jeopardy. All of these factors have created a downward spiral that it appears Mercy will be unable to break free of.
Decent pay and benefits (at least historically)
Toxic work environment, zero job security, poorly managed, employee brain-drain