The job eliminations are part of a strategy to cut 1,500 positions, unveiled in July. The decision came after Molina posted a $230 million loss in the quarter spanning April to June.
The most recent layoffs are in addition to the roughly 500 California layoffs Molina disclosed earlier this year.
More articles on payer issues:
Anthem’s year in review: 5 biggest stories from 2017
BCBS of Michigan faces backlash for billing therapists $4M in overpayments: 4 things to know
BCBS subsidiary to lay off 264 employees after losing 3-state Medicare contract
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
