Catholic Health freezes hiring as losses mount

Buffalo, N.Y.-based Catholic Health has implemented a hiring freeze after posting an operating deficit of $16 million, according to Buffalo Business First.

Advertisement

Employees were notified this week that the system will halt all hiring except for approved clinical positions. 

Catholic Health’s CEO Mark Sullivan said the hiring freeze is just one of the system’s initiatives to ensure “course correction” without affecting patient care, the publication reported.

It is unclear how long the freeze will remain in place. 

Catholic Health reported a negative operating margin of 2.7 percent and expected a $2.4 million surplus through the first half of 2019. In the first half of 2018, the system saw earnings of $13.1 million. 

Mr. Sullivan attributed the loss to declining reimbursements and changes in admissions, according to the report. 

The publication reported that the system recently sought to fill 350 open positions, including nurses, physicians, social workers and dietary staff. 

Catholic Health has five hospital campuses, a long-term care site, a home care division and outpatient sites.

More articles on healthcare finance:

Hospitals win challenge to site-neutral pay cuts
10 hospitals seeking CFOs
Financial updates from Kaiser, Cleveland Clinic, Mayo + 10 other systems

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.