Rockville Centre, N.Y.-based Catholic Health confirmed May 15 that the system laid off approximately 1% of its employees amid today’s industry challenges.
“To navigate the unprecedented challenges facing healthcare, we’ve implemented a plan to reduce expenses while continuing to invest in our future growth,” Catholic Health President and CEO Patrick O’Shaughnessy, DO, said in a statement shared with Becker’s. “As part of this effort, difficult decisions were made to reduce the workforce at various Catholic Health facilities, while providing affected employees with comprehensive support.”
The reductions affected approximately 1% of the health system’s more than 17,000 employees. Catholic Health declined to provide an exact number of those affected or the specific positions affected.
“Our commitment to providing exceptional patient care remains unchanged throughout this process,” Dr. O’Shaughnessy said.
Catholic Health’s 2024 Annual Report stated that the system operates six acute care hospitals, in addition to four Cancer Institute locations, 14 outpatient rehabilitation locations, 22 multispecialty ambulatory care locations, a hospice and a home health service. Its net revenue is listed at $3.4 billion.
The system’s audited financial statements show $3.48 million in operating losses in 2024, following $61.33 million in operating income in 2023, Newsday reported May 15.
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