Catholic Health offers buyouts to employees amid declining revenue

Buffalo, N.Y.-based Catholic Health has offered buyouts to some of its nonclinical employees amid cost-cutting attempts and declining revenue, according to The Buffalo News.

The buyouts are "part of a series of measures, [such as investing in medical records technology], designed to right-size the organization and improve operational efficiencies without compromising patient care," the health system told the newspaper.

The health system said a "small number" of nonclinical employees were offered buyouts, but declined to be more specific. The system also would not tell The Buffalo News whether layoffs are possible if enough employees don't accept the offers.

The buyouts mark the latest efforts the health system has made amid declining reimbursements. Last month, Catholic Health announced a hiring freeze after posting an operating deficit of $16 million.

 

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