Children’s Minnesota cited several reasons for the layoffs, including the financial hit from the COVID-19 pandemic, the need to increase operational efficiencies and the need to support an organizational redesign.
The layoffs affect about 3 percent of the health system’s workforce. In addition to the job cuts, Children’s Minnesota said that another 150 open positions will not be filled.
Affected employees will either end their employment Dec. 31 or March 31, according to a statement from Children’s Minnesota.
“Children’s Minnesota is committed to supporting these team members’ transitions in every way possible,” a statement from the system reads.
The notice comes after Children’s Minnesota warned last month it was eyeing “significant” layoffs and service consolidations due to mounting financial pressure from the pandemic, demographic shifts and policy changes.
More articles on healthcare finance:
New Hampshire health system files for bankruptcy
6 recent donations to hospitals, health systems
CHS records $112M profit, says it will sell 4 more hospitals by year-end
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.