The health system confirmed the job cuts in a statement shared with Becker’s on May 11. It did not say how many jobs would be cut or which positions would be affected.
“This is not a decision we take lightly,” Community Health Network said. “It is an unfortunate and necessary step to remain a trusted healthcare system fulfilling our mission of enhancing the health and well-being of the communities we serve.”
The health system attributed the move to various factors, including shrinking reimbursements coupled with the rising costs of labor, pharmaceuticals and supplies. It also said a new state law that establishes a healthcare cost oversight task force, signed last week by Gov. Eric Holcomb, and others being considered at the state and federal levels “challenge our financial future.”
Last year, Community Health Network lost $161 million on investments and operations, according to the Indiana Business Journal.
The health system said the organizational changes will occur over time and focus on “reducing redundancies and improving efficiencies.”
Community Health Network is an organization with more than 200 care sites and affiliates throughout Central Indiana, according to its website.
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.