Manchester, N.H.-based Catholic Medical Center has shared plans to cut 142 positions, including 54 layoffs, amid ongoing financial difficulties.
An April 18 letter to employees from CMC president and CEO Alex Walker, obtained by Becker's, detailed how the cuts would occur through the combination of the 54 staff eliminations, open position cuts, reduced hours, planned departures, and resource redeployment in satellite locations for CMC.
CMC comprises more than 3,000 employees and over 400 providers, according to its website.
The hospital has a five-star quality rating from CMS, but it is still facing financial challenges including increasing costs, changing demographics, changes in payer mix, and lower reimbursement rates, according to the letter.
"These reductions, paired with other cost-saving strategies and a concentrated effort on increasing volumes and revenue growth, will better position CMC for the future," Mr. Walker said.