New York health system cuts jobs after poor financial performance

Olean, N.Y.-based Upper Allegheny Health System laid off 31 employees from two hospitals on Feb. 19, according to the Olean Times Herald.

The health system laid off 16 employees from Olean General Hospital and 15 employees from Bradford (Pa.) Regional Medical Center. The affected employees represent about 2 percent of the hospitals' workforce, according to the report.

Upper Allegheny Health System, part of Buffalo, N.Y.-based Kaleida Health, made the cuts due to its financial performance in 2018. The system is expected to report a $5.1 million loss for last year, a spokesperson told the Olean Times Herald.

Access the full Olean Times Herald article here.

More articles on healthcare finance:

North Carolina hospital forced into bankruptcy
CHS' loss shrinks to $328M in Q4
Quorum Health shares sink to new low

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars