The 226 reductions this year began at the executive level, with 13 manager positions terminated in March.
“These actions are a reflection of our ongoing and necessary initiatives to address and overcome the economic challenges facing both our system and the healthcare industry as a whole,” a spokesperson for the system said in a statement. “We are confident they will result in Independence Health System maintaining its position as one of the premier providers of care in Western Pennsylvania.”
The layoffs come on the back of theIndependence Health’s multi-notch credit rating downgrade from Fitch Ratings, falling from “A” to “BBB.” The system told the Eagle that it remains focused on increasing revenue, efficiencies and effectiveness across the enterprise.
Independence Health was formed Jan. 1 after Butler (Pa.) Health System and Greensburg-based Excela Health became one. The system operates five hospitals and employs about 7,200 people, including more than 1,000 physicians.
Independence Health did not immediately respond to Becker’s request for comment.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
