Vermont psych hospital to cut 85 jobs, close 5 programs

Brattleboro Retreat, a psychiatric and addiction treatment hospital in Vermont, will implement a financial sustainability plan that includes layoffs for 85 workers and service terminations, according to the VT Digger. 

Advertisement

The hospital plans to end five programs by the end of the year, including its medication-assisted therapy for opioid addiction, an outpatient addiction management program and a pain management program. 

Due to the scaleback of programs, 85 workers will be laid off, the hospital said. Affected employees were given a 60-day notice on Oct. 23, according to the report. 

The hospital cut $8 million from its annual budget in an effort to shore up finances and prepare for long-term sustainability, the VT Digger reported. 

More articles on healthcare finance: 
New Hampshire health system files for bankruptcy
Hospitals fail to tell uninsured COVID-19 patients their bills are covered, NPR finds
Hospital groups urge Congress to further delay 2% Medicare payment cut

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.