The job cuts are in response to a budget shortfall caused by lower Medicaid reimbursements, lower patient volumes and higher uncompensated care. In order to limit the number of involuntary layoffs, the hospital will set forth a voluntary layoff program that features severance, continuation of benefits (depending on seniority) and job search assistance, according to the report.
Not all employees who apply for a voluntary layoff will be allowed one.
Related Articles on Hospital Layoffs:
St. Francis Medical Center in New Jersey Lays Off 37 Employees
Oswego Health in New York Eliminates 28 Positions
Bluefield Regional Medical Center in West Virginia Announces 12 Layoffs
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
