LifePoint hospital lays off 55 employees

St. Francis Hospital, a 376-bed hospital in Columbus, Ga., operated by Brentwood, Tenn.-based LifePoint Health, is laying off 55 employees, according to the Ledger-Enquirer.

St. Francis CEO David Koontz told the Ledger-Enquirer the layoffs are part of the financial turnaround plan LifePoint has been helping the hospital implement.  

"We have been changing the supply chain, the processes, renewing contracts, and we have been improving our revenue cycle," he said. 

In addition to the layoffs, Mr. Koontz told the Ledger-Enquirer an undetermined number of hospital employees will have their hours reduced.

LifePoint acquired St. Francis in December 2015. As part of the transaction, LifePoint agreed to take on St. Francis' financial obligations, including paying off a loan from the U.S. Department of Housing and Urban Development. A 2015 audit report by HUD's Office of Inspector General found St. Francis owed $21.4 million for failure to comply with federal regulations and a regulatory agreement connected to the financing of an expansion project at the hospital.

More articles on leadership and management:

Providence Health & Services plans layoffs to cut costs
Broward's interim CEO holds degree from defunct diploma mill: Finding raises questions about board selection process, candidate qualifications
Word from the C-suite: 'To reform healthcare, we need more female leaders'

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

 

Featured Whitepapers

Featured Webinars