Winston-Salem, N.C.-based Novant Health plans to lay off up to 400 employees systemwide, according to a Winston-Salem Journal report.
Here are five things to know about the planned layoffs.
1. The layoffs are part of a reorganization initiative launched last year. The system called it "an operational balancing of our workforce."
2. The changes were necessary because of "declining reimbursements and many other challenges facing the healthcare industry today," Novant said, according to the report.
3. Novant plans to spend 45 days working with impacted individuals to match them to open positions within the organization. According to the report, Novant said they are recruiting for more than 1,000 open positions as some new jobs are created and other processes are streamlined and standardized. For example, according to Novant, the system is adding nurses in many areas and making changes to manage fluctuating patient volumes.
4. "Once the reassignment process is over, we anticipate about 2 percent of our workforce will need to find roles outside of the system, or up to 400 people," the system said, according to the report.
5. The system did not breakdown the workforce reduction by market. Novant manages Forsyth Medical Center in Winston-Salem, Clemmons (N.C.) Medical Center, Kernersville (N.C.) Medical Center and Thomasville (N.C.) Medical Center, as well as 10 other hospitals or emergency rooms in North Carolina, South Carolina, Georgia and Virginia. The system has 25,000 employees.
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