Trios to lay off 9 employees in latest cost-cutting move

Kennewick, Wash.-based Trios Health said it will lay off nine employees, effective Jan. 19.

The layoffs include nonpatient and patient care departments, according to the Tri-Cities Area Journal of Business.

They come as the public health system works to improve its financial picture amid reduced reimbursements and declining patient volumes. Trios Health cut 95 full-time equivalent positions as of April 1 through attrition, scheduling and work hour changes, voluntary layoffs, and involuntary layoffs. Approximately two months later, the organization filed for Chapter 9 bankruptcy so it could restructure debt while continuing operations. Additionally, Trios Health has suspended raises for employees since September, according to the report.

Trios Health had anticipated another 20 layoffs earlier this month, but that number was reduced to nine as of Jan. 12.

Overall, the health system is projected to save $4.6 million through its workforce productivity efforts.  

In the meantime, Trios Health plans to name an interim CFO on Jan. 22, as part of the organization's contract with Brentwood, Tenn.-based consulting firm Quorum Health Resources, according to the report. The interim CFO will take over for CFO Tony Sudduth, who is leaving Trios Health in February for a new job opportunity with a startup corporation in Florida.  

According to the Tri-Cities Area Journal of Business, Trios Health also deployed new productivity software to better manage employees, and is looking at a potential relationship with Brentwood, Tenn.-based for-profit hospital operator RCCH HealthCare Partners and Seattle-based UW Medicine.

 

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