Here are three things to know about the layoffs.
1. The changes are part of BCBS of Michigan’s three-year plan, unveiled in 2015, to cut $300 million in costs by 2018.
2. Ms. Stojic told Becker’s, “This effort is in keeping with the company’s commitment to examine its business processes on a continuous basis to determine if they are as cost-effective, competitive, innovative and efficient as possible.”
3. The most recent layoffs represent 1 percent of BCBS of Michigan’s 7,600-plus employees. Crain’s Detroit Business, which has tracked layoffs related to BCBS of Michigan’s cost-cutting plan since January 2016, placed the total at 120.
More articles on payer issues:
The big healthcare stories of 2017: ACA disruption and the patient becomes the new payer
Cleveland Clinic, Oscar enroll 11k in joint health plan for 2018: 3 things to know
6 payers in the headlines
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
