In an effort to save $10 million and stay afloat as costs rise faster than revenues, Boston-based Brigham and Women’s Hospital, part of Partners HealthCare, intends to cut 100 positions, hospital officials said, according to The Boston Globe.
Here are six things to know about the cuts.
1. Only non-patient facing jobs will be affected. Hospital officials confirmed physicians, nurses and other staff who work directly with patients will not be laid off, according to the report.
2. The workforce reduction includes layoffs and unfilled vacant positions, and represents less than 1 percent of the Brigham and Women’s workforce of 18,000.
3. Jobs will be cut over the course of several months.
4. The cuts are a cost-saving measure. According to the report, Brigham and Women’s made $152 million in profit last year on $2.5 billion in revenue. However, Ron M. Walls, MD, COO of the hospital, said costs are rising 3 percent to 4 percent, while revenues are rising only 1 percent, the report notes. Therefore, the hospital is looking for ways “to increase efficiencies across our organization, identify new revenue opportunities and reduce our labor-related costs,” Dr. Walls said in a statement, according to The Boston Globe.
5. Brigham and Women’s has also frozen hiring for non-patient care positions. “We have implemented a hiring pause and are conducting a thoughtful and detailed review of all vacant positions, temporary positions and newly created positions,” said Dr. Walls, according to The Boston Globe.
6. Although cuts are planned, hospital officials said next year they may add clinical jobs, such as physicians and nurses, according to the report.