Dallas-based Baylor Scott & White Well being, reportedly the biggest not-for-profit healthcare system in Texas, is shedding 102 finance and accounting staff.
The transfer is meant to assist in the system’s effort to cut back prices and reshape operations.
Though the system says it is retaining about two-thirds of its company finance division, the eradicated positions are getting outsourced to a third-party vendor in India, in keeping with The Dallas Morning News.
A portion of the impacted staff have been provided positions with the seller, a spokesperson for Baylor Scott & White Well being advised Healthcare Finance Information.
WHY THIS MATTERS
That is the second spherical of layoffs for the well being system for the reason that begin of the pandemic.
In Could, it laid off roughly 1,200 staff, or nearly 3% of its workforce, because of the monetary fallout attributable to the pandemic, in keeping with KBTX.
Along with the layoffs, it additionally briefly diminished the salaries of senior executives, modified its doctor compensation fashions, and furloughed an unspecified variety of staff.
These actions are a results of the system being extra intentional with its sources, a spokesperson mentioned in an announcement. It’s working so as to add extra medical care positions and has 2,000 open roles together with for docs, nurses, respiratory therapists, and extra.
THE LARGER TREND
Final yr, Baylor Scott & White Well being referred to as off a merger with Memorial Hermann in what would have been a $14 billion deal and would have shaped the biggest nonprofit well being system in Texas, with attain into 30 counties.
With the onset of COVID-19 inflicting the cancellation of elective surgical procedures within the spring, many healthcare organizations have been pressured to make cuts to their employees.
In April, the unemployment price hit a file excessive of 14.7%, the best for the reason that Nice Melancholy. Since then, the speed has made a restoration and sat at 6.7% in November, in keeping with the U.S. Bureau of Labor Statistics.
ON THE RECORD
“Core to our Mission — each at this time and sooner or later — is look after sufferers, and our system is constantly searching for methods to cut back prices and enhance our means to offer inexpensive and high quality healthcare for our sufferers and members,” Baylor Scott & White Well being mentioned by assertion. “As we proceed to reshape our operations for the long run, we’re being extra intentional in how we direct our sources to affected person and member care.”
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