Providence, Rhode Island-based Lifespan, a comprehensive operator of hospitals, medical clinics, laboratories, and other facilities has announced that its restructuring activities are proceeding according to plan to address a loss of $35 million in fiscal year 2019. Following 216 employees who have opted to accept early retirement, the company has decided to eliminate an additional 87 positions.
According to a company spokesperson, “Lifespan is “evaluating all aspects of our organization, identifying opportunities to become more efficient while continuing to prioritize our focus on patient care. Initial staff reduction efforts began at Lifespan corporate services this past week with the elimination of 87 positions. Fifty-five of those positions were filled, 24 were vacant and 8 corporate positions were eliminated as part of the early retirement. This represents approximately 5% of our corporate workforce. The early retirements are effective March 28. These restructuring efforts will continue systemwide throughout 2020 as we seek to find efficiencies and economies of scale while ensuring that care is protected at the bedside. We greatly value the contributions of all our staff and deeply regret the need for any job loss. We’re confident we have the right restructuring plan in place, and that by streamlining our operations, focusing on our core mission and our values, we’ll emerge strong and successful. The people of Lifespan do meaningful, life-changing work every day, and Rhode Island depends on us to continue to provide high quality, high-value health care. While our financial challenges began well before the COVID-19 virus outbreak, we are reminded by recent events of the unique, essential, and lifesaving role our doctors, nurses and all our health care providers play in caring for our community. Lifespan’s viability as an essential community asset requires financial stability to ensure we can continue as the state’s largest and most important health care system.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?