AM I NEXT? NO LOVE AT PROMEDICA (UPDATED)

Am I Next? ProMedica layoff - 100 employees.

UPDATE: APRIL 17, 2019 - ANOTHER REDUCTION IN FORCE

ProMedica has confirmed that it is planning another reduction in force. This time, another 100 employees will be involved. According to the company, some workers have been offered, and taken, buy-outs.

President and CEO Randy Oostra, noted…

“This week, ProMedica experienced a small workforce reduction that affected a fraction of a percent of its workforce. The reduction was related to the reorganization of some operational functions across our system.”

“Healthcare market trends, such as rising costs, declining reimbursements, and the accelerating movement of care from inpatient to outpatient locations, challenges our organization to be proactive in identifying ways to transform our organization while providing compassionate care and superior service to our patients,”

Like most healthcare companies that live or die on patient volume and insurer reminbursements, ProMedcia is waiting for the next shoe to drop — changes in the Affordable Care Act, Trump Administration Edition. (h/t reader go4smith)

Original Post…

Healthcare provider, Toledo, Ohio-based ProMedica, has announced that it  laid off approximately 100 employees this week and left another 60 positions unfilled. According to Randy Oostra, ProMedica CEO the decision to cut staff was conditioned on decreasing reimbursement rates and rising operational costs.

In an official statement, ProMedica spokesperson Karen Strauss noted “The healthcare industry continues to face a series of challenges, including decreasing reimbursement rates for services and rising operational costs. To adapt, health systems around the country have had to make tough financial decisions.

ProMedica has worked diligently to improve efficiencies and reduce costs across the organization, and we have made great progress. Unfortunately, like so many other health systems, it has not been enough given the current healthcare environment. As a result, and after a rigorous and thoughtful review, we have made the tough decision to reduce our workforce to address and respond to these external factors. Approximately 100 employees were notified this week of their positions being eliminated — the majority of those positions being in leadership roles and corporate functions. In addition, 60 non-direct patient care positions that were vacant will not be filled.”

Are you wondering, Am I Next?