San Diego, California-based Sharp HealthCare, a not-for-profit regional health care group operating four acute care hospitals, three specialty hospitals, and three affiliated medical groups, has announced a 1.5% reduction in force.
The reduction will impact 315 employees.
According to a statement released by the company...
"The economic conditions in health care have dramatically changed over the last five years, and it has become increasingly clear that Sharp HealthCare is not immune to the related challenges. To navigate these changes and maintain Sharp’s position as San Diego’s health care leader for generations to come, the organization has made the extremely difficult decision to reduce its workforce. This includes the elimination of 315 employees (1.5% of the workforce) across all levels of the organization — including senior executive leadership — as well as reductions in hours and role adjustments for some positions. The vast majority of these positions are in nonclinical areas of the organization, resulting in minimal impact to direct patient care."
“Our employees are the heart of our organization, and we value each and every one of them. We do not make these decisions lightly nor without compassion for those impacted, and we are committed to supporting those affected during this challenging transition with career transition support, severance packages, extended health care coverage and other resources to assist them in continuing their careers.”
"This unfortunate, but necessary, action follows a lengthy and comprehensive market review and thorough analysis of key financial challenges facing Sharp and health systems nationwide. These include rising costs consistently outpacing revenues because of increasing labor costs; capital expenditures related to state-mandated seismic requirements; and inadequate reimbursement from Medicare, Medi-Cal and commercial payers."
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, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?
