It was just back in February of this year UMass announced 700 to
900 jobs would be cut so now the number gets a little higher. We still seem to have this big focus on games and entertainment when it comes to money and the healthcare system loses. In addition the hospital labs are up for sale and we have seen this with other hospitals. Part of the decrease in income is due to insurers sending patients to other facilities where the cost is less for a number of outpatient procedures. U-Mass is also categorized as a “safety’net” hospital, in other words the last place to go for many who have no insurance.
UMass Memorial Health Care Will Cut 700 to 900 Jobs And Will Sell Off Home Health Services–Pressure From Insurers Who Are Seeing Bigger Profits to Reduce Costs
The hospital expected to break even this year which is better than losing money. In addition the home health hospice division was recently old and that accounted for the loss of 144 jobs. BD
UMass Memorial Health Care is stepping up its restructuring efforts, telling employees Tuesday that it plans to pare another 140 full-time jobs at its flagship hospital in Worcester.
In a letter to the system’s 13,200 employees, chief executive John G. O’Brien blamed declines in health insurance payments and the number of patients it treats. He said the latest cuts will come on top of about the 150 positions that have been eliminated at UMass Memorial Medical Center in Worcester since February. The system also operates four community hospitals in central Massachusetts.
http://www.boston.com/businessupdates/2012/09/25/umass-memorial-medical-center-away-with-another-full-time-jobs/tk5YphCNQJ4nXYg75Fe0xI/story.html
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