The state’s largest hospital operator is offering buyouts to 200 non-clinical supervisors and laying off 10 executives amid financial pressures.
Brown University Health announced a series of cost-cutting measures on Thursday, the first day of its new fiscal year. Like healthcare providers nationwide, the hospital conglomerate is struggling against rising costs, a function of market pressures and federal budget cuts under H.R. 1.
“Healthcare organizations across the country continue to face significant financial pressures, and Brown Health is no exception,” John Fernandez, president and CEO of Brown University Health, said in a statement. “Rising pharmaceutical, labor and supply costs, combined with increasing levels of uncompensated care, insurer denials and bad debt, are creating unprecedented challenges. The actions we’re taking will help strengthen our financial foundation while protecting access to care and supporting future growth.”…