Amid rising healthcare costs and anticipated changes to federal policy, Brown University Health is projecting a $64 million financial deficit for the fiscal year 2027 based on its target operating margin, according to a press release from earlier this month.
Brown Health — Rhode Island’s largest hospital operator — plans to implement cost-cutting measures, including a voluntary buyout program for approximately 200 supervisors, managers and directors who are at least 60 years old and have worked for the organization for at least five years. The hospital system also completed an executive restructuring in September that eliminated or consolidated several senior leadership positions.
Brown Health attributed its financial pressures to rising pharmaceutical, labor and supply costs…