Radnor, Pennsylvania-based Main Line Health, an integrated not-for-profit health system with four acute care hospitals, various clinics, and a home health delivery system, has announced a cost savings initiative that will result in a reduction in force.
The personnel adjustment will impact about 200 non-clinical employees, including those in management, information technology, finance, human resources, revenue cycle, and accounting.
The decision was driven by Medicare and Medicaid reimbursement rates that have not kept pace with rising costs.
According to a company statement, "While we are proud of our progress, we still face significant financial hurdles. We have made the very difficult decision to make structural changes that are primarily focused on updating our management structure. These changes will not impact our ability to provide safe, high quality and equitable care to our patients and the communities we serve."
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 or promises for 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, anytime, 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?