Baystate Health plans layoffs to close $75M budget gap

Published: 8/12/2016 9:59:35 PM

SPRINGFIELD — The parent company of Springfield’s Baystate Medical Center plans to cut about 300 jobs amid a budget shortfall.

Baystate Health sent a memo to employees on Friday announcing that it will make the cuts in coming weeks to help close a $75 million budget gap for the upcoming fiscal year. Most of the cuts are expected to come from the company’s Springfield locations and will target non-clinical jobs, such as management positions.

The company employs 12,500 workers at more than 60 medical facilities in Massachusetts, including Baystate Children’s Hospital and Baystate Franklin Medical Center in Greenfield.

CEO Mark Keroack said in the memo that the budget gap is caused primarily by shortfalls in reimbursements for providing Medicaid services. He says the company will preserve the quality of its health care.


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