Here are five things to know:
1. During the six-month period ending March 31, the health system suffered a series of losses. Emergency visits plummeted 0.9 percent and ASC visits fell 4.5 percent.
2. Lahey Health had operating losses totaling $37.3 million for the period, substantially more than the $3.8 million in operating losses for the same period of 2016.
3. The layoffs’ timing coincides with the health system’s planned merger with Boston-based Beth Israel Deaconess Medical Center. A Lahey spokesperson said the job cuts have “nothing to do with the planned affiliation.” The spokesperson attributed the layoffs to the “challenging healthcare environment.”
4. Administrative and management positions will comprise the bulk of the job cuts.
5. Lahey Health employs nearly 14,500 individuals.
More articles on surgery center:
Montana health system partners with USPI on ASC: 5 key points
5 recent ASC acquisitions and partnerships — September 2017
Sentara closing medical center, ASC in Kitty Hawk — 6 key notes
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.