Lahey Health lays off 75 employees as ASC visits plummet 4.5% — 5 things to know

To truncate expenses, Burlington, Mass.-based Lahey Health is laying off nearly 75 employees, according to America Closed.

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.

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