Major Boston Teaching Hospital Offering Buyouts To 1,600

BOSTON (AP) — One of Boston’s most prestigious teaching hospitals is offering voluntary buyouts to 1,600 employees as a way to rein in costs during a period of uncertainty in the health care business.

Brigham and Women’s Hospital said Thursday the hospital is offering buyouts because expenses continue to rise and “constraints by government and payers” are keeping revenues flat, “negatively affecting” the hospital’s finances.

Hospital officials say layoffs are possible depending on how many people accept a buyout.

Workers must be 60 or older to be eligible for the offer, which includes a year of base pay. Physicians, faculty, and research staff are excluded.

Brigham and Women’s, a 793-bed affiliate of Harvard Medical School, is a founding member of Partners HealthCare, the largest health network in Massachusetts. It employs about 16,000 people.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Opioid Crisis
Download Our App

Watch & Listen LIVE