Tuesday, August 16, 2011

Baystate Health Laying Off 354 Staff

Baystate Health plans to eliminate 354 jobs in Springfield, Mass., on Aug. 19, 2011, or about 3.5% of its total workforce.

Baystate and other hospital in Massachusetts are faced with deep cuts in Medicaid, which is responsible for insuring low-income patients.  The health system lost an estimated $26.5 million last year because of underfunding of Medicaid.

Baystate Health is a not-for-profit health care system headquartered in Springfield, Massachusetts, serving Western Massachusetts and the Knowledge Corridor Region of Massachusetts and Connecticut.  The system has 4 hospitals, over 80 medical practices, and 25 reference laboratories.  With 10,000 employees including 1,600 physicians, Baystate Health is one of Massachusetts' largest employers.

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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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