LITTLE ROCK - Baptist Health will cut 170 positions across the state.
The company made the announcement Tuesday afternoon, blaming a drop in government re-imbursement, "burdensome" government regulations and supply costs among other reasons for the job cuts.
Below is the company's full statement:"To ensure Baptist Health's continued success and our long term ability to sustain our Mission, we are undertaking a number of initiatives that will position our organization to address the challenges of health reform and severe federal budget cuts."Baptist Health has worked to reduce non salary expenses, gain efficiencies in all aspects of operations through consolidation of services and simplification of processes, and will eliminate approximately 170 positions or less than 2.5% of our workforce across our organization."These restructuring initiatives will not impact the quality of clinical patient care that Baptist Health achieves on a daily basis and they are consistent with actions other hospitals have taken."In a difficult and challenging environment of substantially less government reimbursement, burdensome government regulations, rapidly rising costs of supplies, increasing charity care and bad debt, and the need for technology and medical innovations, we believe these efforts will serve to make Baptist Health more effective."As the states leading, Arkansas owned, not for profit, faith based health care organization, we are committed to remaining the leader when it comes to providing comprehensive services and being a safety net that provides health care services for all Arkansans."