High Point, N.C.-based CHESS — a physician-managed healthcare services company — will let go 65 administrative staff members, the Triad Business Journal reported.
The layoffs are a result of changes to its largest client, High Point-based physician group Cornerstone Health Care. Cornerstone started and branched off CHESS before creating its own venture with Winston-Salem, N.C.-based Wake Forest Baptist Medical Center and Burlington, N.C.-based LabCorp. Wake Forest Baptist then purchased Cornerstone in May and the physician group began working as a business unit within the facility.
CHESS said a decrease in Cornerstone's physicians over the past 18 months, many leaving to join High Point-based UNC Regional Physicians, influenced layoffs, Triad Business Journal reported.
Wake Forest Baptist human resources staff is working to match affected employees with open positions at the medical center. The current size of CHESS post-layoff is unknown. CHESS said the layoffs will not affect other clients.