Laconia, N.H.-based LRGHealthcare said it will lay off approximately 58 employees.
Here are four things to know about the layoffs.
1. In announcing the layoffs, LRGHealthcare cited ongoing challenges from changes in the healthcare industry and subsequent financial challenges.
LRGHealthcare said it has been compelled to review its operations to meet the shifting emphasis from hospital admissions to outpatient care, and value-based population health changes in the market brought about by the Affordable Care Act.
"With increased patient volumes coupled with higher costs, and generally lower reimbursements than we historically received, our challenge is to staff our campuses in line with these changes," Seth Warren, LRGHealthcare president and CEO said in a prepared statement.
2. The layoffs will affect less than 4 percent of the organization's workforce.
3. LRGHealthcare said human resources will work closely with all affected staff in connecting them with outreach support from NH Employment Security and the Employee Assistance Program as well as reviewing current openings within LRGHealthcare for potential placement.
4. The layoffs come the same month LRGHealthcare announced Mr. Warren's resignation, and as the hospital has started working with consultant group Prism Healthcare Partners at the beginning of the year to look for better cost efficiency.
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