Group Health Cooperative, a non-profit, consumer-owned health system based in Seattle, recently told its employees it would make budget cuts and layoffs in order to cut $250 million over the next 16 months, according to a Seattle Times report.
Richard Magnuson, Group Health's CFO and chief administrative officer, also said he would be resigning as part of the plan. Group Health CEO Scott Armstrong said a new CFO position will be created, and the position will only focus on finances, according to the report.
Group Health insures more than 629,000 people throughout Washington and has several clinics and medical centers. The report did not indicate how many jobs and positions would be cut.
Richard Magnuson, Group Health's CFO and chief administrative officer, also said he would be resigning as part of the plan. Group Health CEO Scott Armstrong said a new CFO position will be created, and the position will only focus on finances, according to the report.
Group Health insures more than 629,000 people throughout Washington and has several clinics and medical centers. The report did not indicate how many jobs and positions would be cut.
More Articles on Hospital Layoffs:
Northwest Community Healthcare in Illinois to Build 4 Outpatient Centers, Cut 110 Jobs
Marian Regional Medical Center in California Lays Off 18 CNAs
Community Memorial Health System in California Lays Off 31 Employees