Job cuts in healthcare are hardly rare these days, but St. Vincent Health's newly announced layoffs in Indiana will certainly grab some eyeballs.
St. Vincent, a Roman Catholic provider and part of St. Louis-based Ascension Health Alliance, announced it would cut 865 jobs, according to the Indianapolis Business Journal.
The cuts represent a 5% reduction in labor costs for St. Vincent's 13 hospitals and other facilities across 14 cities in Indiana, according to the Business Journal. Officials at St. Vincent, which employs 18,000 in Indiana, hinted at the cuts in May. Their reasoning for the mass firings rings familiar. They blamed costs associated with the Patient Protection and Affordable Care Act and decreased revenue due to Congress' automatic budget cuts which went into effect on March 1.