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April 27, 2017 12:00 AM

Brigham & Women's offers buyouts to 1,600 employees

Associated Press
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    One of Boston's most prestigious teaching hospitals is offering voluntary buyouts to 1,600 employees as a way to rein in costs during a period of uncertainty in the healthcare business.

    Brigham and Women's Hospital said Thursday the hospital is offering buyouts because expenses continue to rise and "constraints by government and payers" are keeping revenues flat, "negatively affecting" the hospital's finances.

    Hospital officials say layoffs are possible depending on how many people accept a buyout.

    Workers must be 60 or older to be eligible for the offer, which includes a year of base pay. Physicians, faculty, and research staff are excluded.

    Brigham and Women's, a 793-bed affiliate of Harvard Medical School, is a founding member of Partners HealthCare, the largest health network in Massachusetts. It employs about 16,000 people.

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    • Blogs
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      • HLTH 2024
      • Sponsored Content: Vital Signs Blog
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      • From the Editor
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        • Nominate/Eligibility
        • 100 Most Influential People
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      • Conferences
        • The 2030 Playbook Conference
        • Innovations in Patient Experience
        • Leading Women Conference & Awards Luncheon
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        • Workforce Summit
      • Galas
        • Best Places to Work Awards Gala
        • Diversity Leaders Gala
      • Virtual Briefings
        • - Looking Ahead to 2025
        • - Financial Growth
        • - Hospital of the Future
        • - Value Based Care
        • - Looking Ahead to 2026
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Sponsored Video Series - One on One
      • Sponsored Video Series - Checking In with Dan Peres
    • Data & Insights
      • Data & Insights Home
      • Hospital Financials
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