Bon Secours Mercy Health had accused an Elevance Health subsidiary of withholding nearly $100 million in reimbursements.

The insurer said the cuts represent slightly more than 3% of its workforce. 

Elevance is not obligated to pay Blue Cross Louisiana a $75 million "exit fee" because the companies remain committed to completing the deal, a spokesperson said.

"Every couple of years, there's a belief that there's going to be new technology that's going to solve everything," SCAN Group CEO Dr. Sachin Jain said.