MARCH 16, 2021 — 145 LAYOFFS IN ROUND ROCK AND AUSTIN, TEXAS
The company has announced 145 layoffs, 83 employees in Round Rock, Texas, and 62 employees in Austin, Texas at SHA, LLC.
According to a company spokesperson, "To make an even greater investment in frontline care, Baylor Scott & White is announcing a change in how it operates certain non-patient corporate services.”
JANUARY 28, 2021 — 1,700 EMPLOYEES TARGETED FOR OUTSOURCING OR LAYOFF
Baylor Scott & White Health has announced a major outsourcing effort as part of its continuing reorganization and cost-cutting program. 1,700 employees will be impacted.
According to a company statement, “To make an even greater investment in frontline care, we are sharing a plan to begin contracting a portion of services currently performed by five departments. These back-office functions, while important to our operations, can often be provided at a lower cost if we partner with best-in-class providers.”
“Nearly two-thirds of the involved employees will transition to work for the new service providers, doing a similar job they do today, but for a new company.”
Affected workers will be transferred to partner companies that specialize in information technology, billing and revenue management, and other support services. About 600 to 650 positions will be eliminated.
DECEMBER 21, 2020 — Original Post
Dallas, Texas-based Baylor Scott & White Health, a regional healthcare provider, has announced that it will outsource certain financial operations to India. The decision to outsource domestic positions to a third-party vendor in India will impact 102 financial workers.
This is in addition to the 1,200 employees laid off in June 2020 along with salary cuts in managerial and executive positions.
The restructuring decision to reduce operating costs, improve efficiencies, and redeploy assets into crucial programs was driven by significantly declining patient volumes and insurance reimbursement rates.
According to Baylor President Peter McCanna, We’ve got to find ways to become more efficient. Can we find efficiencies in things like administrative services and make that work for us?”
"Cutting costs in non-core areas, such as financial reporting and accounting, will help pay for future growth. It’s fairly common for large companies to outsource part of that work. Expect us to continue to redesign what we do to transform this organization, but that doesn’t mean we’re going to have fewer people. We actually expect to be larger and have more people working for Baylor Scott & White, providing care to more patients.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?