Ascension Layoffs 2022 (2024)

1. How Ascension Serves Our Communities

  • For the fiscal year ended June 30, 2022, Ascension sustained an operating loss of nearly $900 million. These challenges have continued into FY23, with an ...

  • How Ascension Serves Our Communities

How Ascension Serves Our Communities

2. Ascension Wisconsin holding job fair to recruit while some criticize past ...

  • Mar 26, 2024 · But others point to recent layoffs and closures by Ascension ... 2022. "To some extent, the staffing crisis is manufactured," Wisconsin ...

  • MILWAUKEE (CBS 58) – As one Wisconsin health care provider is hoping to recruit employees, some are criticizing the cuts and closures they have made in the past."As we know, due to the pandemic, we've had

Ascension Wisconsin holding job fair to recruit while some criticize past ...

3. How Ascension is paring down amid $3B loss

How Ascension is paring down amid $3B loss

4. Ascension selling spree continues - Becker's Hospital Review

  • Jun 25, 2024 · UPMC to lay off around 1,000 employees · From ... Ascension sold certain assets from its outreach laboratory business to Labcorp in 2022.

  • Ascension's turnaround strategy includes offloading assets and improving financial performance through several strategic transactions.

Ascension selling spree continues - Becker's Hospital Review

5. Ascension will outsource Illinois hospitalist functions to PE-backed ...

  • Mar 26, 2024 · Ascension will outsource Illinois hospitalist roles to private equity-backed staffing firm SCP Health beginning June 1, a spokesperson for the ...

  • Beginning June 1, the Catholic health system will cede responsibility of hospitalist functions to staffing firm SCP Health.

Ascension will outsource Illinois hospitalist functions to PE-backed ...

6. Mass layoffs in US healthcare industry carried out to maximize profits

  • Feb 12, 2024 · According to a report by Challenger, Gray & Christmas, the healthcare sector laid off 58,560 jobs in 2023, a 91 percent increase over 2022.

  • The assault on jobs has impacted every industry, including the healthcare sector, which suffered nearly 60,000 job cuts in 2023.

Mass layoffs in US healthcare industry carried out to maximize profits

7. How a Sprawling Hospital Chain Ignited Its Own Staffing Crisis

  • Dec 16, 2022 · Unlike some rivals, Ascension avoided layoffs early in the pandemic, and Mr. ... In January 2022, as the Omicron wave pummeled the Chicago ...

  • Ascension, one of the country’s largest health systems, spent years cutting jobs, leaving it flat-footed when the pandemic hit.

How a Sprawling Hospital Chain Ignited Its Own Staffing Crisis

8. CommonSpirit lays off 2K, reports $1.4B operating loss | Healthcare Dive

  • Sep 25, 2023 · The Catholic health system disclosed it had laid off approximately 2,000 full-time positions during the fourth quarter. Impacted roles were ...

  • The Catholic health system reported another round of layoffs, this time affecting ancillary, support and overhead positions.

CommonSpirit lays off 2K, reports $1.4B operating loss | Healthcare Dive

9. MyMichigan Health acquiring ascension hospitals Saginaw ...

  • Mar 28, 2024 · ... job cuts, hospital closures and poorer quality of care when ... In 2022, Beaumont Health and Spectrum Health came together to create ...

  • The deal, like Ascension's earlier agreement with Henry Ford Health, will face state and federal scrutiny.

MyMichigan Health acquiring ascension hospitals Saginaw ...

10. Ascension: Healthcare

  • At Ascension, we listen and provide healthcare that's right for you. Find a doctor, access your patient portal, pay your bill, or search for a job.

  • Ascension is one of the nation’s leading non-profit and Catholic health systems, with a Mission of delivering compassionate, personalized care to all with special attention to persons living in poverty and those most vulnerable.

Ascension: Healthcare

11. Murphy's Law: The Vast Wealth of Ascension Health - Urban Milwaukee

  • Jan 11, 2023 · Huge executive salaries, billions in cash and investments, yet cutting services at hospitals.

  • Huge executive salaries, billions in cash and investments, yet cutting services at hospitals.

Murphy's Law: The Vast Wealth of Ascension Health - Urban Milwaukee
Ascension Layoffs 2022 (2024)

FAQs

Are hospitals laying off? ›

Oakland-based Kaiser Foundation Hospitals is laying off 76 employees in California. Sacramento-based UC Davis Health is eliminating 150 positions, prompted by an increase in expenses. Modesto-based Stanislaus Surgical Hospital is laying off 191 employees amid a decision from CMS to end its Medicare contract.

How much money did Ascension make in q2? ›

Ascension's net income for the second fiscal quarter, including both operating and nonoperating items, was $359 million which represents a $708 million turnaround from the same period in the prior year.

Who is laying off in 2024? ›

Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.

Why are hospitals closing in the US? ›

A primary driver of these closures is financial instability, often rooted in low patient volumes and high operational costs. Rural hospitals typically serve smaller populations with a higher proportion of uninsured and underinsured patients, leading to significant financial strain.

Is Ascension Health in financial trouble? ›

Ascension wraps the year with $2.7B loss thanks to higher expenses, one-time impairment loss. Ascension closed out its 2023 fiscal year with a $2.66 billion net loss, according to financial disclosures for the period ended June 30.

Is Ascension selling off hospitals? ›

Ascension has lost almost $4 billion on operations from fiscal 2020 through fiscal 2023, triggering deals to offload almost 30 hospitals.

How much did the CEO of Ascension make? ›

For example, the CEO at Ascension Healthcare based in St. Louis, Missouri made $13 million in 2021 – with three-year pay exceeding $22 million. Furthermore, American life expectancy during this period sharply declined by a staggering 2.5 years from 2019 through 2022.

Why are health systems dropping their IT teams? ›

Tom Andriola, vice chancellor for information, technology and data and chief digital officer at UC Irvine (Calif.), said the moves reflect the pressure on margins at health systems mixed with the increased demand on CIOs for the latest digital and data solutions.

Are hospitals running out of beds? ›

Hospitals across the country running out of beds, reducing surgeries amid latest COVID surge | Fierce Healthcare.

Why are there so many layoffs in pharma? ›

Several large companies, including Johnson & Johnson and Sanofi, have experienced layoffs in the wake of disappointing clinical trial results or the discontinuation of drug development programs.

Is Marshfield Clinic laying off employees? ›

Marshfield Clinic Health System laying off hundreds of furloughed employees. Months after furloughing hundreds of its employees, Marshfield Clinic Health System has informed many of those workers that they will be terminated “in early May,” a spokesperson of the 11-hospital organization confirmed.

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