Baylor Scott & White Health CEO Jim Hinton announced via video message that the state’s largest health system would be laying off around 1,200 employees, The Dallas Morning News reports.
“We experienced a dramatic drop in patient volumes—between 50 percent and 90 percent, depending upon where they sought care,” Baylor CEO Jim Hinton said in the message.
Most frontline healthcare workers will not be impacted as the system prepares for the return of patients. Leadership are also experiencing a salary cut, DMN reports. Hinton and President Peter McCanna will have their salaries cut by 25 percent, and 260 other executives will have their pay temporarily reduced by 10 to 20 percent.
Dallas-based BSW reported $10 billion in revenue and $725 in operating income while having $5 billion in cash as of March 31, financial reports say. The nonprofit health system employs 43,000 people between central and North Texas, operating 50 hospitals and 200 outpatient facilities.
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