Latest news with #RobertHaffey

Boston Globe

Financially strained Brockton Hospital and its parent cut 80 jobs and service lines

Signature said its financial pains are tied not only to the massive fire that shut down Brockton Hospital for more than a year, but also to inadequate Medicaid and Medicare payments that 'have not kept pace with the rising cost of care delivery.' Nearly 80% of Signature's revenue is tied to the federal insurance programs for low-income or disabled adults and for those over 65. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up The health care organization, which also owns a physician group, posted a $42 million operating loss in the first half of fiscal year 2025, according to the most recent state data. Brockton Hospital alone lost more than $34 million during that time. Advertisement 'These were extremely difficult decisions that were not made lightly,' Robert Haffey, president and CEO of Signature Healthcare, said in a statement. 'We are deeply grateful for the hard work and commitment of every member of our team.' Advertisement Haffrey's statement said the moves 'are necessary to ensure that we can continue delivering safe, high-quality, and compassionate care to the communities we serve.' Layoffs and unfilled job openings account for the workforce cuts, which did not include bedside positions, Signature vice president of marketing and development Beth MacNeill said. The cuts instead were directed at leadership and administrative positions. Signature will end its bariatric surgery services — a weight-loss procedure — in part because of the MacNeill said that, while Signature is monitoring the looming Medicaid cuts, which could cost Massachusetts providers $3.5 billion, they did not affect the decision to make these recent changes. 'We've been here almost 130 years and our goal is to be here for the long run,' MacNeill said. 'We recognize after the fire how much our community needs us and we need to make sure we're here for them.' Marin Wolf can be reached at