According to the Washington Business Journal, 25 managers have been laid off at Howard Hospital in Washignton, D.C., and there could be more employee cuts in the near future. The report says that although Paladin Healthcare Capital, who had took over daily operations at the facility, is addressing and fixing financial issues at Howard Hospital, it is also now hampering jobs.
From the Washington Business Journal, “In October, Howard announced it hired turnaround specialist Paladin Healthcare Capital to take over day-to-day operations to revive the financially ailing hospital. The deal represented a ray of hope for a key District hospital that was thrust into the spotlight last year when some Howard University leaders acknowledged the facility was dragging down the financial stability of the historically black university. Some called for an outright sale of the facility. It also represented the growing trend of private partnerships to help manage hospitals.”
“But that group was also charged with finding ways to make the hospital run more efficiently, and that now it’s impacting jobs,” the Journal reports.