Hartford Healthcare announced Wednesday afternoon it would lay off 418 staff members to deal with Medicaid cuts in the new state budget.
The five-hospital system plans on eliminating the equivalent of 335 full-time positions, impacting 418 staff members. Hartford Healthcare employs more than 18,000.
Hartford Healthcare also said it plans to spend $40 million less for products and services.
Jeffrey A. Flaks, the Hartford Healthcare executive vice president and chief operating officer, said the cuts are the result of $100 million in Medicaid payment reductions state government has made in the past five years.
Flaks said the cuts are important to keep the system and its new initiatives financially viable, including the recently opened Hartford Healthcare Cancer Institute facility at The Hospital of Central Connecticut.
