September 25, 2017 6:49 AM ET

Healthcare Providers and Services

Company Overview of Baystate Health, Inc.

Company Overview

Baystate Health, Inc. owns and operates a network of hospitals and medical centers that provides healthcare services in Western New England. The company offers services in the areas of acupuncture, alcohol and drug treatment, allergy, anesthesia, arthritis, bariatric surgery, behavioral health, bone density testing, CT scan, cancer, cardiac surgery, cardiology, child behavioral health, child psychiatry, dermatology, diabetes and endocrinology, emergency medicine, endocrine surgery, endocrinology, eye health, family planning, fertility, gastroenterology, general medicine, genetics, geriatrics, gynecologic oncology, hematology oncology, hip and knee replacement, home health care, hospice, hosp...

280 Chestnut Street

Springfield, MA 01199

United States

Founded in 1883

Phone:

413-794-0000

Fax:

413-784-8436

Key Executives for Baystate Health, Inc.

Chief Executive Officer, President and Trustee
President of Baystate Medical Practices and Chief Physician Executive
Chief Financial Officer, Senior Vice President of Baystate Health Community Hospitals and Treasurer
Chief Executive Officer of Health New England Inc and President of Health New England Inc
Chief Executive Officer of Baycare Health Partners
Compensation as of Fiscal Year 2017.

Baystate Health, Inc. Key Developments

Baystate Health, Inc. Presents at Premier Annual Breakthroughs Conference and Exhibitions 2017, Jun-27-2017 through Jun-30-2017

Baystate Health, Inc. Presents at Premier Annual Breakthroughs Conference and Exhibitions 2017, Jun-27-2017 through Jun-30-2017. Venue: Walter E. Washington Convention Center, 801 Mount Vernon Pl NW, Washington, DC 20001, United States. Presentation Date(s): Jun-28-2017. Jun-29-2017.

Baystate Health Promotes Jane Albert to Senior Vice President for Marketing, Communications and External Relations

Jane Albert has been promoted to senior vice president for marketing, communications and external relations at Baystate Health in Springfield. Albert will serve as a member of the President's Cabinet. The Longmeadow resident will oversee the functions of marketing and digital strategy, government and public relations, community relations and public health, communications, and philanthropy. Before joining the company, Albert served as vice president of advancement and marketing at Western New England College.

Baystate Health System to Lay Off Approximately 300 People to Deal with a Projected Budget Shortfall of $75 Million

Baystate Health System announced that it will lay off approximately 300 people to deal with a projected budget shortfall of $75 million. The reduction represents 2.4% of the health system's 12,500-person workforce, and will reduce the shortfall by $20 million. The company will still face a budget gap of $15 million after the layoffs are completed and other measures are implemented. The organization's budget shortfall has many causes, including dwindling reimbursements from Medicaid and a recent math error caused by Partners HealthCare, which will contribute to Baystate losing $23 million in Medicare reimbursements from the federal government. The hospital also expects increased spending on wages, benefits, pharmaceutical costs and malpractice insurance. The layoffs come a year after Baystate grew its health system, acquiring Wing Hospital in Palmer from UMass Memorial and acquiring Noble Health Network in Westfield. The acquisition of Wing resulted in the layoffs of approximately 30 people in November as the hospital worked to consolidate inpatient services.

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