Rothman Orthopaedic Institute will lay off 5% of its workforce, a spokesperson for the Philadelphia-based practice told Becker's.
The move comes as Rothman "continues to navigate the challenges and opportunities of a post-pandemic healthcare environment. Inflation, healthcare labor, and other costs of providing medical care are growing faster than reimbursement for healthcare services," according to a Jan. 9 statement. The layoff process started Jan. 8.
"After reviewing the market, it became clear that we need to shift resources where they appropriately align with our strategic vision of enhancing the patient experience," the statement said. "When market forces improve, we will be in a better position to grow our increasingly unique model. We believe that with these changes, Rothman Orthopaedics is positioned for sustainable success within an increasingly competitive musculoskeletal landscape."
Rothman's statement reaffirmed its commitment to physician autonomy and is "committed to sustaining that independence in the future."
Layoffs will focus on nonclinical roles, Philadelphia Business Journal reported Jan. 9. Last year, Rothman laid off 18 corporate employees.