This article was originally published in ASHHRA's HR Pulse Summer 2023 Issue.
Although most organizations begin the discussion around a reduction in force after consistent financial underperformance, the current financial climate may push an organization to make decisions to centralize or shed programs more rapidly. Protecting the workforce and mitigating risk when undergoing a reduction in force is crucial for healthcare organizations.
A&M Healthcare Industry Group’s Human Capital and Workforce Management Leader, Bianca A. Briola, shares strategies and leading practices for healthcare organizations in her recent article, “Weathering a Reduction in Force – Lessons Learned and Strategies to Mitigate Risk.”
Important lessons learned and advice for how to mitigate risks
- Educate and prepare leaders with talking points when communicating the reduction internally and externally.
- Ensure that all changes align with the overall rationale for the reduction.
- Be mindful of disparate impact on selected employees.
- Carefully formulate approach and messaging for staff on leave.
- Avoid formalizing a severance plan.
Read the Full Article
ALVAREZ & MARSAL SCALES HEALTHCARE PRACTICE WITH FOUR STRATEGIC HIRES FOCUSED ON HEALTH PLANS AND MANAGED CARE
July 28, 2025
Leading global professional services firm Alvarez & Marsal (A&M) today announced significant expansion within its Health Plans and Managed Care practice. Joining the firm are Managing Directors Michael Epstein and Jim Collier, alongside Senior Directors Brent Hill and Todd Masser, enhancing A&M’s capability to deliver tailored, actionable solutions driving client growth.
The Rise of Alternative Health Coverage Models: Short-Term Duration Plans, Health Care Sharing Ministries, and ICHRAs
July 24, 2025
Explore the surge in alternative coverage models, Short-Term Duration Plans, Health Care Sharing Ministries, and ICHRAs that operate outside traditional ACA-compliant insurance. With deregulation on the rise and federal funding shifts ahead, understanding their structure and policy exposure is essential.
Alvarez & Marsal Expands Its Healthcare Human Capital and Workforce Management Offering
July 17, 2025
A&M appoints Felicia Lyon as a Managing Director in the firm’s Healthcare Industry Group, specializing in Human Capital and Workforce Management.
Alvarez & Marsal (A&M) and Alston & Bird Release Landmark Governance Report Urging Health Systems to Fortify Board Oversight in Light of Federal Healthcare Cuts
July 15, 2025
Alvarez & Marsal (A&M) and Alston & Bird released the Governance of High-Performing Nonprofit Hospital Systems report - a survey of 17 leading nonprofit health systems. The report outlines the best practices in board governance and warns of consequences for inaction.
