Care New England cuts leadership jobs amid forecasted FY26 budget deficit

By: Nancy Lavin

Outlets: Rhode Island Current

Published: May 27, 2026

Words: 1,005

Last Updated: 1 month, 4 weeks ago

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Care New England is cutting more than 30 leadership and nonclinical positions to help close an estimated $20 million budget gap for fiscal 2026, the health system announced on Tuesday.

The layoffs come as hospitals nationwide, including in Rhode Island, face shrinking margins amid federal Medicaid funding and policy overhauls. Uncompetitive state reimbursement rates compared with neighboring states have also made it difficult to attract and retain staff, Dr. Michael Wagner, CEO and president, …

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