Lahey Health to lay off 130 workers at three hospitals

Lahey Health, the Burlington-based hospital network, is laying off 130 people at three hospitals and cutting the pay of top executives as it moves to close a budget gap. ...Lahey said Wednesday that it lost $21 million during the six months that ended March 31 because it spent more than anticipated on the rollout of a new software system and lost business during the harsh winter as patients canceled appointments. It also blamed what it called low reimbursements from public and private insurers that did not cover the full cost of delivering care to patients...

...Lahey’s budget problems are a significant change from last year, when it earned $53 million on operations. They come just months after Lahey acquired Winchester Hospital, expanding its network to four hospitals......The job cuts represent about 1 percent of Lahey’s workforce of about 14,000 and include managers, clinicians, and administrative staff...