I have been working with CHC for 5+ years but suddendly I see a big shift on the managment and Organization change. well, I am aware about Merger but still feels like people are leaving and laid off here and there. Next 6 months or may be 3 months will be full of anxiety and stress in this company. Its time to move on thats what my gut feeling is. Any one hearing the same in change HC?
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I feel the need to jump ship. Hearing “it’s business as usual” which they didn’t say when MKN was bought out by CHC, is what bothers me. Then the information of if the merger doesn’t go through UHC still plans to pull part of CHC departments. Which is my personal are of work. Yes I’m scared, yes I see more layoffs coming. So instead of trying to change something I can’t, I’m trying to change something I can. A solemn mind.
In Response to "Recent Layoffs on June 9th" Yes, I hear your! I have been seeing a big change in operations. Since the company was sued for labor practice infractions they have been "tightening the ship" and agents are being targeted and written up for even minor errors and being threated with termination. I was told they are now only hiring temp agents and recycle them after 90 days so they don't hire permanent employees anymore, that way they don't have to offer insurance or PTO. They even recently eliminated personal time during the day so you have to ask to use the restroom and use breaks and lunches to do it. You are basically tied to your desk all day with no p-e break options. This is my retirement job so I don't really care what they do. I am just playing this out for as long as I can for the extra money. I feel sorry for the younger people who are just starting out and trying to pay the bills.
The last paragraph below is an excerpt from this article; https://www.fiercehealthcare.com/payers/moodys-failure-close-change-healthcare-deal-would-incrementally-diminish-unitedhealths-long
The last sentence of the excerpt below is the most important. The primary synergies that improve EBITDA following an acquisition are the costs associated with personnel and buildings. The less personnel and the reduction of costs associated with the number of buildings to maintain increase EBITDA. For the majority of all M&A activity there is some type of statement that synergies will fund the acquisition.
As part of the proposed deal, Change Healthcare would become part of Optum, which is composed of three main businesses: OptumRx (pharmacy benefits), OptumHealth (medical providers) and OptumInsight (data, analytics and consulting). Change Healthcare would fold into OptumInsight and would add approximately $1 billion in EBITDA before synergies, Moody's analysts said in the report.
Like many other companies, CHC is trying to adapt to a rapidly changing world. The same can be said of its employees. Major shifts of direction should probably be expected now and in the future. As for the trickle of layoffs and departures, we're now past the pandemic and the pause has been lifted. If your instincts tell you that this plane is crashing, then it's time to bail out. Lately I wonder if anyone is even piloting the damn thing.