POSTED: Tuesday, October 1, 2013 - 8:33pm
UPDATED: Thursday, October 3, 2013 - 4:47pm
El Paso, Texas (KTSM) — A non-profit organization that aimed to help provide hospice and home care to all, regardless of financial situation, is calling it quits, affecting more than 800 nurses in the area.
The Visiting Nurse Association of El Paso's Board of Directors voted to withdraw from the healthcare business last Wednesday due to changes in Medicare and Medicaid, reduced reimbursements, and a competitive marketplace.
"It was time to meet the realization that we do not have the necessary resources to compete in the longer term," said Board Chair Marilyn Munden.
The group will no longer accept new patients and will transfer all their current patients to other agencies by the end of the year, in addition to laying off 850 employees.
"We regret having to make this decision," said Munden. "We are taking this action while we have the assets and resources to orderly manage and wind down our operations while seeking to minimize the disruption to our patients, employees, and vendors."
The organization opened in December 1967.