In a statement released this afternoon, the hospital said it would be looking for “approximately 95 voluntary redundancies from staff as part of an overall cost reduction programme”.
It comes after the business carried out “a comprehensive review of its business”, and said that the falloff in the number of people with health insurance is partly to blame.
“Market conditions for the private health sector have presented the Mater Private Healthcare Group with a number of challenges in recent years,” the statement added.
“There has been a significant reduction in the number of people with health insurance, and while the amount and type of procedures that patients on lower insurance plans can access at the Mater Private has been increasing every year, the fall off in the health insurance market has negatively impacted the sector.
“The recent announcement that the tax relief on private health insurance has been reduced may cause further erosion.
“Over the last number of years, Mater Private has sought to deal with the challenges by improving services and access for patients, and through a thorough examination of, and reduction in, all of its costs.
“However, the reduction in the cost base achieved to date falls short of the challenge and, regretfully, Mater Private has no choice but to reduce headcount by around 95, which it will seek to do by way of a voluntary redundancy programme. Mater Private has concluded that this step is unavoidable in order to safeguard as many jobs as possible for the future, while maintaining its high level of patient care.”