One of the five Arizona companies that took over operations from New Mexico behavioral health providers last year is announcing salary reductions. The company says it had to cut pay because it was losing money.
Agave is a non-profit corporation formed in New Mexico by Southwest Behavioral Health of Arizona. Rather than imposing layoffs, CEO and President Jeff Jorde said the firm needs to cut salaries for its 350 employees by five percent, beginning next week.
New Mexico’s Human Services Department says more consumers, not fewer, are receiving services since the takeover last summer of a dozen behavioral health providers accused of fraud. HSD’s response is contrary to the results of a progress report by a federal oversight agency.