Vanderbilt addresses concerns over medical center job cuts - WLOX.com - The News for South Mississippi

Vanderbilt addresses concerns over medical center job cuts

NASHVILLE, TN (WSMV) -

A much clearer picture is emerging about job cuts at Nashville's largest private employer. A vice chancellor at Vanderbilt University says the medical center is in a tough spot and much more downsizing is on the horizon.

Vanderbilt released a six-page memo to employees Monday, explaining exactly where things stand, and the news isn't good.

University leaders went into great detail about some of the challenges that Vanderbilt University Medical Center and other hospitals face as they begin to find what the memo calls their "new normal."

The federal sequestration has cut into research dollars, and the hospital is getting pinched by lower Medicare and Medicaid payments.

The medical center needs to cut about 3 percent from its budget this fiscal year, and administrators say they've put together a plan called "evolve to excel" to try and make these cuts as painless as possible.

They're bringing in a consultant to help look for ways of making things more efficient, but like most hospitals, employees are the most expensive part of the budget.

Dr. Jeff Balser, vice chancellor for Health Affairs and dean of the Vanderbilt University School of Medicine, writes in the memo: "Over the next two years, the overall size of the VUMC workforce will be reduced. We do not intend to accomplish this through a large-scale layoff. Rather, our approach will be one of strategic downsizing."

The medical center says it still wants to retain the "highest performing employees."

As Channel 4 News previously reported, some of these cuts have already been made. Vanderbilt said at the time that they were addressing "workplace performance as necessary."

Officials hope to achieve most of the remaining cuts through natural attrition and an early retirement offer that will be presented next week.

Through that, combined with streamlining practices when it comes to handling time off, the hospital hopes it can get where it needs to be with industry-wide restructuring.

Copyright 2013 WSMV (Meredith Corporation). All rights reserved.

  • Vanderbilt addresses concerns over medical center job cutsMore>>

  • NEWSMore>>

  • Main Alberto impacts expected to stay east of South MS

    Main Alberto impacts expected to stay east of South MS

    Sunday, May 27 2018 6:29 AM EDT2018-05-27 10:29:00 GMT
    Alberto official forecast track from the National Hurricane Center as of 4 AM 5-27-18Alberto official forecast track from the National Hurricane Center as of 4 AM 5-27-18

    Alberto is forecast to become a fully tropical storm Saturday and then will move into the Gulf of Mexico this weekend.

    More >>

    Alberto is forecast to become a fully tropical storm Saturday and then will move into the Gulf of Mexico this weekend.

    More >>
  • Moss Point Police searching for 'armed & dangerous' man

    Moss Point Police searching for 'armed & dangerous' man

    Saturday, May 26 2018 10:53 PM EDT2018-05-27 02:53:04 GMT
    Moss Point Police are warning Devarian Raheem Edwards should be considered armed and extremely dangerous. (Photo source: WLOX)Moss Point Police are warning Devarian Raheem Edwards should be considered armed and extremely dangerous. (Photo source: WLOX)

    A man police believe was involved in a multi-state crime spree that started with an auto theft and ended with capital murder is still on the run. And they're warning Devarian Raheem Edwards should be considered armed and extremely dangerous.

    More >>

    A man police believe was involved in a multi-state crime spree that started with an auto theft and ended with capital murder is still on the run. And they're warning Devarian Raheem Edwards should be considered armed and extremely dangerous.

    More >>
  • Prep or play? Boaters have to choose as Alberto moves closer

    Prep or play? Boaters have to choose as Alberto moves closer

    Saturday, May 26 2018 10:45 PM EDT2018-05-27 02:45:48 GMT
    Some boats have left the Gulfport Small Craft Harbor, others are preparing to ride out the storm if if comes this way. (Photo source: WLOX)Some boats have left the Gulfport Small Craft Harbor, others are preparing to ride out the storm if if comes this way. (Photo source: WLOX)
    Some boats have left the Gulfport Small Craft Harbor, others are preparing to ride out the storm if if comes this way.Some boats have left the Gulfport Small Craft Harbor, others are preparing to ride out the storm if if comes this way.

    Alberto is on its way. But the calm before the storm has given boat owners and people time to both prepare and enjoy some recreational time before the Memorial Day weekend gets cut short.

    More >>

    Alberto is on its way. But the calm before the storm has given boat owners and people time to both prepare and enjoy some recreational time before the Memorial Day weekend gets cut short.

    More >>
Powered by Frankly