Vanderbilt addresses concerns over medical center job cuts - NBC12 - WWBT - Richmond, VA News On Your Side

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.

  • Latest news from NBC12.comNEWSMore>>

  • FIRST ALERT FORECAST: Patchy Dense Fog Overnight, Sun and Heat for Sunday

    FIRST ALERT FORECAST: Patchy Dense Fog Overnight, Sun and Heat for Sunday

    Saturday, September 23 2017 11:37 PM EDT2017-09-24 03:37:07 GMT

    Get the latest forecast from the NBC12 First Alert Weather team.

    More >>

    Get the latest forecast from the NBC12 First Alert Weather team.

    More >>
  • Better late than never? Library book returned 78 years later

    Better late than never? Library book returned 78 years later

    Thursday, September 21 2017 7:51 PM EDT2017-09-21 23:51:20 GMT
    Saturday, September 23 2017 9:18 PM EDT2017-09-24 01:18:29 GMT

    A book borrowed nearly 80 years ago during the Great Depression has been returned to a Massachusetts public library.

    More >>

    A book borrowed nearly 80 years ago during the Great Depression has been returned to a Massachusetts public library.

    More >>
  • Woman hit and killed by van in Richmond

    Woman hit and killed by van in Richmond

    Saturday, September 23 2017 5:31 PM EDT2017-09-23 21:31:44 GMT
    A woman has died, after police say she was struck by a van in Richmond. Police say the woman was walking across the 1100 block of Azalea Avenue around 3 p.m. Saturday, when she was struck by a van turning left off Seminary Avenue. The driver of that van stayed on the scene. Police say the woman was already dead when they got to the scene. The driver is not facing charges at this time. The investigation continues, as police work to notify the victim's family.

    More >>

    A woman has died, after police say she was struck by a van in Richmond. Police say the woman was walking across the 1100 block of Azalea Avenue around 3 p.m. Saturday, when she was struck by a van turning left off Seminary Avenue. The driver of that van stayed on the scene. Police say the woman was already dead when they got to the scene. The driver is not facing charges at this time. The investigation continues, as police work to notify the victim's family.

    More >>

  • Vanderbilt addresses concerns over medical center job cutsMore>>

Powered by Frankly