Organizational structuring leads to $5.2 million in savings for Singing River Health System

Singing River Health System in Pascagoula, Miss. has been able to save $5.2 million in salary costs in fiscal year 2014 thanks to organizational restructuring, leaders said in a recent report found on gulflive.com.

Advertisement

The health system’s CEO, Kevin Holland, said the number of vice president and chief positions went from 22 to eight, and the positions he kept were CEO, COO, CFO, chief human resources officer, CMO, administrators for the Ocean Springs and Singing River hospitals and a CNO, according to the report.

“There are a total of seven fewer executive-level positions today than there were before Kevin became CEO,” System spokesman Richard Lucas said in the report. “In addition, eight traditional hospital positions were retitled from ‘VP’ to ‘director.'”

Changes to other mid-level manager positions also played a role in the $5.2 million reduction in salary expense in fiscal 2014, he said in the report.

 

More articles on salary:

Hospital and health system C-suite base salaries: 12 statistics

Average base salary for healthcare executives rose 3.1% this year, study finds

7 top-paying specialties for medical residents

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.