Interim President Ben Raimer, MD, said the budget shortfall is due to financial damage linked to the COVID-19 pandemic. The layoffs will affect approximately 1.5 percent of UTMB Health’s workforce.
“Our world was a very different place when I took the job as your President ad interim last September,” Dr. Raimer wrote in an Aug. 10 letter to employees. “No one could have predicted then the devastating effects of this pandemic and the difficult decisions that would follow.”
The layoffs will mainly affect support and administrative staff, and officials said they don’t anticipate cutting jobs in clinical operations, according to KPRC.
More articles on healthcare finance:
CMS’ proposed outpatient payment rule for 2021: 5 things to know
How CHS, Tenet, HCA and UHS fared in Q2
Steward, medical billing company accused of illegal ‘revenue enhancement’ scheme
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