Healthcare Conglomerate Associates, which owns and operates the public hospital, confirmed layoffs occurred but did not specify the exact number.
The news comes after voters defeated a $55 million bond measure that would have financed construction of a tower addition on TRMC’s campus. Hospital officials said they will continue to seek alternative financing, according to the article.
“To be able to [finance the tower], we must ensure that the hospital remains operationally and financially successful,” HCCA said in a prepared statement.
More articles on leadership issues:
Mark Zuckerberg and wife announce $3B initiative to eradicate major diseases by end of century
The CEO’s employee engagement manual: 13 must-reads for leaders
5 tips to identify and address health systems’ strategic dissonance
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.