According to the health system, the cuts include 70 layoffs. Additional positions will be eliminated through attrition or not filling vacant positions.
Last year, Fairview posted a profit of $82.7 million, but the health system lost $3.4 million in the first quarter of 2011, according to the report.
Read the Pioneer Press report on Fairview Health.
Related Articles on Fairview Health:
Minneapolis’ Fairview Health Services Names Dan Fromm CFO
Minneapolis’ Fairview Health to Transform Much of Its Private Pay to Shared Savings Models
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.