UW Medicine hospital cuts 60 jobs including COO, VPs

Renton, Wash.-based Valley Medical Center, a part of Seattle-based UW Medicine, reduced its workforce by 60 positions, or about 1 percent, to combat lower reimbursements, according to a Kent Reporter report.

Advertisement

Here are four things to know.

1. VMC eliminated its COO position and two vice president positions in the reduction.

2. Liz Nolan, vice president of marketing, outreach and wellness at VMC, told Kent Reporter the hospital witnessed a large patient volume shift beginning in August. She said the “rapidly changing volumes caused significant turbulence in our budget, and just as our patient volumes exploded, Medicare became our top insurance payer.”

3. VMC said 42 of the 60 affected employees will likely move to a different position at the hospital. The hospital also instituted a voluntary early retirement and separation incentive program, the report states.

4. VMC will also close its Newcastle (Wash.) Urgent Care clinic, restructure its assistant nurse manager positions, consolidate clinic imaging services and streamline several business lines like supply chain, clinic billing and finance. 

More articles on leadership:
Lehigh Valley Hospital-Hazleton implements layoffs
The critical few: Injecting a dose of innovation into your culture
Biden calls for greater urgency in Moonshot efforts to cure cancer

 

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.

Register to Attend Webinar

Beyond the bottleneck: How health systems are improving access, flow and care continuity

Thursday, July 30
1:00 PM - 2:00 PM CDT

Presenters: Imamu Tomlinson, MD, MBA, VituityWilliam Morice II, MD, PhD, Mayo Clinic LaboratoriesJordan Dale, MD, Houston MethodistAsh Tengshe, City of HopeChris Klay, MHA, MA, PT, FACHE, Hospital Sisters Health System

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.