University of Chicago Medical Center Announces 450 Job Cuts

The University of Chicago Medical Center has announced that it is eliminating about 450 positions, or about 5 percent of its workforce, according to a news release from the hospital.

Advertisement

The elimination of the positions continue the hospital’s efforts to reorganize and lower costs, which started when the hospital unified its patient care, biomedical research and education, and community health activities into a single structure called Chicago BioMedicine.

Chicago BioMedicine is working to cut $100 million from its annual budget, and the 450 job cuts follow the elimination of 15 senior management positions announced in early January.

Read the news release about the reorganization and Chicago BioMedicine job cuts.

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.

Advertisement

Next Up in Leadership & Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.