Vanderbilt University Medical Center plans to cut its workforce by more than 1,000 employees within the next two years, The Tennessean reports, citing people familiar with the center's plans.
Some of the cuts are expected to come by offering early retirement options.
Vanderbilt University Medical Center is targeting $250 million in budget savings over the same time period, or about 8 percent of current expenses, according to The Tennessean.
"It is clear that we must embark on a comprehensive effort that is immediate, achievable, proactive and ensures success over a multiyear period, while the health care and biomedical science economies we live in reshuffle into a 'new normal,' " Vice Chancellor of Health Affairs Dr. Jeff Balser said in a memo to staff, according to The Tennessean.
Some of the cuts are expected to come by offering early retirement options.
Vanderbilt University Medical Center is targeting $250 million in budget savings over the same time period, or about 8 percent of current expenses, according to The Tennessean.
"It is clear that we must embark on a comprehensive effort that is immediate, achievable, proactive and ensures success over a multiyear period, while the health care and biomedical science economies we live in reshuffle into a 'new normal,' " Vice Chancellor of Health Affairs Dr. Jeff Balser said in a memo to staff, according to The Tennessean.
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