NASHVILLE, Tenn. (AP) -- Vanderbilt University Medical Center has announced it will offer early retirement as one way to reduce costs as the hospital seeks to close a $70 million revenue shortfall this fiscal year.
The Tennessean reported medical school dean Dr. Jeff Balser sent a memo, saying new details on the cost-cutting effort would be released soon.
The academic medical center has reduced its staff by at least 300 employees in recent weeks.
Balser said the $100 million in desired savings this year is just over 3 percent of the medical center's $3.3 billion budget.
At the end of 2012, Vanderbilt had nearly 17,000 employees and more than 2,500 faculty members.
Besides the early retirement offer, Vanderbilt will make workflow changes to reduce need for replacements. Some posts will be permanently eliminated.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.