Clinic Cuts: Cleveland Clinic slashes budget, layoffs loom - News, Weather, Sports, Toledo, OH

Clinic Cuts: Cleveland Clinic slashes budget, layoffs loom

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The Cleveland Clinic confirms they will be cutting a total of $330M from their 2014 budget.

A Clinic spokesperson tells 19 Action News there will be reduction in the workforce including early retirements, layoffs and vacant positions left unfilled.

No hard number will be known until late October.

The Clinic released the following statement:

"To prepare for healthcare reform, Cleveland Clinic is transforming the way care is delivered to patients. Over the past several years, we have had an ongoing focus on driving efficiencies, lowering costs, reducing duplication in services and enhancing quality to make healthcare affordable to patients.

 

Although we have made progress, we need to further reduce costs to the organization by $330 million in 2014.  We are carefully evaluating all aspects of our system to accomplish this. Some of the initiatives include offering early retirement to 3,000 eligible employees, reducing operational costs, stricter review of filling vacant positions, and lastly workforce reductions.

 

Through these changing times, we are focused on providing the highest quality of care to our patients in the most efficient and cost-effective manner."

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