Queen of the Valley Medical Center in Napa, Calif., has requested voluntary resignations from its approximately 1,000 employees, according to a Napa Valley Register report based on a memo to the center's employees.
The center has a $23 million budget deficit, which QVMC is working to reduce partly through a new neuroscience unit and wound care clinic. The center also failed to renew some building leases, froze some salaries and lowered merit adjustments. QVMC cut several positions through attrition but not enough to offset an estimated 23 percent increase in employee medical costs in addition to the deficit.
Besides voluntarily resigning, employees can also voluntarily decrease their hours, according to the memo. The center is offering those who voluntarily resign before June 20 severance pay and other benefits.
Read the Napa Valley Register report on Queen of the Valley Medical Center.
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The center has a $23 million budget deficit, which QVMC is working to reduce partly through a new neuroscience unit and wound care clinic. The center also failed to renew some building leases, froze some salaries and lowered merit adjustments. QVMC cut several positions through attrition but not enough to offset an estimated 23 percent increase in employee medical costs in addition to the deficit.
Besides voluntarily resigning, employees can also voluntarily decrease their hours, according to the memo. The center is offering those who voluntarily resign before June 20 severance pay and other benefits.
Read the Napa Valley Register report on Queen of the Valley Medical Center.
Related Articles on Hospital Employment:
Atlanta's Grady Memorial to Cut 120 Jobs
South Carolina's Trident Health to Cut 35 Jobs
Texas Lifts Ban on Physician Employment at Rural Hospitals