Cookeville Regional Medical Center announced the elimination of six upper management positions in a statement released Wednesday evening.
According to the release, the hospital made the decision due to financial hardships arising out of rising inflation, soaring labor costs, and the discontinuation of various financial assistance. CRMC said it has had no other choice but to undertake a deep and thorough review of all labor and operational expenses at the hospital.
Hospital CEO Paul Korth:
“A reduction in expenses is necessary so we can align our operational costs with patient revenues. The process has been a difficult one for all involved, but unfortunately it was impossible to avoid”
In the upcoming weeks, CRMC said it will continue its analysis to identify other cost savings at the medical center, with the emphasis to retain as many jobs as possible and minimize the impact to patient care service lines.
No names were supplied on the release.
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