November 16, 2012 – Officials at Wake Forest Baptist Medical Center in Winston-Salem announced Wednesday they’re eliminating 950 full-time positions, or 7 percent of the workforce. More than 400 positions have already been eliminated through attrition and retirement since the spring. Another 475 will be cut by the end of June. The cuts are part of a plan to reduce expenses and prepare for a future in which industry experts predict a 10 percent decline in reimbursement from the government and private insurers, said Dr. John McConnell, the medical center’s CEO. McConnell said the reductions were not prompted by financial distress. Two-thirds of the cuts were among health care workers, such as laboratory and radiology technicians, medical office assistants, clerical workers and contract nurses. Only a handful of full-time nursing positions were eliminated, McConnell said. The rest are coming from administration.
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