Vanderbilt renovating hospital plaza

'Major makeover' to add seating, replace waterproof barriers
Jul 18, 2014 7:00 AM

VUMC named best in Nashville, state

Vanderbilt University Medical Center was named the best hospital in the Metro Nashville area and the state of Tennessee by U.S. News and World Report.

"This acknowledgement from U.S. News and World Report, along with other designations we receive, serves to remind us of the impact we are having on the lives of the patients and families we serve," C. Wright Pinson, CEO of the Vanderbilt Health System and deputy vice chancellor for health affairs, said in a release. "Every day, I am proud of the outstanding accomplishments of our faculty and staff and want to thank you for keeping VUMC No. 1 in Tennessee."

HCA Holdings' Centennial Medical Center was ranked second in the Nashville area and seventh in the state. For the full list, click here.

Jul 15, 2014 12:40 PM

Vanderbilt Health System announces two senior promotions

Hospital and clinics reorganizing leadership structure
Jul 11, 2014 7:00 AM

VUMC names chief compliance officer

Former Omnicare, Fresenius exec promoted to broader role
Jul 10, 2014 7:04 AM

Children's joins MissionPoint network

Two of the region's biggest health care systems teaming up
Jun 17, 2014 7:17 AM

Two surgeries in one

Vanderbilt takes lead in use of hybrid operating rooms
Jun 10, 2014 5:50 AM

'Several hundred' VUMC salaries to be tied to financial results

Officials with Vanderbilt University Medical Center offered more detail Monday on a plan to tie employees' salaries to overall financial results.

In a letter to employees last week, Vice Chancellor of Health Affairs Jeff Balser outlined VUMC's cost reduction strategies that began last July. He reported that the fiscal year's revenue loss was underestimated by $70 million, but that VUMC was on track with cost-saving efforts. In detailing how compensation and benefit models "must increasingly reflect the realities of a changing health care economy," Balser said a component of employee compensation would be tied to overall Medical Center results.

Several hundred members of VUMC's management team, including senior leadership, have been designated to move to such a compensation model, said spokesman John Howser. The model cuts those employees' salary by five percent and then makes them eligible to earn back that amount. If the health system reaches its financial target, the employees will receive an incentive payout equal to five percent — or more — of their salary.

Additionally, as Balser said in his letter, there will not be an across-the-board salary increase for the coming year.

"However, based on the outcome of market-based compensation analyses, some areas within the Medical Center's workforce will experience salary adjustments so that we remain market competitive," Howser said.

For more about Balser's letter, click here.

Jun 2, 2014 2:45 PM

VUMC names associate vice chancellor of research

Cancer researcher also named associate dean of biomedical sciences
May 30, 2014 7:03 AM

VUMC underestimated revenue losses, on track with savings

Cost reduction strategies continue but layoffs about over for now
May 29, 2014 1:21 PM

VUMC partners with NJ company for EHR support

Hospital system looks to hit next meaningful use targets
May 13, 2014 12:13 PM