Thomas Jefferson to eliminate 500 positions and trim top executives’ pay as losses mount from COVID

Thomas Jefferson University plans to cut 500 positions through attrition, freeze pay of top executives and stop retirement plan contributions for a year as the medical system, one of Philadelphia’s largest employers, struggles to stem losses.


Load Error

Jefferson Health, which expanded from three to 14 hospitals from 2015 to 2018, has been hit extra hard by COVID-19 shutdowns that have delayed elective surgery.

Coronavirus Coverage




“The reality is, unless addressed, the pandemic will dramatically affect our ability to fulfill our mission,” wrote Stephen K. Klasko, president of the university and chief executive at Jefferson Health, in an internal email to staff. Jefferson logged an operating loss of $298.71 million in the year ended June 30 even after it received $320 million in government grants to help it withstand the financial devastation of COVID-19.

Still, Klasko adds that he is determined to keep upgrading

Read More

Poor Mental Health For Executives Isn’t Just A Work-Life Balance Issue

Part of Kathy Caprino’s series “Supporting Today’s Workforce”

 As we’ve read in so many headlines in the past several months, the mental health of professionals and executives has taken a strong hit since the pandemic began. In one recent study by health insurer Bupa Global, for instance, nearly eight out of 10 corporate executives have experienced poor mental health during the coronavirus crisis, prompting a number of them to re-evaluate and improve work-life balance.

But is work-life imbalance alone that the culprit? In my career, executive and leadership coaching work, I am seeing so many professionals who are struggling emotionally, physically and mentally in new ways that they are unsure how to address. While some of these challenges are indeed related to work-life balance difficulties, much of what is being experienced emotionally is about more than “balance.” It’s about fear,

Read More

What are the challenges facing academic medicine today? 3 executives weigh in

Academic medical centers’ three-pronged mission — patient care, research and education — is both what sets them apart as premier healthcare institutions and situates them to incur unique pressures, compared with hospitals that are not affiliated with teaching institutions.

The challenges facing academic medical centers was one of the topics discussed during a session at the Becker’s Healthcare Academic Medical Centers Virtual Forum on Sept. 25. The panel included: 

  • David Lubarsky, MD, vice chancellor of human health sciences and CEO of Sacramento, Calif.-based UC Davis Health 
  • Michael Apkon, MD, PhD, president and CEO of Boston-based Tufts Medical Center and Floating Hospital for Children 
  • Maia Hightower, MD, chief medical information officer at Salt Lake City-based University of Utah Health 

Here’s an excerpt from the conversation, edited for clarity. To view the full session on-demand, click here. 

Question: What are a few of the challenges facing academic medicine today?

Read More

Change Healthcare-HCEG Research: COVID-19 Reshuffles Healthcare Executives’ Priorities

NASHVILLE, Tenn.–(BUSINESS WIRE)–Most healthcare leaders are rethinking critical issues and reordering eight of their top ten priorities in the process—including changing their #1 priority—as a result of the coronavirus pandemic, according to new research conducted by InsightDynamo and commissioned by Change Healthcare (Nasdaq: CHNG) and the HealthCare Executive Group (HCEG).

The Industry Pulse COVID-19 Flash Report, published today, reveals how healthcare leaders are accelerating digital and payment transformation, with an emphasis on the consumer experience, telehealth, and interoperability. As a result, stakeholders are increasing investment in healthcare IT and fast-tracking initiatives to help prepare for the pandemic’s aftermath and future pandemics. One priority which did not change: privacy/security, which remains front and center for C-suite survey respondents, especially as the industry migrates towards a digital future.

Researchers presented 288 healthcare leaders with the 2020 HCEG Top Ten, a list of priorities compiled by the HealthCare Executive Group

Read More