The Mayo Clinic said last week it would eliminate 450 jobs through attrition, saving $18.5 million annually.
Sharon Dunemann, the Rochester, Minn.-based clinic's administrator, said the cuts would be across-the-board but especially would be felt in areas where "volume" has been affected by changes in the way healthcare services are being delivered. Besides hospital workers, the cuts also would include workers involved in testing and procedures for both inpatient and outpatient facilities.
The cuts were described in an employee newsletter that went to the clinic's 15,750 workers last week. Besides the cutbacks, the clinic also appointed a group to find ways to cut supplies and service expenses by 5%. That would save another $12 million annually.
The clinic cut 400 jobs two years ago, and last year, 793 workers left the organization.
The parent Mayo Foundation doesn't release information on the financial performance of its individual properties. In 1992, the overall foundation had net operating income of $44.9 million on total revenues of $1.3 billion.