UNM Hospital cut 53 executive positions as the academic medical center braces for federal funding reductions.
The Albuquerque, New Mexico-based provider eliminated nonclinical jobs, some of which were vacant positions, a spokesperson said. UNM Hospital is one of many academic medical centers that have restructured their workforce to prepare for National Institutes of Health grant funding disruptions and potential Medicaid cuts.
Related: NIH grant uncertainty may worsen physician shortage
“In order to be sure we are operating as efficiently as possible, and are as prepared as possible for federal funding changes which may lie ahead, we have implemented a number of financial improvement initiatives,” a spokesperson said in a statement. In addition to the job cuts, UNM Health is also reviewing vendor contracts, workflows and other cost-cutting strategies, the spokesperson said.
UNM Hospital reported an operating loss of $85 million on operating revenue of $1.6 billion in 2024, compared with an operating loss of $130 million on operating revenue of $1.3 billion in 2023.
