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Virginia Mason Franciscan Health files notice of layoffs including in Tacoma

Virginia Mason Franciscan Health files notice of layoffs including in Tacoma

Yahoo18 hours ago

Virginia Mason Franciscan Health is eliminating more than 100 jobs systemwide, including in Tacoma, tied to virtual-care services.
According to a Worker Adjustment and Retraining Notification filed Thursday, the layoffs will commence July 28, affecting 116 workers.
A VMFH media representative told The News Tribune via email that the layoffs are across the health care system, and 'not limited to Tacoma.'
Chad Melton is Interim president, Puget Sound Market, for VMFH. In a statement, Melton said the cuts were part of 'critical but necessary steps to remain financially sustainable so we can continue delivering high-quality care to the communities we serve.'
'This includes transitioning several virtual services and administrative functions, which will impact approximately 200 team members. Affected employees have been notified and are receiving personalized support, including placement assistance and access to open roles within our organization.'
Melton noted that VMFH, 'like health care systems across the country,' is facing significant financial pressures 'including rising labor and supply costs, increasing claim denials and chronic underpayment from government programs.'
'These challenges have only intensified in Washington state, where a new budget introduces new taxes that directly affect hospitals and reduces reimbursement, most notably by capping payments for care provided to state and school employees. These changes are expected to cost VMFH an additional $30 million each year.'
Melton said that the system as a result was 'realigning resources and improving operational efficiency.'
'These are difficult and necessary decisions to ensure we can continue meeting the needs of our patients — today and into the future,' he added.
No further details were available Thursday night.

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Virginia Mason Franciscan Health files notice of layoffs including in Tacoma
Virginia Mason Franciscan Health files notice of layoffs including in Tacoma

Yahoo

time18 hours ago

  • Yahoo

Virginia Mason Franciscan Health files notice of layoffs including in Tacoma

Virginia Mason Franciscan Health is eliminating more than 100 jobs systemwide, including in Tacoma, tied to virtual-care services. According to a Worker Adjustment and Retraining Notification filed Thursday, the layoffs will commence July 28, affecting 116 workers. A VMFH media representative told The News Tribune via email that the layoffs are across the health care system, and 'not limited to Tacoma.' Chad Melton is Interim president, Puget Sound Market, for VMFH. In a statement, Melton said the cuts were part of 'critical but necessary steps to remain financially sustainable so we can continue delivering high-quality care to the communities we serve.' 'This includes transitioning several virtual services and administrative functions, which will impact approximately 200 team members. Affected employees have been notified and are receiving personalized support, including placement assistance and access to open roles within our organization.' Melton noted that VMFH, 'like health care systems across the country,' is facing significant financial pressures 'including rising labor and supply costs, increasing claim denials and chronic underpayment from government programs.' 'These challenges have only intensified in Washington state, where a new budget introduces new taxes that directly affect hospitals and reduces reimbursement, most notably by capping payments for care provided to state and school employees. These changes are expected to cost VMFH an additional $30 million each year.' Melton said that the system as a result was 'realigning resources and improving operational efficiency.' 'These are difficult and necessary decisions to ensure we can continue meeting the needs of our patients — today and into the future,' he added. No further details were available Thursday night.

Tacoma-based credit union to celebrate opening of new Pierce County branch
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Tacoma-based credit union to celebrate opening of new Pierce County branch

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Tacoma-based credit union to celebrate opening of new Pierce County branch
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Yahoo

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Tacoma-based credit union to celebrate opening of new Pierce County branch

A Tacoma-based credit union will celebrate the opening of its new Frederickson-area branch this month. TAPCO Credit Union's new full-service branch at 5320 176th St. E. had its groundbreaking a year ago. The the 5,200-square-foot branch officially opened its doors May 12 and replaces TAPCO's previous location in the Canyon Crossing Shopping Center, which opened in 2020. The new site features 'a drive-thru, walk-up and drive-up ATMs, a night deposit box, and a dedicated community room intended to host financial workshops, local events, and networking opportunities,' TAPCO said in a news release this week. The credit union will hold a ribbon-cutting celebration for the new branch from 2 p.m. to 4 p.m. June 11, with the ribbon cutting at 3:30 p.m. The public is invited to partake in 'treats from local businesses, door prizes, branch tours, and more,' TAPCO said in its release. 'We are excited to further our commitment to the Frederickson community through the opening of this new branch,' Justin Martin, President/CEO of TAPCO Credit Union, said in a statement. 'Through the relationship-centric branch design, dedicated community area and space for a local business this new location was designed to be a catalyst for positive change.' A media representative for TAPCO told The News Tribune that the retail tenant next door, also part of the new development, will be Cutters Point Coffee. No further information was immediately available. TAPCO offers six branch locations in Pierce County including the new Frederickson site, two in Tacoma and locations in Puyallup, Bonney Lake and Gig Harbor areas.

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