Job Cuts at Seton Part of $350 Million Shift (Jesus Garza, MPAff '77)
Austin American Statesman
Wednesday, May 1, 2013
The Seton Healthcare Family has told employees that it intends to make a $350 million shift in resources – cutting some services and expanding others – over the next four years because its hospitals are seeing fewer patients and its revenue predictions were off.
Jesús Garza, who officially becomes Seton’s president and CEO on July 1, says in a March 28 memo to employees obtained by the Statesman that patient volumes this year haven’t met projections, and “we did not ‘flex down’ expenses quickly enough” to “avoid tough decisions.”