UCSF STANFORD: Says It Won’t Cut Docs’ Pay to Curb Losses
UCSF Stanford HealthCare said its $10.7 million first-quarter loss will be absorbed through the rest of the year and will not have an adverse affect on physicians' pay. UCSF Stanford CEO Peter Van Etten "has promised to break even for the year and said he will cut administration and programs where necessary." The San Francisco Business Times reports that with "rumors flying" about cuts in doctors' pay, "both officials and the PR staff are trying to allay fears." Spokesperson Alice Trinkl said rumors about doctors' salaries are "completely unfounded," but that departments will look for other ways to "increase efficiency" (Bole, 2/22 issue).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.