Battered for a while by tightening margins and fewer hospital admissions, Dallas-based Tenet Healthcare Corp. is planning to eliminate a regional management layer in order to slash costs and streamline its operations.
A spokesman told Modern Healthcare that Tenet would complete the “restructuring” by the end of October.
The publication said the company’s regional managers include executives in its Texas, Western, and Eastern regions who serve as liaisons between the individual markets and Tenet’s centralized support functions.
Tenet did not immediately reply to a request for comment.
Its CEO, Trevor Fetter, said previously that he would leave Tenet no later than next March after Glenview Capital Management, a hedge fund, resigned two board seats and began lobbying the investor-owned hospital company to make some changes.