Hurting Financially, Wake Forest Baptist Adds Cost-Cutting Measures

Revenue declines along with the disruptive and costly implementation of a new electronic medical records system have forced Wake Forest Baptist Medical Center to take additional cost-cutting measures this year, according to its CEO, Dr. John McConnell.

In a statement released to the media Thursday, McConnell detailed the additional, short-term steps that he said will help provide "immediate multi-million dollar savings," most of which impact nonclinical staff instead of nurses, physicians and other medical staff that deal directly with patients.

"While Wake Forest Baptist is making significant progress it must take additional measures to narrow a financial gap in the final months of the fiscal year," McConnell said. "These measures will have no impact on the quality of care or service that patients receive."