More transitions at ValleyCare | Tim Talk | Tim Hunt | DanvilleSanRamon.com |

Local Blogs

Tim Talk

By Tim Hunt

E-mail Tim Hunt

About this blog: I am a native of Alameda County, grew up in Pleasanton and currently live in the house I grew up in that is more than 100 years old. I spent 39 years in the daily newspaper business and wrote a column for more than 25 years in add...  (More)

View all posts from Tim Hunt

More transitions at ValleyCare

Uploaded: Mar 18, 2014
Transitions are continuing at ValleyCare where two long-time executives have announced their retirements.
Chief Financial Officer Ken Jensen will retire this month as will Jessica Jordan, the vice-president of nursing. Both are planned retirements, according to ValleyCare Chairman John Sensiba.
One of Jensen's goals in recent years has been to recruit and train up his successor. Vice-president of finance, Don Briones, will step in for Jensen.
These latest retirements, coupled with the departure of 15-year CEO Marcy Feit, is helping ValleyCare bring its books into order.
The hospital system has finished in the red for four years in a row—a trend that Sensiba said will end this year. The system needs to trim about $5 million, a number that seems large until you consider that it is only about 2 percent of the approximately $300 million budget.
The departure of the three executives will help account for about $2 million of that when total compensation is considered. Salaries of eight executives were trimmed by a total of $147,000 and the system also laid off 24 people last month to reduce overall expenses and bring them in with anticipated revenues.
Sensiba observed that the organization may have gotten a bit top-heavy with executives over the years and noted that the timing of the retirements was fortuitous and helped close the budget gap.
Moving forward with ObamaCare squeezing both hospitals and doctors to reduce costs, Sensiba said that the organization will continue to evolve and change to manage the challenges. It employs about 1,600 people and has 50 local physicians in its medical foundation.
He said that was delighted with what interim CEO Scott Gregerson has done in his first month on the job. Gregerson has been aggressively reaching out to employees and sharing all pertinent information. He certainly could be in the mix when the board decides on a replacement for Feit who served almost 15 years in that role.
Local Journalism.
What is it worth to you?

Comments

Posted by James, a resident of another community,
on Mar 18, 2014 at 8:32 am

What is the status of the COO Cindy Noonan and VP Vern Brown ?


Posted by Needed Trim, a resident of Another Pleasanton neighborhood,
on Mar 21, 2014 at 8:32 am

Overloaded at the top is an understatement.

Now they need to figure out why a colonoscopy at ValleyCare costs over $10,000, but can be done at neighboring surgery centers, by the same doctors, for $1500.


Follow this blogger.
Sign up to be notified of new posts by this blogger.

Email:

SUBMIT

Post a comment

Sorry, but further commenting on this topic has been closed.

Stay informed.

Get the day's top headlines from DanvilleSanRamon.com sent to your inbox in the Express newsletter.

How quickly will we electrify our homes?
By Sherry Listgarten | 7 comments | 1,632 views

How muddled are the Pleasanton council's priorities
By Tim Hunt | 6 comments | 1,299 views

Expanding access to Yosemite's wonders
By Monith Ilavarasan | 5 comments | 1,006 views

The New Ekphrasis: Exhibition 2023
By John A. Barry and Bill Carmel | 0 comments | 324 views

Eligibility in the Local Context (ELC)
By Elizabeth LaScala | 0 comments | 241 views

 

2023 guide to summer camps

Looking for something for the kids to do this summer, learn something new and have fun? The Summer Camp Guide features local camps for all ages and interests.

Find Camps Here