August 20, 2017 7:15 AM ET

Healthcare Providers and Services

Company Overview of Tufts Medical Center, Inc.

Company Overview

Tufts Medical Center, Inc. owns and operates an academic medical center. It provides healthcare services and programs in the areas of allergy, anesthesiology, bariatric surgery, cancer, cardiology, colon and rectal, clinical nutrition, dentistry, dermatology, ENT/otolaryngology, endocrinology, diabetes and metabolism, gastroenterology, general surgery, geriatrics, hematology/oncology, hyperbaric medicine, infectious diseases, maternity, nephrology, neurology, neurosurgery, and nutrition. The company also offers services in the areas of obstetrics and gynecology, occupational therapy, ophthalmology, orthopedics, otolaryngology, pain management, palliative care, pathology, pediatrics, physical...

800 Washington Street

Boston, MA 02111

United States

Founded in 1796

Phone:

617-636-5000

Fax:

617-637-8319

Key Executives for Tufts Medical Center, Inc.

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Interim Chief Administrative Officer and Pediatrician-In-Chief of Floating Hospital for Children
Senior Vice President, Secretary and General Counsel
Age: 66
Compensation as of Fiscal Year 2017.

Tufts Medical Center, Inc. Key Developments

Tufts Medical Center Nurses Will Wage One-Day Strike on July 12 as Last-Ditch Talks Fail to Reach Agreement

The 1,200 registered nurses at Tufts Medical Center, who are represented by the Massachusetts Nurses Association, will conduct an historic one-day strike on July 12, 2017 as the latest round of negotiations held at the federal mediator's office failed to achieve a settlement that ensures patients have the highly skilled nursing care they deserve. The strike will begin at 7 a.m. on July 12, 2017 and run until 6:59 a.m. on July 13, 2017. It will be the first strike by nurses in Boston in over 30 years, and the larger nurses' strike in Massachusetts history. The nurses are seeking much needed improvements in staffing levels to ensure nurses have more time to spend with patients as well as an increase in their salary to keep them competitive with other Boston hospitals (Tufts nurses are the lowest paid nurses in the city) and to preserve and enhance their pension benefit (which is also the worst in the city).

Tufts Medical Center RNs to Hold One-Day Strike on July 12, 2017

The 1,200 registered nurses at Tufts Medical Center, who are represented by the Massachusetts Nurses Association (MNA), delivered a ten-day notice to hospital management on July 1 notifying them of their intent to hold a one-day strike beginning at 7 a.m. on July 12, 2017 and running until 6:59 a.m. on July 13, 2017. The letter, which was addressed to Tufts CEO Michael Wagner, stated that the Tufts RNs, "… will engage in a strike and picketing beginning at 7 a.m. on July 12, 2017 at and about the Medical Center. It is intention to end the strike and picketing at 6:59 am on July 13th with the nurses returning to work at that time. However, if Tufts Medical Center locks out or otherwise prevents RNs from returning to work at that time, MNA will continue its strike and picketing until such time as the lockout or other refusal by the Medical Center to allow the nurses to return to work ceases. The Tufts RNs have been in talks with management for a new contract since April of 2016, and more than 30 negotiating sessions have been held to date. Last week an additional closed-door session was held at the request of the federal mediator who has been involved in the talks since the spring, but that session failed to result in an agreement that addressed the nurses' key issues. The nurses' key issues in these talks continue to be: The need for improved nurse staffing with safer patient assignments for nurses throughout the hospital, The need for more IV nurses and clinical resource nurses, The need to have charge nurses who are free of patient assignments at the start of all shifts, in all units, A charge nurse is an RN who is responsible for managing all aspects of nursing responsibilities during each shift, from processing patients in and out to delegating nursing rounds. Being free of an initial patient assignment will allow Tufts' charge nurses to provide desperately needed support to patients and nurses at the busiest time (i.e., change of shift), The need for wage improvements that will make the hospital market competitive, thereby improving nurse recruitment and retention, The need for pension protections/improvements that will make the hospital market competitive. Simultaneously, hospital management insists on using a fragmented and broken system of temporary reassignment as a way of trying to deal with its chronic staffing challenges. This results in RNs being directed to work on units and floors where they are unfamiliar and/or untrained to safely care for patients. In addition, there are not enough specialty nurses to help with patients' IV needs or in an emergency. In addition to having some of the worst staffing conditions in Boston, Tufts Medical Center has also become the hospital that offers its nurses the lowest wages and retirement benefits in the city. Management has also proposed freezing the defined benefit pension plan for approximately 350 RNs and instituting a divisive, inequitable, and complex catchup mechanism as part of a proposed higher-risk 403(b) matching program. That change would result in significant losses in retirement funding for most nurses. Meanwhile, RNs already in the defined contribution plan would continue to receive the lowest employer contribution of all nurses in the city. The nurses have countered with an innovative proposal that would benefit all RNs while still saving the hospital millions of dollars annually. This proposed plan, which is a multi-employer defined benefit pension plan, would add as much as $11 million to Tufts' bottom line, would eliminate more than $85 million in pension liability, and would save as much as $8 million by eliminating the costs of administering and insuring the existing plan. Management has refused to engage in any real talks on this issue. The nurses voted to authorize this one-day strike on March 29, 2017. They subsequently voted down a last, best, and final contract offer from management on June 8, 2017. It is expected that the federal mediator will call the nurses back for an additional negotiation session prior to the July 12, 2017 strike.

Similar Private Companies By Industry

Company Name Region
@ Home Medical, Inc. United States
@home approach, llc United States
@Home Care United States
1011 E. Pecan Grove Road, LLC United States
1104 Welsh Road Operations LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Tufts Medical Center, Inc., please visit www.tuftsmedicalcenter.org. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.