Chattanooga, Tenn.-based Erlanger Health System in August will restore the salaries of its CEO and other leaders that were reduced to offset losses prompted by the COVID-19 pandemic, according to the Chattanooga Times Free Press.
Compensation Issues
To help offset revenue losses attributed to the COVID-19 pandemic, many hospitals have implemented pay cuts for staff, including physicians.
Martha's Vineyard Hospital in Oak Bluffs, Mass., will cut CEO pay and freeze wages of nearly all employees to address financial damage from the COVID-19 pandemic, according to the Vineyard Gazette.
Salary history bans limit employers' ability to ask applicants about past earnings, and effectively halt residual pay gaps from persisting, which is shown to benefit all applicants — but women and African Americans, especially.
Harvard Pilgrim Health Care, a nonprofit health plan in New England that covers 3 million members, is providing $32 million in premium credits to its customers.
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Aurora, Colo.-based UCHealth will not give raises to employees this year amid financial losses due to the COVID-19 pandemic, according to The Denver Post.
High-deductible health plans are changing the way patients pay for and access care, and not in a good way, according to a survey of independent physicians conducted by NORC at the University of Chicago.
The Internal Revenue Service has issued guidance that implements a change in the 2017 tax overhaul that imposed a 21 percent excise tax on compensation paid to executives at some nonprofit organizations, according to Bloomberg Tax.
ThedaCare physicians and advanced practice clinicians will take a 10 percent pay cut to help reduce the Appleton, Wis.-based health system's financial hit due to the COVID-19 pandemic, the organization confirmed to The Post-Crescent.
Blue Cross and Blue Shield of Alabama and its pharmacy benefits manager upped their rates for independent drug stores, according to the Alabama Daily News.