About 12,000 employees at Pittsburgh-based Allegheny Health Network will receive bonus payments as part of a new program in recognition of their work during the COVID-19 pandemic.
Compensation Issues
Some countries are rolling out national hazard pay policies for nurses and other front-line health workers putting their lives at risk amid the COVID-19 pandemic — but not the U.S., according to The Washington Post.
The corporate impulse to reduce salaries, especially at senior levels, to avoid layoffs is more widespread compared to the last recession, according to The New York Times.
Senior leaders, executives and physicians at Norfolk, Va.-based Sentara Healthcare are taking pay cuts to help address an anticipated $778 million shortfall against projected revenue due to COVID-19, the organization confirmed to Becker's Hospital Review.
Compensation for most physician specialties continued to increase in 2019, according to the Medical Group Management Associations' annual Provider Compensation and Production Report.
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Mount Sinai Health System in New York City has cut crisis pay for its employees, a Mount Sinai spokesperson confirmed to Becker's Hospital Review.
Medscape released its annual Physician Compensation Report May 14, noting that in line with the past decade of its analysis, male physicians continue to earn more money than female physicians — 25 percent more in primary care and 33 percent…
Physicians in Kentucky earn the highest average salary in the U.S., according to a new Medscape survey.
RevSpring recently announced their creation of a Financial Distress Indicator™ to help healthcare providers understand which of their patients are most financially impacted by the pandemic.
Citing losses related to the COVID-19 pandemic, Chicago-based Rush University System for Health plans to implement executive pay cuts and suspend bonuses, according to The Chicago Tribune.