Leadership and faculty physicians at Maywood, Ill.-based Loyola Medicine will take three-month pay cuts in response to the COVID-19 pandemic, CEO Shawn Vincent said in an interview with Becker's.
Compensation Issues
Before the coronavirus pandemic, primary care physicians earned an average of $243,000 and specialists earned an average of $346,000 — up 2.5 and 1.5 percent, respectively, from 2019.
UPMC and Allegheny Health Network, both based in Pittsburgh, have largely returned to normal payroll operations after temporarily adjusting them earlier during the COVID-19 pandemic, they confirmed to Becker's Hospital Review.
An estimated 27 million have lost employer-sponsored health insurance and become uninsured after losing their job, according to a report from the Kaiser Family Foundation.
Nurse practitioners have the highest average annual salary in California, according to the most recent U.S. Bureau of Labor Statistics data.
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