Top executives from Denver Health Medical Center received 2019 performance bonuses ranging from $50,000 to $230,000 one week after front-line workers were asked to take unpaid leave or cut their hours due to the financial hit from the COVID-19 pandemic,…
Compensation Issues
Several health insurers are extending prior authorizations for elective services that have been canceled or deferred because of COVID-19.
Health systems have offered their employees bonus payments in April to recognize their work fighting COVID-19.
A union representing healthcare workers at the University of Chicago Medicine is calling for hazard pay for their members amid the COVID-19 pandemic, according to CBS Chicago.
Rockford, Ill.-based Mercyhealth said it is no longer accepting patients who are insured by several private Medicaid insurers because of low reimbursement, according to local news station WIFR.
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Cleveland-based University Hospitals will reduce hours and pay by 20 percent for about 4,100 workers not directly involved in patient care, the health system announced April 22.
Citing financial challenges due to COVID-19, Greenville, N.C.-based Vidant Health said it will reduce compensation for executives and staff through furloughs, salary reductions, and schedule and shift adjustments, effective April 26.
New Hyde Park, N.Y.-based Northwell Health is giving front-line staff responding to the COVID-19 pandemic a $2,500 lump-sum payment and a week of paid time off.
About 1 in 5 physicians have experienced a furlough or pay cut during the COVID-19 pandemic, according to a new survey from physician recruiting firm Merritt Hawkins.
Eligible Yale New Haven (Conn.) Health system employees will receive a payment to recognize their work during the COVID-19 pandemic, according to an internal memo obtained by Becker's Hospital Review.