About 12,200 employees of Houston-based Texas Children's Hospital will receive a special stipend to assist them amid the COVID-19 pandemic, the hospital's CEO announced.
Compensation Issues
Alteon Health, one of the largest medical staffing companies in the U.S., reversed its decision April 5 to cut pay and retirement benefits for its physicians and other medical workers, according to ProPublica.
The leaders of two health systems on the East Coast are donating their pay or taking a pay cut to address financial strains caused by the COVID-19 pandemic.
The CEO of Partners HealthCare and presidents from the Boston-based system's hospitals told front-line workers they will not be getting hazard pay during the COVID-19 pandemic, according to Mass Live.
Millions of Americans are grappling with unemployment as COVID-19 forces businesses to close. Many are turning to Medicaid as they lose employer-sponsored health coverage, according to Kaiser Health News.
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Costs due to COVID-19 testing and treatment could cause health insurers to significantly raise premiums for 2021, according to an analysis from Covered California.
After joining HCA Healthcare, Frisbie Memorial Hospital in Rochester, N.H., is no longer in network with Cigna, according to the New Hampshire Union Leader.
The University of Illinois Hospital in Chicago and its nurses union have agreed on pay for nurses working during the COVID-19 pandemic.
Health systems and their associated employed provider networks are beset with immediate financial losses, and future financial uncertainty as elective care was essentially eliminated by the COVID-19 (coronavirus) pandemic in the United States.
The Trump administration will use money earmarked for hospitals in the $2.2 trillion coronavirus rescue package to cover COVID-19 treatment for uninsured patients, President Donald Trump said during an April 3 White House briefing.