All hospital employees will see their pay reduced by 2.9 percent while executives and department directors will see a reduction of 3 percent.
The hospital will also cut bonuses and reduce the hospital’s contribution to employee 401(k) plans, according to the report.
Read the Arkansas Democrat Gazette report on the Washington Regional pay reduction.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
