Dick Smith, human resources officer, told the Enterprise that department directors and senior leadership at the hospital also received back pay for their temporary pay cuts. CEO Doug McMillan said he will not take back pay, according to the newspaper.
The health system made the decision about back pay after examining its finances. Like many health systems across the U.S., Cody Regional Health took steps to offset financial losses due to the pandemic, which included pay cuts. The health system also furloughed some staff.
Separate from those measures, Cody Regional Health laid off five people in the patient finance department July 22 when the back pay was announced, the Enterprise reports. Mr. Smith emphasized that the decisions were unrelated and that the layoffs were not a reflection of employee performance.
More articles on compensation:
Massachusetts hospital cuts CEO pay, freezes wages
Erlanger to restore CEO, other leaders’ salaries in August
UHS execs take pay cuts to support employee assistance fund
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.
