Most ER providers in the U.S. work for staffing companies that have contracts with hospitals. Those staffing companies are losing revenue as hospitals postpone elective procedures and non-coronavirus patients avoid emergency rooms. Health insurers are processing claims more slowly as they adapt to a remote workforce.
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The memo announced that [Alteon Health] would be reducing hours for clinicians, cutting pay for administrative employees by 20%, and suspending 401(k) matches, bonuses and paid time off. Holtzclaw indicated that the measures were temporary but didn’t know how long they would last.
This is going to become more common in the industry as time moves on with the pandemic. My SO is administrative for Centura Health, they make the majority of their money on family practice (so...
The memo announced that [Alteon Health] would be reducing hours for clinicians, cutting pay for administrative employees by 20%, and suspending 401(k) matches, bonuses and paid time off. Holtzclaw indicated that the measures were temporary but didn’t know how long they would last.
This is going to become more common in the industry as time moves on with the pandemic.
My SO is administrative for Centura Health, they make the majority of their money on family practice (so normal walk in clinics, check ups etc etc). With the current stay at home orders no one is going in for routine stuff and the majority of their work is COVID19 related or critical care.
Without the steady stream of basic medical appointments they are seeing massive losses in revenue.
My SO normally has a staff of 8-10 working under her (again, she is Admin), she is currently working half days with half her staff on a rotating basis. They are trying to cut hours and costs wherever they can because they cannot do so on the front line (basically cutting the hours of non essential staff to pay the overtime of the essentials).
It's really unfortunate, but right now we are just happy she is working.
From the article:
[...]
This is going to become more common in the industry as time moves on with the pandemic.
My SO is administrative for Centura Health, they make the majority of their money on family practice (so normal walk in clinics, check ups etc etc). With the current stay at home orders no one is going in for routine stuff and the majority of their work is COVID19 related or critical care.
Without the steady stream of basic medical appointments they are seeing massive losses in revenue.
My SO normally has a staff of 8-10 working under her (again, she is Admin), she is currently working half days with half her staff on a rotating basis. They are trying to cut hours and costs wherever they can because they cannot do so on the front line (basically cutting the hours of non essential staff to pay the overtime of the essentials).
It's really unfortunate, but right now we are just happy she is working.