April 1, 2020 / By Greg Norman | Fox News
Emergency room doctors and nurses who are putting their personal health at risk to treat coronavirus patients are now seeing their pay, compensation and other benefits being cut as the economic impact from the pandemic is spreading through the medical industry.
Staffing companies that have contracts with hospitals and employ those who work in emergency rooms say the coronavirus has eaten into one of their main sources of revenue: non-essential, elective procedures, which are being postponed nationwide as states are directing facilities to go all-hands-on-deck to fight the growing pandemic.
“Despite the risks our providers are facing, and the great work being done by our teams, the economic challenges brought forth by COVID-19 have not spared our industry,” Alteon Health CEO Steve Holtzclaw wrote in a memo to its employees earlier this week, which was obtained by ProPublica.
The company, which says it employs more than 1,700 clinicians across 16 states and the District of Columbia, reportedly has announced a temporary reduction in hours for clinicians, a 20-percent pay cut for administrative staff and a suspension of 401(k) matches, bonuses and paid time off.
