March 31, 2020 / MATTHEW WEINSTOCK
Boasting a healthy financial sheet, HCA Healthcare does not have any immediate plans to furlough staff due to the COVID-19 outbreak.
“Many companies have had to use furloughs or even layoffs to deal with the dire economic consequences caused by this pandemic. We are not in that financial position and hope to avoid having to take these measures,” CEO Sam Hazen wrote in a letter to staff today.
The health system will try to redeploy full- and part-time staff who are seeing reduced hours. Those who can’t be redeployed will be eligible for a “special pandemic pay program” that continues 70% of their base pay for up to seven weeks.