CLEVELAND — University Hospitals Cleveland Medical Center announced it has reduced pay for all clinical leaders by 10% and a 7% pay cut for physicians, including those working on the front lines.
This move comes after the hospital system announced in April that it would reduce hours and pay by 20% for about 4,100 caregivers who are not directly involved in pay care.
In addition to cuts in hours and pay, University Hospitals announced in April that matching contributions to 403 (b) and 401 (k) plans would be suspended beginning the first pay day in May, with planned merit pay adjustments delayed until the end of the calendar year.
University Hospitals received $85 million through the federal stimulus program known as the CARES Act, but said it wasn’t enough to make up for the lower revenues that occurred when nonessential surgeries and procedures were suspended to prepare for a surge in COVID-19 patients.
“Grants are very important, but these aren’t nearly enough to close the significant shortfalls created by the pandemic,” the hospital said in a news release.
UH added, “We are grateful to all of our caregivers and physicians for their commitment, understanding and dedication to our patients as we’ve continued to manage the COVID pandemic. We are confident that through proactive and responsible expense management, UH will remain strong and continue to advance the health and well-being of our communities throughout Northeast Ohio.”