Sentara Health Temporarily Reduces Executive Salaries

Sentara

Sentara Health’s Senior leaders will see reductions between 10-20 percent

Sentara Healthcare will be making some adjustments to the salaries and benefits of some of its staff and senior team members.

The hospital system was forced to dial back on routine services and procedures in response to the pandemic, leading to a decline in the number of patients being admitted to its hospitals.

Now, Sentara has decided to temporarily change specific benefits and work schedules. Additionally, the salaries of senior leaders and executives will also be cut by 10% to 20%.

A company spokesperson provided the following statement to Norfolk’s 13News Now late last week:

No one could have predicted the magnitude of the economic impact of COVID-19 across the nation. As we’ve seen, no sector is immune. Like other hospital systems around the country, we saw a dramatic decrease in patient volumes following the suspension of routine services. As a result, Sentara made the difficult decision to implement some temporary changes to specific benefits and work schedules. In addition, we are temporarily decreasing base salaries for senior leaders and executives by 10-20%. The changes we made affect everyone at every level. We understand these temporary economic measures will present challenges for our employees, but they are necessary to preserve jobs and keep our dedicated team intact, which is our priority. Our team has done incredible work to keep our community safe and save lives, and we are grateful for their continued commitment.  

The company added that their primary objective was to preserve the jobs of their employees, and emphasized the word ‘temporary’ in discussing the economic changes.

It’s the first phase of cost-cutting measures for the 30,000-employee company, with real estate, construction, and capital projects expected to be next in line amidst the pandemic.

SOURCES: Becker’s Hospital Review, 13News Now

 

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