HCA’s CEO donates salary to employee assistance fund

The CEO of major hospital system HCA Healthcare announced he will donate the next two months of salary to a fund to help system workers struggling with reduced hours during the COVID-19 pandemic.

The senior leadership team of the system also will take a 30% cut in pay for the duration of the pandemic, CEO Sam Hazen announced in a letter to employees Tuesday.

He added the board has waived cash compensation for the rest of the year.

The decision comes as some hospital systems across the country are reducing hours or furloughing workers due to low patient volumes and a lack of revenue from elective procedures that have been canceled.

HCA Healthcare, which has 184 hospitals, has had to reduce hours for employees.

“Many of our outpatient facilities, clinics and departments have closed,” Hazen wrote.

Any employee that can’t be redeployed can be eligible for a pandemic pay program that continues paying 70% of their base salary for up to seven weeks.

Source: Fierce Healthcare