A Major Medical Staffing Company Just Slashed Benefits for Doctors and Nurses Fighting Coronavirus
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Alteon Health, backed by private-equity firms Frazier Healthcare Partners and New Mountain Capital, will cut salaries, time off and retirement benefits for providers, citing lost revenue. Several hospital operators announced similar cuts.
Emergency room doctors and nurses many of whom are dealing with an onslaught of coronavirus patients and shortages of protective equipment — are now finding out that their compensation is getting cut.
Most ER providers in the U.S. work for staffing companies that have contracts with hospitals. Those staffing companies are losing revenue as hospitals postpone elective procedures and non-coronavirus patients avoid emergency rooms. Health insurers are processing claims more slowly as they adapt to a remote workforce.
“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,” Steve Holtzclaw, the CEO of Alteon Health, one of the largest staffing companies, wrote in a memo to employees on Monday.
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…but we can’t have universal single payer health care because that would be socialist communist Medicare for all Bernie’s plan. So this is what happens when profit from elective surgeries are cut back? I suppose if we have WW3 that companies will have to cut back on pay too because there isn’t enough profit? Yeah …this shit is fucked up! Tell me again just who is getting that 2 trillion bail out right now? What is vital to us right now? Is anyone properly prioritizing where the need is? I hope everyone is happy with their socialist $1200 which won’t save anyone’s ass. Instead we get Mr Rogers Pence on tv tucking the people into bed with a cup of milk.
Fuck the DNC and its heard of goats -
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Steve Holtzclaw needs to have his cranium mounted on a fucking spike and paraded in every town from coast to coast
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