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Even As They Battle Covid-19, More US Healthcare Workers Expect Pay Cuts

Shift reductions, canceled procedures and deferred bonuses cut compensation for clinicians, including those battling coronavirus.

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Even As They Battle Covid-19, More US Healthcare Workers Expect Pay Cuts
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With hospital revenue down due to reduced non-Covid-19 care and canceled elective procedures, US healthcare providers predict their paychecks will shrink. According to Bain & Company’s latest survey, 40% of providers expect their compensation for the next three months (May to July) will be lower than it was in the same period last year. Pay cuts are expected for all specialties and locations. Frontline providers and primary care physicians expect to take a hit due to reduced time seeing patients, while 40% of specialists cite canceled elective procedures as the cause.

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