Yearly raises and market increases were restored Aug. 2 for eligible employees, and Sentaras contributions to 403( b) and 401( k) retirement strategies resume Aug. 23. In October, pay cuts will no longer be in effect for physicians and senior leaders at the Norfolk, Va.-based system..
Twelve-hospital Sentara executed the short-term cuts this spring, consisting of furloughs, minimized hours, an employing freeze, the elimination of some overtime pay and 10 percent to 20 percent decreases in doctor pay. The system decreased to say how much it conserved through these procedures, according to The Virginian-Pilot..
Sentara Health care has actually begun restoring employee benefits and pay that it cut in May, according to The Virginian-Pilot..
On Aug. 12, Sentara announced its plan to combine with Greensboro, N.C.-based Cone Health to form a 17-hospital system with yearly profits of $11.5 billion..
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