Sentara nixes yearly raise, lowers physician pay as company anticipates $778M drop in income due to COVID-19

VIRGINIA (WAVY)– Sentara Healthcare is making some cuts in action to a considerable drop in client volume and an anticipated $778 million decrease in revenue.

Those cuts include minimizing doctor pay by 10 to 20 percent, nixing annual salary increases for all staff members and reducing or eliminating overtime.

” While these efforts will not be easy, I am requesting your support and understanding as these steps are carried out. We have actually currently instituted an employing freeze and removed most bought labor,” Michael Gentry, Sentara vice president and COO, composed in an email Wednesday.

Gentry said Sentara will be $778 million listed below its earnings expectations if patient volumes return at the business’s