Mayo Clinic Restoring Pay and Ending Furloughs Early
Rochester, MN (KROC-AM News) - Employees of the Mayo Clinic received some welcome news today.
The Rochester-based health care provider today announced it is restoring pay levels for staff and will return furloughed workers by the end of August. A Mayo Clinic news release says both actions are well ahead of schedule.
All staff, except for senior leadership, will have their pay brought back to pre-COVID-19 levels in mid-July.
“Because of our staff's teamwork and commitment to patients, our practice reactivation over the past eight weeks has truly exceeded expectations for revised 2020 patient volumes and financial targets,” says Dr. Gianrico Farrugia, M.D., president and CEO, Mayo Clinic. “In short, we are in a much better position than we anticipated, and we're very pleased to be able to restore pay and end furloughs early."
Dr. Farrugia noted that some staff will not return to the Mayo Clinic campus when the furloughs end. He says the pandemic has demonstrated that many people can work effectively from their homes.
The news release says patient volumes reached 85 to 90-percent of normal by mid-June. It also notes that despite the quicker than expected recovery, Mayo is not yet back to the organization's originally planned financial performance for 2020.
When it announced the pay reductions and furloughs in early April, the Mayo Clinic indicated the moves were made to help reduce expenses by $1.2 billion. The financial filing indicated that Mayo was projecting the pandemic would result in a $3 billion loss in revenue for the year.
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