Aurora, Colo.-based UCHealth will not give raises to employees this year amid financial losses due to the COVID-19 pandemic, according to The Denver Post.

The Internal Revenue Service has issued guidance that implements a change in the 2017 tax overhaul that imposed a 21 percent excise tax on compensation paid to executives at some nonprofit organizations, according to Bloomberg Tax.

ThedaCare physicians and advanced practice clinicians will take a 10 percent pay cut to help reduce the Appleton, Wis.-based health system's financial hit due to the COVID-19 pandemic, the organization confirmed to The Post-Crescent.

In a second round of cuts, Renton, Wash.-based Providence plans to reduce the salaries of 1,200 high-paid medical providers to help offset losses from the COVID-19 pandemic, according to OregonLive.

ThedaCare President and CEO Imran Andrabi, MD, will take a 50 percent pay reduction, and other members of the executive team will take a 40 percent cut to help stabilize the Appleton, Wis.-based health system's finances, according to the Appleton Post-Crescent. 

King of Prussia, Pa.-based Universal Health Services' executives and other members of its senior management team are taking salary reductions and donating their pay to a fund that provides financial support to the company's employees. 

Median pay for CEOs of the biggest U.S. companies hit a new record of $13.1 million in 2019, and the leaders of 11 healthcare companies earned $21 million or more last year, according to an analysis by The Wall Street Journal. 

University Hospitals, based in Cleveland, said it will temporarily cut pay for all physicians and clinical leaders in the organization to help offset losses driven by the pandemic.

Primary care physician compensation climbed an average of 2.6 percent from 2018 to 2019, and compensation for most physician specialties also increased, according to data from the Medical Group Management Association. 

Bend, Ore.-based St. Charles Health System said executives are taking pay cuts to help address financial challenges due to the COVID-19 pandemic.

Nurse practitioners have the lowest average annual salary in Tennessee, according to the most recent U.S. Bureau of Labor Statistics data.

About 12,000 employees at Pittsburgh-based Allegheny Health Network will receive bonus payments as part of a new program in recognition of their work during the COVID-19 pandemic.

Some countries are rolling out national hazard pay policies for nurses and other front-line health workers putting their lives at risk amid the COVID-19 pandemic — but not the U.S., according to The Washington Post. 

The corporate impulse to reduce salaries, especially at senior levels, to avoid layoffs is more widespread compared to the last recession, according to The New York Times.

Senior leaders, executives and physicians at Norfolk, Va.-based Sentara Healthcare are taking pay cuts to help address an anticipated $778 million shortfall against projected revenue due to COVID-19, the organization confirmed to Becker's Hospital Review.

Compensation for most physician specialties continued to increase in 2019, according to the Medical Group Management Associations' annual Provider Compensation and Production Report. 

Mount Sinai Health System in New York City has cut crisis pay for its employees, a Mount Sinai spokesperson confirmed to Becker's Hospital Review.

Medscape released its annual Physician Compensation Report May 14, noting that in line with the past decade of its analysis, male physicians continue to earn more money than female physicians — 25 percent more in primary care and 33 percent more in specialty care, to be precise. 

Physicians in Kentucky earn the highest average salary in the U.S., according to a new Medscape survey.

Citing losses related to the COVID-19 pandemic, Chicago-based Rush University System for Health plans to implement executive pay cuts and suspend bonuses, according to The Chicago Tribune.