Bronson Healthcare is cutting its CEO’s salary by 25% as it prepares to attempt a recovery from the COVID-19 pandemic. The health system says other corporate employees are also getting pay cuts, company contributions to retirement accounts will stop for the rest of the year, and some non-clinical staff will be put on 16 week furloughs. Bronson says it’s taken a substantial financial hit from the coronavirus. It’s expecting community spread of the illness to continue through the fall, rather than to surge in the spring, assuming people practice social distancing. Based off that model, Bronson says it’s starting to ramp up surgeries and other procedures within the scope of the governor’s orders with a goal of having the hospitals back to 100% by September.
