Loyola Medicine Physicians Will Receive Three-Month Pay Cut

Courtesy of Loyola University ChicagoLoyola University Medical Center (above) is one of the Loyola Medicine hospitals cutting its physicians' pay by 15 percent the next few months due to a drop in revenue during the COVID-19 outbreak.

Physicians at Loyola Medicine will receive a 15 percent reduction in pay from May to July, officials said. The pay cut comes in the middle of the COVID-19 pandemic which has been battering Chicago since the city saw its first case back in January. 

As of May 11, there were 31,327 confirmed cases and 1,376 deaths in Chicago alone, The Phoenix reported. 

Shawn Vincent — chief executive officer of Loyola Medicine — wrote in a statement to The Phoenix the pay cuts come as a result of the “suspension of health services during the pandemic,” which caused a drop in revenue.

Vincent said frontline workers won’t receive the pay cut, but it’s unclear who is counted as a frontline worker.

Loyola Medicine has also reduced spending and started fundraising to help makeup lost revenue, Vincent said. 

Loyola Medicine — which includes Loyola University Medical Center (LUMC), Gottlieb Memorial Hospital and McNeal Hospital — is run by Trinity Health, a hospital health system that operates 92 hospitals in 22 states, according to its website

Physicians at LUMC are also professors in Loyola’s Stritch School of Medicine, according to Loyola spokesperson Anna Rozenich. Doctors at LUMC care for patients, teach students and conduct research, she said. 

However, the pay cuts won’t have an effect on Stritch, according to Sam Marzo, dean of the school of medicine.

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