PEORIA, Ill. — Higher-ups of OSF Healthcare will be taking a pay cut, and some employees will be temporarily furloughed.
The healthcare system announced the move Tuesday amid a reduction in inpatient services, surgeries, clinic, and Urgo patients, leading to a reduction in revenue.
“So our activity is down significantly. Our concern is to make sure we, at OSF, after being here 142 years, are going to be here another 142 years,” said CFO Mike Allen.
Allen said top executives will see salary reductions between five and ten percent.
Some professionals will see time off, too. Areas being considered include — but are not limited to — marketing, human resources, and finance.
“We’re offering a leave of absence to some of our Mission Partners who will be able to apply for and be eligible for unemployment payment,” he said.
“They’ll also be able to retain their benefits and seniority with the organization. We expect this to be temporary.
“Other Mission Partners will be able to take paid time off and return to work when our activity levels rise again, and they’ll also still have their seniority and benefits in place.”
