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Valley Health implements plan to ensure employee income

21 April 2020 Covid19 News

Valley Health is implementing a Paycheck Protection Plan designed to retain and pay staff for the next 90 days at minimum. Due to elective surgeries and procedures being postponed and a change in focus to telehealth visits, Valley Health has lost a large source of its income, and employees have been working fewer hours. However, thanks to $50 million in reserve funds, Valley Health will maintain a minimum of 70% of the base pay for all employees with reduced hours.

In addition to this, Valley Health is putting into place a system-wide hiring freeze for non-essential positions, reduced hours for non-essential staff, required use of paid time off, adjustments in employee compensation and deferring all non-essential capital spending. This will allow for employees to remain on staff and ensure an easy transition when normal operations resume.

“We are cautiously optimistic that these short-term measures will keep Valley Health in a strong position, so we can quickly and efficiently ramp back up to capacity when this crisis ends,” said Valley Health President and CEO Mark H. Merrill.

To stay up to date on COVID-19 in the Shenandoah Valley, see our COVID-19 updates post.

For more news from across the Shenandoah Valley, click here. 

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