The financial and employment effects of coronavirus disease 2019 on physicians in the United States.

Publisher: Elsevier Country of Publication: United States NLM ID: 8407742 Publication Model: Print-Electronic Cited Medium: Internet ISSN: 1097-6809 (Electronic) Linking ISSN: 07415214 NLM ISO Abbreviation: J Vasc Surg Subsets: MEDLINE

Publication: <2008-> : New York, NY : Elsevier
Original Publication: St. Louis, Mo. : Mosby, [c1984-

Income*; COVID-19/*economics ; Employment/*economics ; Financing, Government/*economics ; Insurance, Health, Reimbursement/*economics ; Surgeons/*economics; Ambulatory Care/economics ; COVID-19/legislation & jurisprudence ; Employment/legislation & jurisprudence ; Financing, Government/legislation & jurisprudence ; Humans ; Insurance, Health, Reimbursement/legislation & jurisprudence ; Policy Making ; Practice Management, Medical/economics ; Surgeons/legislation & jurisprudence ; Telemedicine/economics ; Time Factors ; United States

Although the coronavirus disease 2019 (COVID-19) pandemic has created havoc with the U.S healthcare system and physicians, the financial and contractual implications for physicians are now beginning to come to the forefront. Financial assistance from the federal government has mainly been received by hospitals, which have borne the brunt of the COVID-19 illness. Some physician groups have, or are, receiving assistance through a few programs, although the accelerated and advance payments have been suspended. Employed surgeons are now being furloughed, terminated, or persuaded to agree to a significant cut in pay, forego bonuses, or take leave without pay as healthcare systems and some physician groups have started to experience the consequences of halting elective procedures. Newly hired surgeons might be forced in a few cases to agree to delays in starting their employment, new amendments, changes in employment status, and other terms for fear of losing their employment. In the present report, we have explained some agreement terminology and options available to allow physicians to understand the terms of their employment agreement and make their decisions after consulting with an expert healthcare attorney.
(Copyright © 2020 Society for Vascular Surgery. Published by Elsevier Inc. All rights reserved.)

Ann Vasc Surg. 2019 Aug;59:167-172. (PMID: 31077768)

Keywords: COVID-19; Employment; Pandemic; Physician compensation

Date Created: 20200905 Date Completed: 20201204 Latest Revision: 20210110

20240628

PMC7462452

10.1016/j.jvs.2020.08.031

32889069