Hunter
09/02/23
The CEO of Mercy Iowa City has notified employees that three benefit programs have been temporarily suspended ahead of the expected sale of the entity to the University of Iowa.
The Gazette reports Mercy’s service awards program will be suspended until further notice, according to an email Thursday from President and Chief Executive Officer Tom Clancy, advising employees to “redeem any unused points” accrued through the program by Sept. 27.
Additionally, the wellness assessments program for employees has been suspended, though it was announced that they will still be eligible for free flu shots this fall.
Lastly, a program that offers emergency financial aid to employees administered by a confidential program for crisis and health benefit assistance has also been put on hold.
Participants in the hospital’s pension plan have been assured that their monthly checks will continue for now.
CEO Clancy said in his email to employees that he hoped the hospital’s new partner will see the value in the employee programs, and either reinstate them or replace them with better ones.
The UIHC has put in a bid of $20 million for the hospital and its properties; creditors and bondholders are objecting to the timeline of the sale and a hearing to approve Mercy’s request will be held September 13th.