Category: Compensation Issues
On June 29, the Los Angeles City Council voted unanimously in favor of a $25 minimum hourly wage for workers at privately owned healthcare facilities, according to a news release from a union supporting the measure.
From 2019 to 2021, median total compensation differences for nursing positions varied, but there have been notable increases, according to a report released June 23 from the Medical Group Management Association.
On June 21, the Los Angeles City Council tentatively approved a measure that would increase the minimum hourly wage for workers at privately owned hospitals to $25, according to the Los Angeles Times.
More than 36,000 Walmart and Sam’s Club pharmacy technicians will be paid more than $20 per hour effective this week, according to a June 16 press release.
Network and computer systems administrators, who are responsible for the day-to-day operations of computer networks, make an average of $80,600 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Network and computer systems administrators, who are responsible for the day-to-day operations of computer networks, make an average of $80,600 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Median provider compensation climbed 3.7 percent from 2020 to 2021, compared with a minor 0.1 percent jump from 2019 to 2020, according to a new survey from the American Medical Group Association.
While there’s speculation that wage growth might be “topping out,” CFOs shouldn’t be tricked into thinking that compensation is losing its power to recruit and retain talent, a June 15 Forbes op-ed stated.
Amendments to Illinois law designed to make the pay policies of nurse staffing agencies more transparent take effect July 1.
Physician assistants working within cardiovascular/cardiothoracic surgery earned $147,000 in 2021, marking it the highest paid PA specialty last year, according to the American Academy of Physician Assistants salary survey published June 8.
Pay varies widely within the nation’s 6,000-plus hospitals.
Minnesotans who worked on the front lines of the COVID-19 pandemic can now apply for bonus pay.
The nurse workforce fragility hospitals are experiencing is one result of the dysfunctional incentives for the employment of nurses in the U.S., Vox contends in a policy deep dive.
Computer information and systems managers, a position that includes hospital CIOs, make an average of $162,930 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
From 2019 to 2021, primary care providers and advanced practice providers in the Southern and Western U.S. regions experienced sizable boosts in compensation, according to new data from the Medical Group Management Association.
From 2019 to 2021, primary care providers and advanced practice providers in the Southern and Western U.S. regions experienced sizable boosts in compensation, according to new data from the Medical Group Management Association.
Stéphane Bancel, Moderna’s CEO, was named the most “undervalued” CEO of Fortune’s 500, the publication said May 29.
Primary care physicians earn the most in Mississippi, with about $102,000 more in total median compensation than their counterparts in Arizona, who earn the least, according to new data from the Medical Group Management Association.
Compensation for most physician specialties reached or exceeded pre-pandemic levels last year, according to new data from the Medical Group Management Association.
Former Moderna CFO Jorge Gomez will be paid a $700,000 severance, despite departing the company within one day of taking the role, according to a federal filing.
Norfolk, Va.-based Sentara Healthcare is implementing a 3 percent merit pay increase for eligible employees, up to and including the director level.
The metropolitan areas where healthcare workers in multiple careers earn the highest annual mean wage are concentrated in California, according to the latest data released by the U.S. Bureau of Labor Statistics.
Data scientists, a position increasingly in demand at hospitals, make an average of $108,660 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
The majority of Democrats and Republicans believe CEOs of America’s largest companies are paid too much, according to Reuters.
The median base salary for physician assistants in the U.S. was $113,000 in 2021, compared to $110,000 in 2020, according to the 2022 American Academy of PAs salary report.
The CEOs of Pfizer and Walgreens Boots Alliance are among the highest-paid chief executives of the largest U.S. companies.
Orthopedic physicians have the highest average incentive bonus compared to other specialties, according to Medscape’s “Physician Compensation Report 2022.”
Many companies are lowering performance goals and adjusting numbers they use to determine executive bonuses, making it more likely their leaders will get bonuses no matter how the business performs, according to Bloomberg.
Many companies are lowering performance goals and adjusting numbers they use to determine executive bonuses, making it more likely their leaders will get bonuses no matter how the business performs, according to Bloomberg.
Respiratory therapists in the U.S. make an average of $68,190 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Plastic surgery is the highest-paying physician specialty, according to Medscape’s 2022 Physician Compensation Report.
Plastic surgery is the highest-paying physician specialty, according to Medscape’s 2022 Physician Compensation Report.
Fourteen healthcare CEOs made Equilar’s list of the highest paid CEOs among the 100 largest companies in the U.S. by revenue in 2021.
Physician salaries rebounded 7 percent toward the end of 2021 as routine patient care returned, with primary care physicians earning an average annual compensation of $260,000 and specialists earning an average of $368,000, according to Medscape’s “Physician Compensation Report 2022.”
Pay gaps between male and female physicians persisted across every specialty moving into 2022, according to Medscape’s “Physician Compensation Report 2022.”
Kentucky and Tennessee have the highest average annual compensation for physicians, according to Medscape’s “Physician Compensation Report 2022.”
Outside of physicians, there are other healthcare careers that pay an average of six figures annually in the U.S., or above $80,000, according to the latest data released by the U.S. Bureau of Labor Statistics.
While healthcare workers battle burnout, hospitals have been ramping up wages and other benefits to recruit and retain workers. It has created a culture of competition among health systems as well as travel agencies that offer considerably higher pay.
Waimea-based Queen’s North Hawaii Community Hospital has been struggling to recruit nurses, partially because the Hawaii island hospital pays less than the system’s counterparts on Oahu, Hawai’i Public Radio reported April 13.
The compensation committee of Nashville, Tenn.-based HCA Healthcare’s board of directors has adopted a 2022 performance excellence program for senior executives, according to an April 8 Securities and Exchange Commission filing.
Christopher Hunter will join Acadia Healthcare April 11 as CEO and a member of the Franklin, Tenn.-based company’s board. His base salary will be $1 million, and he’ll also be eligible for a maximum cash bonus of 200 percent of his salary, according to a Securities and Exchange Commission filing.
Christopher Hunter will join Acadia Healthcare April 11 as CEO and a member of the Franklin, Tenn.-based company’s board. His base salary will be $1 million, and he’ll also be eligible for a maximum cash bonus of 200 percent of his salary, according to a Securities and Exchange Commission filing.
Pharmacists in the U.S. make an average of $125,690 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Pharmacists in the U.S. make an average of $125,690 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Business leaders with MBAs do not perform better than those without MBAs and actually drive workers’ wages down, reported CBS News April 4.
Nurse practitioners in the U.S. make an average of $118,040 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
As the workforce shortages worsened and the pandemic caused widespread burnout, many hospitals and health systems saw their labor expenses significantly rise as they were forced to pay more to attract and retain workers.
Annual compensation for CEOs in the U.S. is heading for a record amid worker shortages and inflation, The Wall Street Journal reported April 3.
Physician assistants in the U.S. make an average of $119,460 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Certified registered nurse anesthetists in the U.S. make an average of $202,470 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Registered nurses in the U.S. make an average of $82,750 annually, and nurses in nearly every state make more than the mean annual wage from a year prior, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
Registered nurses in the U.S. make an average of $82,750 annually, and nurses in nearly every state make more than the mean annual wage from a year prior, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics.
King of Prussia, Pa.-based Universal Health Services President and CEO Marc Miller will get a base salary of $1.3 million this year, according to a Securities and Exchange Commission filing.
Tenet Healthcare CEO Saum Sutaria, MD, saw his total compensation more than double in 2021, according to a proxy statement filed by the Dallas-based company March 25.
The CEOs of some of the biggest hospital and health insurance companies reported total compensation of more $19 million last year.
The CEOs of some of the biggest hospital and health insurance companies reported total compensation of more $19 million last year.
New York City employers must include salary ranges for any advertised job, promotion or transfer opportunity, effective May 15. It behooves employers nationwide to take note.
Of 57 companies examined on a 2022 “Racial and Gender Pay Scorecard,” 24 companies received an “F” grade, including five in healthcare.
Several hospitals have recently announced investments in employee compensation. Here are six hospital pay increases by the numbers, as reported by Becker’s:
Some top executives at major for-profit hospital operators saw their total compensation rise last year, while others saw total pay decline.
Top executives at HCA Healthcare received higher salaries last year than in 2020, according to the Nashville, Tenn.-based company’s shareholder proxy statement.
In Maryland, there is still a significant gender gap in physician compensation, even when controlling for age, speciality, hours and practice status, according the state’s medical society.
Pittsburgh, Pa.-based Allegheny Health Network said it will invest more than $92 million in pay increases and benefits.
Ronald Rittenmeyer will serve as executive chair of Tenet Healthcare until the end of 2023 under an amended employment agreement entered into in late February, according to a filing with the Securities and Exchange Commission.
Among age groups, the youngest American workers are experiencing the largest wage gains as employers compete to fill staffing gaps in a tight labor market, The Wall Street Journal reported Feb. 28.
Among age groups, the youngest American workers are experiencing the largest wage gains as employers compete to fill staffing gaps in a tight labor market, The Wall Street Journal reported Feb. 28.
Charlotte, N.C.-based Atrium Health is making a $115 million investment in employee compensation in response to the staff’s work amid the COVID-19 pandemic.
Charlotte, N.C.-based Atrium Health is making a $115 million investment in employee compensation in response to the staff’s work amid the COVID-19 pandemic.
Despite many CEOs cutting their base salaries last year due to the pandemic, those moves had little effect on overall CEO pay, according to an annual report from the nonprofit shareholder advocacy group As You Sow.
About 35 percent of healthcare and social assistance establishments increased wages and salaries, paid wage premiums or provided bonuses because of the COVID-19 pandemic, according to a Feb. 18 Bureau of Labor Statistics report.
Registered nurses in the U.S. make an average of $80,010 annually, but nurses in some states make much more than the mean annual wage, according to the Bureau of Labor Statistics.
Nonprofit hospital CEOs make an average of eight times more than workers without advanced degrees, according to an analysis by the Lown Institute of more than 1,000 hospitals.
Certified registered nurse anesthetists in the U.S. make an average of $189,190 annually, but CRNAs in some states make much more than the mean annual wage, according to the Bureau of Labor Statistics.
Disparities in starting salaries for female and male academic physicians contribute to their earning potential throughout their career, according to a study published Feb. 18 in JAMA Network Open.
Tim Hingtgen, who has served as CEO of Franklin, Tenn.-based Community Health Systems since the beginning of 2021, will get a base salary of $1.25 million this year, according to a Securities and Exchange Commission filing.
The gender pay gap among top executives at S&P 500 companies grew to the widest it’s been since 2012, and the C-suite will not see gender payment parity until 2060 at the current rate, according to a new report from Morningstar.
Madison, Wis.-based UW Health will bump minimum wage to $17 an hour, effective May 2022.
Rochester, Minn.-based Mayo Clinic will provide its staff with a minimum 4 percent raise after the system came under fire for a 2 percent raise announced in January, the Post Bulletin reported Feb. 15.
Nonprofit hospital CEOs make an average of eight times more than workers without advanced degrees, according to an analysis by the Lown Institute of more than 1,000 hospitals.
To boost employee retention and recruitment amid a drastic labor shortage, several hospitals, health systems and states are making major investments in the healthcare workforce.
Norfolk, Va.-based Sentara Healthcare will make a $125 million investment in its employees in 2022 by offering $110 million in pay increases and $15 million in benefit enhancements.
The Maine Department of Health and Human Services said Feb. 9 that it will begin distributing $116 million for new-hire and retention bonuses for home- and community-based employees.
Amid the experiences of the COVID-19 pandemic, there is an opportunity for boards of nonprofit hospitals to rethink how their CEOs are paid, particularly compared to the staff at their facilities, representatives with the Lown Institute wrote in a Feb. 10 article published in Health Affairs.
Franklin, Tenn.-based Acadia Healthcare will pay director and CEO Debbie Osteen $900,000 to stay with the company for two extra months, according to a filing with the Securities and Exchange Commission.
As hospitals and lawmakers urge federal authorities to investigate travel staffing agencies for price-gouging, some travel nurses want the scrutiny redirected toward health systems’ C-suites.
To recognize the work employees are doing during the COVID-19 pandemic, Johnson City, Tenn.-based Ballad Health is giving full-time and part-time team members bonuses of up to $1,250, the health system’s chairman and CEO, Alan Levine, said Feb. 2.
Kelby Krabbenhoft abruptly exited Sioux Falls, S.D.-based Sanford Health in November 2020, days after he sent an email to employees explaining his stance against face masks. Now the former president and CEO is expected to be a symbolic face for opposition to Medicaid expansion.
Physicians employed by group practices owned by health systems are mostly paid based on the volume of care, despite recent insurance companies’ efforts to pay based on quality, a Jan. 28 Rand study published in Jama Health Forum found.
Winston-Salem, N.C.-based Novant Health is investing $40 million into rewards for staff.
Texas is offering hiring bonuses of up to $5,000 to nurses and other healthcare workers at state-supported living centers and state hospitals, the Texas Health and Human Services Commission said Jan. 24.
After announcing raises earlier in January, Rochester, Minn.-based Mayo Clinic is responding to employees who were disappointed in the amount, according to the Post Bulletin.
Several states, hospitals and health systems have made investments to retain and recruit employees as the nation deals with a major workforce shortage.
Several states, hospitals and health systems have made investments to retain and recruit employees as the nation deals with a major workforce shortage.
Beaufort (S.C.) Memorial Hospital has created a homebuyer assistance program to help staff purchase a home or refinance mortgages, with up to $10,000 in assistance.
Rochester, Minn.-based Mayo Clinic will provide its employees with a 2 percent raise in 2022 with a 2.75 multiplier, which is the same as the raise they received in 2020 before the pandemic and less than the national trend, the Post Bulletin reported Jan. 18.
Workers at nine hospitals are still experiencing payment issues from the Dec. 11 ransomware attack on Kronos Private Cloud, according to news reports.
Corpus Christi (Texas)-based Christus Spohn Health System is offering up to $20,000 sign-on bonuses at a nurse recruiting event Jan. 12. The event will be held at its Shoreline Hospital.
A Dec. 11 ransomware attack of Kronos Private Cloud continues to delay pay for healthcare workers in three states, according to news reports.
U.S. hospitals, especially those in rural areas, are struggling to match employee pay with large retailers such as Walmart, Bloomberg reported Jan. 7.
Iowa is paying Favorite Healthcare’s travel nurses $220 per regular hour and $330 per overtime hour, The Gazette reported Dec. 24.
Stories about salary rankings and healthcare CEO compensation were popular among readers this year.
Average pay for physicians increased by 3.8 percent in 2021, but the inflation rate measured by the Consumer Price Index was 6.2 percent, according to Doximity’s “2021 Physician Compensation Report” published in December.
As hospitals and health systems struggle with staff shortages, several are making investments to retain and recruit employees through education, tuition and student loan reimbursement and compensation.