Cam Patterson, MD, chancellor of the Little Rock-based University of Arkansas for Medical Sciences, was approved for a 33 percent pay increase by trustees, the Arkansas Democrat Gazette reported Nov. 18.

The average annual salary for registered nurses, excluding bonus pay such as overtime, climbed about 4 percent since Jan. 1 to $81,376, according to healthcare consultants Premier, which examined salaries of about 60,000 nurses for The Wall Street Journal.

Kelby Krabbenhoft, the former president and CEO of Sanford Health who abruptly departed in late 2020, received a more than $49 million payout, according to federal tax documents obtained by Forum News Service.

The unique business challenges created by the pandemic have made companies more willing to pay up for those with the right skills, as MBA graduates saw their median income soar, The Wall Street Journal reported Nov 15. 

Advocate Aurora Health will invest $93 million to boost its minimum hourly wage, the health system said Nov. 11.

The former CEO of Campbell County Health in Gillette, Wyo., has received $675,000 as part of her contract-obligated severance package. 

Bellevue, Wash.-based Overlake Medical Center & Clinics is investing $23 million in its workforce, which includes retention bonuses and a minimum wage increase.

To recruit more employees, Tuscaloosa, Ala.-based DCH Health System is providing nurses with an $18,000 sign-on bonus, WVUA 23 reported Nov. 8.

As hospitals and health systems struggle with staff retention, some are increasing wages to attract employees.

To improve retention and recruitment, Bangor-based Northern Light Eastern Maine Medical Center is increasing its minimum wage to $17 an hour, which will affect nearly 2,000 employees, the Bangor Daily News reported Nov. 5.

As healthcare organizations struggle with employee burnout and staff retention, they're making several changes to compensation.

Amid staffing strain during the COVID-19 pandemic, many facilities are offering their employees bonuses to attract and retain staff and thank employees for their work.

Fishersville, Va.-based Augusta Health will spend $10.6 million on employee compensation improvements, which go into effect Dec. 5.

All 92,000 staff members of the University of Pittsburgh Medical Center are set to receive a $500 bonus to thank them for their work during the COVID-19 pandemic.

As prices continue to rise with inflation, some wages are also increasing. However, economists aren't predicting the classic wage-price spiral that historically occurs to keep inflation high, The Wall Street Journal reported Oct. 31. 

Cleveland-based health systems are offering incentive pay to nurses as they face staffing challenges amid the COVID-19 pandemic, according to cleveland.com, a news and information website.

Hauppauge, N.Y.-based Hallmark Health Care Solutions is providing hospitals with real-time reports of hourly nurse rates and other healthcare rates, according to an Oct. 21 news release obtained by Becker's.

Confluence Health in Wenatchee, Wash., is investing about $2.62 million in its employees by giving $625 bonuses to those who stayed on the job after the vaccination deadline, KPQ reported Oct. 21.

Nuvance Health reported a net loss of over $130 million last fiscal year while President and CEO John Murphy, MD, took home $12.8 million in fringe benefits, the News-Times reported Oct. 21.

The compensation and benefits package of Nashville General CEO Joseph Webb has been reduced in advance of contract negotiations after his increasing salary raised questions, the Tennessean reported Oct. 20.