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10 most read compensation stories in 2021
Stories about salary rankings and healthcare CEO compensation were popular among readers this year.
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Inflation outpacing growth in physician compensation, Doximity analysis finds
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.
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5 recent investments in employee retention, recruitment
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.
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You Can’t Wait Forever – Provider Compensation and the Medicare Physician Fee Schedule
Organizations that have not already transitioned to using wRVUs from the current Medicare Physician Fee Schedule (MPFS) should plan to make the switch sooner rather than later.
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Women's wage growth outpacing men's
The economic situation for women may be improving since the beginning of the pandemic-induced recession, Intelligencer reported Dec. 15.
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Crozer Health unveils student loan forgiveness program for employees
In an effort to retain and recruit workers, Springfield, Pa.-based Crozer Health will provide some employees with student loan repayment of up $10,000 annually per person to a maximum of $50,000 over five years.
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Physician, RN pay in the US by the numbers
Physician and registered nurse pay varies by specialty, gender and ownership, several recent studies and surveys reported by Becker's found.
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2020 nurse practitioner earnings by healthcare setting
Based on 2020 earnings, nurse practitioners who worked in acute care hospitals reported the highest annual incomes compared to other healthcare settings, according to a report released Dec. 3 by Medscape.
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Important guidelines for selecting quality metrics in physician arrangements
As the value-based care reimbursement environment grows, there is an increasing interest in linking additional physician compensation to the achievement of quality outcomes as measured by certain quality metrics.
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Company policies may drive pay inequality more than differences in workers' skills, study finds
Differences in workers' skills aren't always the biggest reason for pay inequality, a study reported in Bloomberg Dec. 9 reveals.
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Physicians in hospital-owned practices often earn less than those who are independent, study finds
Physician-owned practices acquired by hospitals from 2014-18 led to those physicians earning income that was 0.8 percent lower on average than those who remained independent, a December Health Affairs study found.
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Memorial Sloan Kettering paid $1.9M severance to former CMO
Memorial Sloan Kettering has paid a total of $1.9 million in severance to its former CMO, who resigned in 2018.
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Wyoming hospital offers $1K retention bonus to staff
St. John's Health in Jackson Hole, Wyo., is offering a $1,000 retention bonus to full-time employees, the hospital confirmed to Becker's.
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Female physicians earn $2M less than men over career, study suggests
Female physicians are paid less than male colleagues from the start of their careers and, over the course of a 40-year-career, earn an estimated $2 million less, according to a study published Dec. 6 in Health Affairs.
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5 highest-paying physician specialties
Plastic surgery is the highest-paying physician specialty, according to Medscape's 2021 Physician Compensation Report.
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2020 APRN earnings by group, region
On average, compensation for full-time practicing advanced practice registered nurses increased in 2020 compared to the year before, according to a report released Dec. 3 by Medscape.
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4 recent hospitals, health systems investing in employee compensation, benefits
Amid efforts to recruit and retain workers, hospitals and health systems are investing in employee compensation and benefits.
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Centura Health boosts pay, benefits by $82M
Centura Health is investing an additional $82 million in compensation and benefit changes for its 21,000 employees, the Centennial, Colo.-based health system announced Nov. 30.
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6 recent hospitals, health systems investing in employee compensation
While hospitals and health systems struggle with staff shortages, they're making major investments in employee compensation.
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Spectrum Health to make $117M investment in higher pay, bonuses
To retain and recruit employees, Grand Rapids, Mich.-based Spectrum Health plans to spend $117 million for pay increases and bonuses, MiBiz reported Nov. 21.
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