The report, based on data from the Bureau of Labor Statistics, showed that total compensation in the healthcare sector grew by 2 percent for the 12-month period ending March 31. This equals the growth in compensation for all private industry workers for the same period.
According to the report, wages and salaries for the hospital sector, which generally represent around 70 percent of total compensation costs, jumped 0.3 percent in the first quarter of the year and 1.7 percent in the 12-month period ending March 31. This increase is slightly higher than the 1.6 percent increase for the overall private industry.
Read the HealthLeadersMedia report on compensation.
Related Articles on Compensation:
15 Statistics About Specialist Compensation
Salinas Valley Memorial Healthcare Officials Defend CEO’s $4M Retirement Package
Hospital CEO’s Supplemental Retirement Pay Under Fire in California
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
