Compensation Issues

Citing a financial hit from the COVID-19 pandemic, at least 11 TriHealth executives have taken a 20 percent pay cut, according to The Cincinnati Business Journal. 

CVS Health-owned Aetna will waive copays and cost-sharing for COVID-19 inpatient hospitalizations, the insurer said March 25.

In a recent article by VMG Health, it covered how physicians could ensure their compensation during COVID-19.

Michael Neidorff, the CEO of Centene Corp., took home more than $26 million for the second year in a row, according to the St. Louis Post-Dispatch. 

In response to the financial uncertainties brought by the COVID-19 pandemic, Rochester, Minn.-based Mayo Clinic said it will protect the salaries of its hospital workers until at least April 28, according to the Post Bulletin. 

Several top executives at Nashville, Tenn.-based HCA Healthcare received raises in their base salary in 2019, and Sam Hazen made $26.8 million during his first year as CEO, according to HCA's shareholder proxy statement.

Lyra Health, a technology platform through which employers can offer workers access to personalized mental health treatment, closed a $75 million funding round with participation from the venture arm of Renton, Wash.-based Providence.

The average American woman does four hours of unpaid labor per day, compared to a man's two and a half hours, according to an editorial in The New York Times based on data from an Oxfam analysis. 

Hospitals of all sizes are finding it increasingly difficult to achieve financial success while also ensuring their physicians are appropriately compensated. To get there, hospitals must include these three main ingredients in their overall strategy: compensation plans suited to the…

Female department chairs at U.S. medical schools are paid $70,000 to $80,000 less than their male counterparts each year, a new analysis of salary data from medical schools found.