Richmond, Va.-based Bon Secours Mercy Health plans to invest $17 million over the next three years to raise its minimum wage to $15 per hour, according to local CBS affiliate WTVR.
Compensation Issues
CVS Health and Nashville, Tenn.-based HCA Healthcare are among the top healthcare companies hiring the most managers with salaries of $100,000 or more, according to a Ladders database of high-paying jobs.
New Orleans has the most physician pay growth of all U.S. cities, according to Doximity's 2019 Physician Employment Report.
Neurosurgery is the highest-paying medical specialty, according to Doximity's 2019 Physician Employment Report.
Loyola Medicine, a three-hospital system based in Maywood, Ill., will increase its minimum wage to $15 per hour.
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Four Humana executives said they're selling thousands of shares as stock prices near an all-time high, according to Louisville Business First.
More high-profile CEOs are reducing their annual cash salary to $1. But while some herald the move as altruistic, the truth is most of today's CEOs bring in millions through noncash awards like stocks, according to business newsletter The Hustle.
Jason Lee, Geleen Antonio and Nadia Poluhina from the ECG Management Consultant team explain how recruitment incentives can be included with other cash compensation when making benchmark comparisons.
New models of care, competitive labor markets and policies like the Merit-based Incentive Payment System are changing physician compensation programs, according to a survey conducted by consulting firm SullivanCotter.
The average annual salary of a U.S.-based chief clinical officer is $119,843, according to PayScale data.