SEIU Local 521, a union representing employees of the Bakersfield, Calif.-based Kern County Hospital Authority, has accused the system of overpaying two private consulting firms that provide its top executives.
Compensation Issues
Primary care compensation climbed 6.1 percent from 2021 to 2022, compared to 1.5 percent and 1.6 percent increases for medical and surgical specialties, respectively, according to a new survey from the American Medical Group Association.
Leaders at University of New Mexico Hospital in Albuquerque have taken a pay cut as part of efforts to improve the organization's financial picture.
Salary transparency laws have extended to more than one-quarter of the U.S. labor force, according to an estimate from the National Women's Law Center — but not all covered organizations have embraced them, The New York Times reported June 20.
Los Angeles voters will decide on a measure that would cap pay of hospital executives.
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The following hospitals and health systems have announced or shared plans for raising workers' pay since May 20.
Hollywood, Fla.-based Memorial Healthcare System has raised its minimum wage from $15 to $16 per hour.
The Wall Street Journal analyzed data for 278 companies in the S&P 500 index, finding compensation for the median worker ticked higher in 2022 than the year before as the median pay package for CEOs slightly declined.
Physician compensation continued to rise in 2022, with 60 percent reporting a family net worth above the national average, according to Medscape's "Physician Wealth & Debt Report" published June 9.
Health systems nationwide are short registered nurses; many are raising pay to attract more amid inflation.