Compensation Issues

Many companies are lowering performance goals and adjusting numbers they use to determine executive bonuses, making it more likely their leaders will get bonuses no matter how the business performs, according to Bloomberg. 

Respiratory therapists in the U.S. make an average of $68,190 annually, according to the latest data released March 31 by the U.S. Bureau of Labor Statistics. 

Plastic surgery is the highest-paying physician specialty, according to Medscape's 2022 Physician Compensation Report. 

Fourteen healthcare CEOs made Equilar's list of the highest paid CEOs among the 100 largest companies in the U.S. by revenue in 2021.

Physician income rebounded toward the end of last year as routine patient care returned, with primary care physicians earning an average annual compensation of $260,000 and specialists earning an average of $368,000, according to Medscape's "Physician Compensation Report 2022." 

Pay gaps between male and female physicians persisted across every specialty in Medscape's "Physician Compensation Report 2022."

Kentucky and Tennessee have the highest average annual compensation for physicians, according to Medscape's "Physician Compensation Report 2022."

Outside of physicians, there are other healthcare careers that pay an average of six figures annually in the U.S., or above $80,000, according to the latest data released by the U.S. Bureau of Labor Statistics.

While healthcare workers battle burnout, hospitals have been ramping up wages and other benefits to recruit and retain workers. It has created a culture of competition among health systems as well as travel agencies that offer considerably higher pay.

Waimea-based Queen's North Hawaii Community Hospital has been struggling to recruit nurses, partially because the Hawaii island hospital pays less than the system's counterparts on Oahu, Hawai'i Public Radio reported April 13.