Top executives at HCA Healthcare received higher salaries last year than in 2020, according to the Nashville, Tenn.-based company's shareholder proxy statement.
Compensation Issues
In Maryland, there is still a significant gender gap in physician compensation, even when controlling for age, speciality, hours and practice status, according the state's medical society.
Pittsburgh, Pa.-based Allegheny Health Network said it will invest more than $92 million in pay increases and benefits.
Ronald Rittenmeyer will serve as executive chair of Tenet Healthcare until the end of 2023 under an amended employment agreement entered into in late February, according to a filing with the Securities and Exchange Commission.
Among age groups, the youngest American workers are experiencing the largest wage gains as employers compete to fill staffing gaps in a tight labor market, The Wall Street Journal reported Feb. 28.
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Charlotte, N.C.-based Atrium Health is making a $115 million investment in employee compensation in response to the staff's work amid the COVID-19 pandemic.
To retain workers, Yakima (Wash.) Valley Memorial is investing $14.8 million in employee compensation and bonuses.
Despite many CEOs cutting their base salaries last year due to the pandemic, those moves had little effect on overall CEO pay, according to an annual report from the nonprofit shareholder advocacy group As You Sow.
About 35 percent of healthcare and social assistance establishments increased wages and salaries, paid wage premiums or provided bonuses because of the COVID-19 pandemic, according to a Feb. 18 Bureau of Labor Statistics report.
Registered nurses in the U.S. make an average of $80,010 annually, but nurses in some states make much more than the mean annual wage, according to the Bureau of Labor Statistics.