Plastic surgery is the highest-paying physician specialty, according to Medscape's 2021 Physician Compensation Report.
Compensation Issues
On average, compensation for full-time practicing advanced practice registered nurses increased in 2020 compared to the year before, according to a report released Dec. 3 by Medscape.
Amid efforts to recruit and retain workers, hospitals and health systems are investing in employee compensation and benefits.
Centura Health is investing an additional $82 million in compensation and benefit changes for its 21,000 employees, the Centennial, Colo.-based health system announced Nov. 30.
While hospitals and health systems struggle with staff shortages, they're making major investments in employee compensation.
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While less than 1 percent of companies have increased health insurance premiums for employees not vaccinated against COVID-19, 13 percent of all companies have considered an increase — with 20 percent of large companies considering a hike, according to NPR.
To retain and recruit employees, Grand Rapids, Mich.-based Spectrum Health plans to spend $117 million for pay increases and bonuses, MiBiz reported Nov. 21.
Matthew Matthiessen, CEO of John C. Fremont Healthcare District in Mariposa, Calif., took a salary reduction this year after requesting that the board of directors continue a pay cut that he had started to take shortly after the COVID-19 pandemic…
About halfway through 2021's open enrollment period, 88 percent of Medicare Advantage plans purchased on marketplaces have $0 premiums, according to a Nov. 18 survey from eHealth.
Cam Patterson, MD, chancellor of the Little Rock-based University of Arkansas for Medical Sciences, was approved for a 33 percent pay increase by trustees, the Arkansas Democrat Gazette reported Nov. 18.