Compensation Issues

Olean (N.Y.) General Hospital, part of Upper Allegheny Health System, said it is seeking nurses and offering incentives to help with those efforts.

McKesson is cutting the pay of CEO Brian Tyler by $2.9 million because of the drug distributor's unsettled agreement to pay out of opioid litigation for $8.1 billion. He still made $14.8 million in cash and equity, The Washington Post…

The Wall Street Journal released its annual CEO pay and performance ranking June 1. The publication based its list on compensation figures reported by S&P 500 companies for CEOs who served in their roles for all of 2020.

The average primary care physician's salary amounts to $242,000, while specialty physicians make an average $102,000 more annually, according to a new report from Medscape.

New York City public-sector unions are proposing a plan to switch Medicare beneficiaries to privatized health insurance through Medicare Advantage as early as July 1, a move that would affect 200,000 retirees, according to The Intercept.

A bill under consideration in California would require hospitals, clinics and skilled nursing facilities to invest in COVID-19 bonuses for healthcare workers, the Los Angeles Times reported June 2. 

The following health systems revealed plans in May about offering sign-on bonuses or pandemic appreciation bonuses for workers:

Compensation for most physicians has remained steady, despite financial effects of the COVID-19 pandemic such as lower patient volumes, caps on elective procedures and increased medical practice closures, according to data released May 26 from the Medical Group Management Association.   

Piedmont is offering nurses up to $30,000 in sign-on bonuses to work at the Atlanta-based health system.

Ann Arbor-based Michigan Medicine is giving a $1,500 bonus to faculty and staff in gratitude for their work during the COVID-19 pandemic, officials said May 26.