Humana reached a $17 million settlement agreement to resolve a class-action case that accused the health insurer of not properly paying overtime wages, according to court documents.
Compensation Issues
Sentara Healthcare has boosted its hourly minimum wage to $15 and is providing across-the-board 3 percent merit pay increases to employees, the organization said.
Though some top executives at Tenet Healthcare received base salary raises last year, the Dallas-based company's CEO and COO ended 2020 with lower total compensation, according to Tenet's shareholder proxy statement.
Norfolk, Va.-based Sentara Healthcare is giving bonuses of up to $1,500 to employees to reward them for their work during the COVID-19 pandemic, the health system said.
HCA Healthcare should look into increasing the role quality metrics plays in executive compensation, a shareholder of the Nashville, Tenn.-based hospital operator proposed.
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Though top executives at Nashville, Tenn.-based HCA Healthcare accepted reductions in their base salaries last year, four of the company's top executives ended 2020 with higher total compensation, according to HCA's shareholder proxy statement.
Winston-Salem, N.C.-based Wake Forest Baptist Health plans to invest $23 million in market adjustments and pay alignments, including raising its minimum wage to $15 per hour, the organization said March 3.
Here are three recent updates on health insurer CEO compensation to know:
Naples, Fla.-based NCH Healthcare, a two-hospital system with about 4,900 employees, said it is increasing staff pay and benefits in recognition of staff's work during the COVID-19 pandemic.
The economic effects from the pandemic may place more pressure on investors to reevaluate the pay packages of CEOs in the future. But for the time being, "we are simply getting wealthier CEOs," according to an annual report from the…