Category: Compensation Issues

California hospitals raising pay amid delayed wage law

In June, California Gov. Gavin Newsom and state legislators reached an agreement to delay the start of minimum wage increases for healthcare workers to at least October. However, some hospitals have already started raising pay, CalMatters reported July…

Hospital consolidations linked to higher CEO pay: Study

CEO salaries at nonprofit systems increased significantly between 2012 and 2019, and it could be a factor in hospital consolidation, one study found.

New York healthcare receives $22.5M in workforce training

Twenty-eight healthcare facilities in New York will receive grant funding for training additional healthcare workers.

ChristianaCare hikes minimum wage for 2nd time in 5 years

ChristianaCare, a three-hospital health system based in Wilmington, Del., is increasing its hourly minimum wage from $15 to $16.50.

Physician net worth above $5M, by specialty

Physician compensation continued to rise in 2023, with 60% reporting net worth above $1 million, according to Medscape’s “Physician Wealth & Debt Report” published June 16. 

Pay gaps persist for women in medicine: 3 takeaways

Women account for an increasing number of medical school graduates and healthcare leaders, yet gender harassment and pay gaps remain, a recent report found.

5 takeaways from CEO and CFO compensation report

Compensation Advisory Partners’ July 12 report highlighted compensation trends for CFOs and CEOs in 2023 based on 132 companies with a median revenue of $14.6 billion. Here are the key takeaways:

Steward paid CEO $3.8M salary in the year before bankruptcy filing

Steward Health Care CEO Ralph de la Torre, MD, made a gross salary of $3,766,461 from May 8, 2023, to April 11, 2024, according to July 12 bankruptcy court documents obtained by Becker’s. 

Physician pay, productivity trends are unsustainable: AMGA

Specialists saw a larger pay bump than primary care physicians last year on average, according to AMGA’s 2024 Medical Group Compensation and Productivity Survey.

Travel nurse pay by state

Average weekly travel nurse pay in the U.S. in June was $2,298.18, down 0.79% from the previous month and 5.23% from June 2023, according to data shared with Becker’s from Vivian, a healthcare career marketplace.