Category: Compensation Issues

Tim Hingtgen, who has served as CEO of Franklin, Tenn.-based Community Health Systems since the beginning of 2021, will get a base salary of $1.25 million this year, according to a Securities and Exchange Commission filing. 

The gender pay gap among top executives at S&P 500 companies grew to the widest it’s been since 2012, and the C-suite will not see gender payment parity until 2060 at the current rate, according to a new report from Morningstar. 

Madison, Wis.-based UW Health will bump minimum wage to $17 an hour, effective May 2022.

Rochester, Minn.-based Mayo Clinic will provide its staff with a minimum 4 percent raise after the system came under fire for a 2 percent raise announced in January, the Post Bulletin reported Feb. 15.

Nonprofit hospital CEOs make an average of eight times more than workers without advanced degrees, according to an analysis by the Lown Institute of more than 1,000 hospitals. 

To boost employee retention and recruitment amid a drastic labor shortage, several hospitals, health systems and states are making major investments in the healthcare workforce.

Norfolk, Va.-based Sentara Healthcare will make a $125 million investment in its employees in 2022 by offering $110 million in pay increases and $15 million in benefit enhancements.

The Maine Department of Health and Human Services said Feb. 9 that it will begin distributing $116 million for new-hire and retention bonuses for home- and community-based employees.

Amid the experiences of the COVID-19 pandemic, there is an opportunity for boards of nonprofit hospitals to rethink how their CEOs are paid, particularly compared to the staff at their facilities, representatives with the Lown Institute wrote in a Feb….

Franklin, Tenn.-based Acadia Healthcare will pay director and CEO Debbie Osteen $900,000 to stay with the company for two extra months, according to a filing with the Securities and Exchange Commission.