New physician compensation report reveals modest pay gains but growing discontent with the profession
Editor's Note An April 2024 Physician Compensation Report from Medscape shows that 2023 was “another year of steady pay gains for US physicians,” Medscape April 12 reports. However, physicians are not content with their “take-home pay,” still seeing their profession as being underpaid. Some takeaways from the report include: On…
Decade of salary data shows mix of small gains, stagnation for OR leaders
Takeaways OR leaders have experienced financial gains over the past 9 years, but not enough to keep up with inflation in recent years. Capital and operating budget responsibilities have increased over the past 6 years. Since 2015, OR leaders have consistently been most satisfied with their current job, but much…
Hospital institutes $100,000 bonuses to improve nurse retention
Editor's Note Palomar Health, a hospital system in Escondido, California, reports improvement in nurse retention after instituting $100,000 sign-on bonuses for new nurses and $100,000 retention bonuses to current staff paid over a three-year period. Becker’s Hospital Review reported the news on January 17. The $100,000 bonuses were instituted in March…
Survey: Compensation rising for in-demand APPs
Editor's Note According to the 2023 survey from consulting firm SullivanCotter, published in August 2023, compensation for Advanced Practice Providers (APPs) has grown at a faster rate than pay for physicians and nurses, BusinessWire November 15 reports. The final report included data on more than 124,000 individual APPs and over…
Gender pay gap identified for gastroenterologists
Editor's Note According to a report by researchers from the University of Virginia Healthcare System, there is a significant gender pay gap in Center for Medical Services (CMS) reimbursements for gastroenterologists, Gastroenterology & Endoscopy News October 19 reports. The findings were reported in this poster presentation as well as first…
Survey: Dip in satisfaction with little change in compensation
In an era where the changing landscape of healthcare is placing enormous strain on OR leaders, compensation has increased only slightly, according to the 2023 OR Manager Salary/Career Survey. More than one-third (36%) of respondents earn $150,000 or more, up from 27% last year, but only slightly higher than 2021’s…
Survey: Compensation rises slightly for ASC leaders amid on-going pressures
Compensation is trending slightly higher for ambulatory surgery center (ASC) leaders, according to the 2023 OR Manager Salary/Career Survey, with 68% of respondents reporting a total annual compensation of $120,000 or more, up from 50% in 2022 and 40% in 2021. However, higher wages are unlikely to sufficiently offset the…
Survey: Surgical volumes surge in midst of staffing woes
Takeaways It takes an average of 112 days to fill an open RN position and 130 days to fill an open ST position, according to survey results. Turnover rates have decreased slightly but remain high. Most OR leaders are finding it more difficult to recruit RNs and STs, compared to…
Best hospitals to work as a nurse
Editor's Note NurseJournal.org recently listed the best hospitals to work as a nurse. The hospitals were chosen, based on rankings from the Centers for Medicare and Medicaid Services, American Nurses Credentialing Center Magnet Recognition Program, and Hospital Consumer Assessment of Healthcare Providers and Systems survey. Each hospital on the list…
RN pay in California highest for all 50 states, adjusted by cost of living
Editor's Note The state with the highest average hourly wage for RNs, adjusted by cost of living, is California at $42.65, the March 27 Becker’s Hospital Review reports. Texas comes in second at $41.85, followed by Minnesota at $41.74, Georgia at $41.28, and Illinois at $41.17, for the top five.…
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