Tag: Compensation

Nurse practitioner earnings rise

Editor's Note The average annual wage for nurse practitioners has increased by a total of more than $16,000 since 2019, according to a May 23 report in Becker’s ASC Review. In 2019, the mean annual wage was $111,840, compared to $128,490 in 2023, according to the report, which cites data…

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By: Matt Danford
May 28, 2024
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ASC staffing woes persist in era of increased surgical volume

Data and surveys

The past 10 years of data from the OR Manager Salary/Career Survey reflects many challenges in the healthcare environment, particularly those associated with the COVID-19 pandemic. ASC leader respondents report that staffing difficulties have become particularly challenging. For example, only 15% of respondents to the 2014 survey reported increased RN…

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By: Cynthia Saver, MS, RN
April 19, 2024
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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…

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By: Tarsilla Moura
April 17, 2024
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Decade of salary data shows mix of small gains, stagnation for OR leaders

Data and surveys

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…

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By: Cynthia Saver, MS, RN
March 22, 2024
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2024 limits set for non-monetary physician compensation

Editor's Note: Non-monetary compensation to physicians is limited to no more than $507 for calendar year 2024, according to a report on the federal Stark Law published December 27 in Lexology. The Stark Law applies to non-cash or cash-equivalent payments from hospitals, physician groups, labs and other provider entities. The…

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By: Matt Danford
January 10, 2024
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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…

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By: Brita Belli
November 15, 2023
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Maximizing surgical excellence: Strategies for attracting top surgeons

A 2021 report by the Association of American Medical Colleges projects shortages of 15,800 to 30,200 in all surgical specialties by 2034. Driven by various factors, including the growing healthcare needs of an aging population, an aging surgical workforce—with many surgeons and nurses nearing retirement—and limited capacity in medical and…

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By: Jeff Robbins
November 2, 2023
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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…

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By: Cynthia Saver, MS, RN
September 26, 2023
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Five healthcare organizations raising nurses’ pay

Editor's Note Becker’s Hospital Review on October 25 reported that the following five hospitals and healthcare systems have announced plans to raise nurses’ pay. The five are: Jersey Shore University Medical Center, Neptune City, New Jersey—union contract pay increase between 8% and 11% UMass Memorial Health, Worcester, Massachusetts—union contract pay…

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By: Judy Mathias
October 28, 2022
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Survey: Some improvement in satisfaction, but stagnant compensation

Data and surveys

As the response to the COVID-19 pandemic becomes embedded in hospitals, OR leaders’ satisfaction with their job is improving, according to the 2022 OR Manager Salary/Career Survey. Nearly three-fourths (72%) view their current job favorably, up from 64% last year and just below 2020’s 77%. However, satisfaction with many other…

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By: Cynthia Saver, MS, RN
September 27, 2022
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