The University of California in Oakland has offered wage increases totaling $260 million to members of the Union of Professional and Technical Employees who work across its 10 campuses, six academic health systems and three nationally affiliated labs.

About 700 resident physicians and fellows at the University of New Mexico in Albuquerque will receive a 5% salary increase, union and UNM spokespeople confirmed to Becker's.

More than 800,000 healthcare workers in New York have received bonuses of up to $3,000 per person from the state through the Health Care Worker Bonus Program.

Employees at Albuquerque-based University of New Mexico Hospital's campuses will receive raises as the hospital obtains increased Medicaid reimbursement. 

A recent survey by SullivanCotter highlights the range of performance measures in health systems' annual incentive programs for executives and managers. 

Orthopedic surgeons earn the highest average starting salary ($686,000) among physicians, while pediatricians have the lowest starting salary ($244,000), according to AMN Healthcare's "Review of Physician and Advanced Practitioner Recruiting Incentives," published Aug. 5.

In the post-pandemic era, hospitals and health systems are focused on how to manage their healthcare workforce in a way that meets employees' needs and aligns with organizational goals. For Salt Lake City-based University of Utah Health, this involves a willingness to depart from previous approaches.

The rising cost of labor is among the core concerns at healthcare organizations across the U.S., including on the physician side.

Average weekly travel nurse pay in the U.S. in July was $2,274.61, down 1.01% from the previous month and down 5.32% from July 2023, according to data shared with Becker's from Vivian, a healthcare career marketplace.

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 29. 

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

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

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

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. 

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

Compensation Advisory Partners' July 12 report highlighted compensation trends for CFOs and CEOs in 2023, based on data from 132 companies, including those in the healthcare sector, with a median revenue of $14.6 billion. Here are the key takeaways:

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. 

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.

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.

Elon Musk, CEO of Tesla, is the wealthiest person in the world, with a net worth of $221.4 billion, according to Forbes' "Top 10 Richest People In The World (July 2024)" list published July 1.