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6 hospitals, health systems offering sign-on or pandemic bonuses
The following health systems revealed plans in May about offering sign-on bonuses or pandemic appreciation bonuses for workers: -
Physician compensation grew most for these 6 specialties
Compensation for most physicians has remained steady, despite financial effects of the COVID-19 pandemic such as lower patient volumes, caps on elective procedures and increased medical practice closures, according to data released May 26 from the Medical Group Management Association. -
Piedmont offering up to $30K sign-on bonus for nurses
Piedmont is offering nurses up to $30,000 in sign-on bonuses to work at the Atlanta-based health system. -
Michigan Medicine to give $1,500 appreciation bonuses to employees
Ann Arbor-based Michigan Medicine is giving a $1,500 bonus to faculty and staff in gratitude for their work during the COVID-19 pandemic, officials said May 26. -
It takes 42 days more for women's earnings to catch up to those of men
It would take 42 additional days of work for women to earn what men did last year, meaning the earnings gap remained unchanged in 2020, according to analysis from Pew Research Center. -
Maine health system boosts minimum starting pay
Northern Light Health will increase its minimum starting pay rate to $15 an hour to help retain and attract workers, the Brewer, Maine-based health system said May 24. -
Tech's gender wage gap narrowed slightly in 2020: 4 things to know
Men in the tech industry were offered higher salaries than women for the same job title at the same company 59 percent of the time in 2020, down from 65 percent in 2019, according to a report released May 19 by tech job matching company Hired. -
Alabama health system employees to receive $1K pandemic bonuses
Huntsville (Ala.) Hospital Health System said it's giving eligible full-time employees a $1,000 bonus as an expression of gratitude for their work during the COVID-19 pandemic. -
New Mexico rehab hospital offers $15K sign-on bonuses to nurses
Encompass Health Rehabilitation Hospital of Albuquerque (N.M.) is offering new full-time registered nurses $15,000 sign-on bonuses if they sign a two-year work commitment, the hospital said in an announcement about its hiring event May 19. -
Baylor Scott & White employees to get $500 appreciation bonuses
Baylor Scott & White Health said it's giving a $500 bonus to employees in gratitude for their work the last 14 months during the COVID-19 pandemic. -
UHS, Walgreens, Labcorp among S&P 500 companies with lowest worker wages
Several healthcare companies, including King of Prussia, Pa.-based Universal Health Services, Walgreens and Labcorp, were called out in a new report that highlights the 100 S&P 500 companies with the lowest median worker wages in 2020. -
Baptist Health System offers $20K sign-on bonuses to nurses, care associates
Baptist Health System in San Antonio is offering new nurses, as well as patient care and lab associates, up to $20,000 sign-on bonuses, the health system said in an announcement about its upcoming hiring event May 11. -
Union takes aim at HCA exec compensation in ad campaign
Service Employees International Union, which represents more than 1 million healthcare workers, is taking aim at Nashville, Tenn.-based HCA Healthcare for what it calls runaway executive competition in an advertising blitz. -
Jefferson Health drops policy linking physician bonuses, patient fundraising referrals
Philadelphia-based Jefferson Health has dropped a policy that linked some physician bonuses to patient referrals to its fundraising office, according to The Philadelphia Inquirer. -
Johns Hopkins hikes minimum wage for more than 6,300 workers in Florida, Maryland
Johns Hopkins University and Johns Hopkins Health System, both based in Baltimore, are boosting their minimum wage to $15 per hour, they said May 6. -
Tennessee hospital still behind on paychecks, relying more on outside staff, employees say
Employees at Big South Fork Medical Center in Oneida, Tenn., say the hospital is still behind on paying them and relying more on staffing agency workers amid frustrations over the payroll issue, according to The Independent Herald. -
Average incentive bonus for 19 physician specialties
Physicians practicing orthopedics have the highest average incentive bonus among specialties, according to Medscape's "Physician Compensation Report 2021." -
Male physicians see 30% larger paychecks than their female colleagues
Male physicians continue to earn more money than female physicians in 2021 — 27 percent more in primary care and 33 percent more in specialty care, to be precise. -
18 highest-paid CEOs in healthcare
The CEOs of Centene, HCA Healthcare and AbbVie are among the highest-paid chief executives of the largest U.S. companies, according to Equilar. -
29 physician specialties ranked by annual compensation
During the COVID-19 pandemic, primary care physicians earned an average annual compensation of $242,000 and specialists earned an average of $344,000 — a decrease of $1,000 and $2,000, respectively, compared to before the public health crisis hit.
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