While many hospitals are responding to financial losses by cutting positions, some facilities are raising salaries and handing out bonuses, according to various reports.
Beth Israel Deaconess Medical Center in Boston recently spent $3 million on bonuses for its staff members, according to a Boston Herald report. Beth Israel full-time employees received one-time appreciation bonuses of $500, while part-time staff received between $150 and $250.
Children's Hospital in Boston doled out $350 per worker for the pay period ending Oct. 15.
Charleston Area Medical Center recently raised executive salaries by three percent, raising the combined salary of its top 16 executives to $4.89 million, according to a Charleston Gazette report.
All CAMC employees received at least a two percent pay increase in 2009. The pay increases come alongside job cuts and hour reductions, an effort to trim about $15 million in labor costs from the hospital's budget by the end of 2011, according to the report.
At the end of September, University of California in Los Angeles decided to raise the salary of David Feinberg, CEO of the UCLA hospital system, by $410,000 to about $1.3 million, according to a California Healthline report.
The hospitals cited increased revenue and streamlining efforts as some of the reasons for the salary increases and bonuses.
Read the Boston Herald report on Boston-area hospital raises.
Read the Charleston Gazette report on CAMC pay increases.
Read the California Healthline report on UCLA executive pay.
Read more on compensation:
-Long-Term Care Industry Compensation Suffers
-California Hospitals Change, Examine Executive Incentive Plans
Beth Israel Deaconess Medical Center in Boston recently spent $3 million on bonuses for its staff members, according to a Boston Herald report. Beth Israel full-time employees received one-time appreciation bonuses of $500, while part-time staff received between $150 and $250.
Children's Hospital in Boston doled out $350 per worker for the pay period ending Oct. 15.
Charleston Area Medical Center recently raised executive salaries by three percent, raising the combined salary of its top 16 executives to $4.89 million, according to a Charleston Gazette report.
All CAMC employees received at least a two percent pay increase in 2009. The pay increases come alongside job cuts and hour reductions, an effort to trim about $15 million in labor costs from the hospital's budget by the end of 2011, according to the report.
At the end of September, University of California in Los Angeles decided to raise the salary of David Feinberg, CEO of the UCLA hospital system, by $410,000 to about $1.3 million, according to a California Healthline report.
The hospitals cited increased revenue and streamlining efforts as some of the reasons for the salary increases and bonuses.
Read the Boston Herald report on Boston-area hospital raises.
Read the Charleston Gazette report on CAMC pay increases.
Read the California Healthline report on UCLA executive pay.
Read more on compensation:
-Long-Term Care Industry Compensation Suffers
-California Hospitals Change, Examine Executive Incentive Plans