National Healthcare News Sep 23, 2014

National Healthcare News

  • Paid news articleConfidence of Healthcare Employees On Rise

    Managers Being Squeezed By Costs

    Aug 15, 2014 By Healthcare Compensation News


    The confidence of healthcare workers in general is on the rise – but so is the use of temporary workers, according to a new survey by Randstad Healthcare.

    Randstad, a healthcare staffing agency based in Woburn, Mass., reported that 71% of the healthcare workers they surveyed expressed a high level of confidence in the stability of their employers during the second quarter of 2014.

  • Paid news articlePay For Medical Residents Hasn't Increased Significantly Since 1970s

    Same As 40 Years Ago When Adjusted For Inflation

    Aug 15, 2014 By Healthcare Compensation News


    Once medical school graduates finish with their residency training, they all can look forward to secure jobs with six-figure jobs, and potentially even break into the seven figures if they're in a high-demand specialty in a big city such as New York City or Los Angeles.

    But getting through that residency – which in some instances can last as long as a decade – is a poorly-paid slog for most newly minted doctors, according to an annual survey of medical residency compensation and medical school debt by Medscape.

  • Paid news articleWhite Paper Suggests Continued Pressure To Bump Up CEO Pay

    Use Of Compensation Consultants Questioned

    Aug 15, 2014 By Healthcare Compensation News


    A new white paper by the Roosevelt Institute suggests that the soaring pay of chief executive officers in the for-profit sector – including that at some hospital chains -- is impinging economic growth as a whole.

    The paper, “Why Executive Pay Results in an Unstable and Inequitable Economy,” authored by University of Massachusetts economist William Lazonick, details some of the same practice that are now commonplace at not-for-profit hospitals, including the use of compensation consultants to reaffirm pay packages and the appointment of the CEO's allies to the boards of directors.

  • Paid news articleWhat Some C-Suite Executives Earn

    Aug 15, 2014 By Healthcare Compensation News


  • Paid news articleThe Perk File: Carolinas

    Aug 15, 2014 By Healthcare Compensation News


    The Internal Revenue Service recently began requiring not-for-profit entities to disclose any specific perks given to their top executives as part of their compensation or to help conduct business. Here's a breakdown for hospital CEOs in the Carolinas, as well as their costs when available.

  • Paid news articleThe Carolinas: Squeezed And Not Loving It

    Pay is Significantly Lower Than In Tri-State Region

    Aug 15, 2014 By Ron Shinkman


    After exploring compensation in the most populous and wealthiest region of the United States, Healthcare Compensation News has turned its sights south to North and South Carolina. The demographics of the two states are decidedly different from the Tri-State region of New York, Connecticut and New Jersey.

    Together, the Carolinas have a combined population of about 14 million – 5 million less than the New York City metropolitan area on its own. The median household income is also sharply lower in the Carolinas, averaging $44,128 in 2012, according to Census Bureau data. Households in the Tri-State area, by contrast, enjoy median income that is nearly 50% higher. Aside from the stark differences in income, both North Carolina and South Carolina have decided against expanding Medicaid eligibility under the Affordable Care Act.

  • Health Care Service CEO Pay Took Hit

    But Pay For Health Plan Heads Still Rose Nearly 20% Last Year

    Jul 3, 2014


    Last year was an off one financially for Chicago-based Health Care Service Corp., which operates Blues plans in five states. The pay of their top executives took a hit as a result.

    Chief Executive Officer Patricia Hemingway Hall had a total compensation package last year of $11.2 million, down 30% from the $16 million she took home in 2012, according to data from the Illinois Department of Insurance.

  • Labor Union Agrees To Drop Voter Initiative To Cap Hospital CEO Pay

    Enters Into Pact With California Hospital Association Instead

    Jul 3, 2014


    A ballot initiative that would have capped what not-for-profit hospitals in California could pay its executives was officially shelved by its sponsor in lieu of a closer alliance with the state's leading hospital lobby.

    The Service Employees International Union-Healthcare Workers West had been gathering signatures for the initiative to place it on November's ballot. It would have capped hospital executive pay at $475,000 a year. That's significantly higher than the average base compensation for hospital executives in California, which is more than $500,000 per year, and approaches $750,000 when bonuses and other additional pay is factored in.

  • The Perk File

    Jul 3, 2014


    The Internal Revenue Service recently began requiring not-for-profit entities to disclose any specific perks given to their top executives as part of their compensation or to help conduct business. Here's a breakdown for the Tri-State CEOs, as well as their costs when available.

  • What Some C-Suite Executives Earn

    Jul 3, 2014


  • An Introduction To Healthcare Compensation News

    Jul 3, 2014 By Ron Shinkman


    Everyone wants to know what everyone else is paid.

    That could be a good enough reason on its own to launch Healthcare Compensation News. However, there are far more compelling reasons to begin a monthly publication following the sector's pay practices.

  • Tri-State Area: If You Can Make It Here, You Can Make Out Pretty Well

    Jul 3, 2014


    Healthcare Compensation News will devote a large part of each issue to healthcare payment data and trends in various regions of the United States, with a focus on not-for-profit hospitals.

    Why hospitals? Because they pose complex financial questions seen in few other facets of healthcare delivery.


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