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Health Insurer CEOs See Some Significant Pay Bumps in 2017
The paychecks of most publicly traded health insurer CEOs increased in 2017. Companies' preliminary proxy statements also give a first look at what recently hired CEOs' pay looks like. Anthem President and CEO Gail Boudreaux, who took the reins from Joseph Swedish in early November 2017, made about $2.2 million for part of last year. Most of that figure comes from about $2 million in stock awards that will vest in the future, according to the company's preliminary proxy statement. Boudreaux's actual take-home pay for the two months she served in the top spot last year was $166,038. In 2018, her salary will be $1.4 million.
Saint Francis Healthcare Boosting Minimum Wage in July
Cape Girardeau, Mo.-based Saint Francis Healthcare System revealed it will give raises to more than 200 employees, or nearly 8 percent of its workforce, effective July 8. The system said the raises are from increasing the minimum hourly pay to $11.70 "to ensure all employees have the opportunity to earn a livable wage." Some Saint Francis employees now are paid $8.55 per hour, spokesperson Tyler Graef told the Southeast Missourian. This is above the state's minimum wage of $7.85 per hour. Saint Francis President and CEO Maryann Reese, RN, DHA, attributed the wage increase to the system's mission and values rather than the external market.
Hospitals Are Losing Money on Employed Physicians: Here's How to Save the Bottom Line and Your Staff
Even though a hospital's success hinges on the quality of its clinicians, the manner in which hospitals are staffing physicians and managing that workforce is often a losing proposition. Looking for ways to boost the return on hospital-employed physicians rather than managing losses should be driving a hospital's physician strategy. That's the key takeaway from a recent post to Harvard Business Review penned by Navigant consultants Jeff Goldsmith, Alex Hunter and Amy Strauss.
With Shortage Looming, Primary Care Doctors' Salaries Rise
The Association of American Medical Colleges estimates a shortfall of up to 121,300 physicians by 2030. In primary care, the shortage is expected to be between 14,800 and 49,000, depending on how many advanced practice nurses and physician assistants are available to help fill the void. Factors driving the physician shortage include growth in the U.S. population and the swelling ranks of elderly, who will need more medical services to treat age-related health conditions. Also exacerbating the shortage are shorter workdays and an aging workforce -- more than a third of practicing physicians will be old enough to retire within the next decade.
14 Healthcare Companies Are the Best-Paying Firms in Their State
As companies are now required to disclose new compensation data in their annual Securities and Exchange Commission filings this year, Money magazine analyzed the best-paying firms in every state -- including 14 healthcare companies. To compare the best-paying employers across states, Money used figures compiled by the AFL-CIO for companies in the Russell 3000 stock market index.
AMA Vows to Fight Medicine's Gender Inequity Problem
The American Medical Association House of Delegates pledged on June 11 to advance gender equity in medicine after multiple studies highlighted the wage gap and discrimination women physicians continue to face. Three organizations--the American College of Cardiology (ACC), the American College of Gastroenterology and the AMA's Young Physicians Section--proposed four total resolutions to address these issues. The AMA opted to combine the resolutions into one series of recommendations and planned actions.
Do Women in Health IT Have It Any Better in Europe? No, HIMSS Survey Says
Professional women in health IT across many European countries believe their contributions go either unnoticed, unappreciated or both. That sentiment is widespread: 93.33 percent of the respondents to the HIMSS Europe survey, in fact, indicated that there is not enough recognition of the contribution women executives make in the industry and, what's more, that percentage is up 4 points since the 2016 survey. "The results of the 2018 Survey are worrisome," said Angela Velkova, Senior Communities Manager at HIMSS Europe.
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HUMAN RESOURCES EXECUTIVE TECHNOLOGY CONFERENCE
September 11 - 15, 2018
Las Vegas, NV
PROVIDER COMPENSATION AND MEDICAL GROUP PERFORMANCE CONFERENCE
Hosted by: AMGA Consulting
September 12-14, 2018
San Diego, CA
ASHHRA 54th ANNUAL CONFERENCE AND EXPOSITION
Meeting the Challenge and Making a Difference
September 15 - 19, 2018
Pittsburg, PA
SHRM18 ANNUAL CONFERENCE AND EXPOSITION
June 17 - 20, 2018
Chicago, IL
64th ANNUAL EMPLOYEE BENEFITS CONFERENCE
Sponsored by Int'l Foundation for Employee Benefit Plans
October 14 - 17, 2018
New Orleans, LA
FEATURED WEBINARS
Be the Change: Allina Health's Work to Eliminate Stigma around Mental Health and Addiction Conditions
American Hospital Association
Date: Tuesday, July 17, 2018 2:00 - 2:45 pm CT
Cost: $29 ASHHRA Members; $79 Nonmembers
Description: The AHA July 17 at 2 pm CT will host a webinar in which leaders from Allina Health in Minneapolis will discuss "Be the Change," the organization's internally focused anti-stigma initiative. Paul Goering, M.D., vice president of clinical care, mental health services; Joe Clubb, vice president of operations, mental health services; and Aimee Pappenfus, manager, community partnerships, will discuss how Allina Health launched and implemented Be the Change to shift the mindset of its employees, helping them become more aware of the stigma they carry and the stigma their patients face on a daily basis. Webinar participants will learn the details and impact of their robust communications plan; the diverse range of replicable activities included in the initiative; and the impact on employees and internal culture at Allina Health and the patients they serve.
View more information and register.
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