Workforce Compensation and Performance Improvement Resources

As health systems evaluate changes to the 2023 Physician Fee Schedule, they must be aware of the impact on Medicare reimbursement, reported wRVUs, and provider compensation plans forspecialties most likely to be affected.

Featured in a recent article from RevCycle Intelligence, data from SullivanCotter's 2022 APP Compensation and Productivity Survey highlights the need for more dynamic compensation practices for nurse practitioners (NPs), physician assistants (PAs) and certified registered nurse anesthetists (CRNAs). 

Health care is in the midst of an ongoing workforce crisis as the demand for care is outpacing the supply of labor. To help fortify the nation's health care system by building a sustainable pipeline of future talent, Ted Chien, SullivanCotter's President and CEO, discusses how hospitals and health systems can meet this challenge through smarter technology, resilient teams, and excellence in leadership.

Utilizing data from SullivanCotter's 2022 Advanced Practice Provider Compensation and Productivity Survey, Becker's Hospital Review has listed the top 20 highest-paid specialties for both nurse practitioners and physician assistants. It also shares median total cash compensation by region.

With median total cash compensation (TCC) up by 4.5% over last year for nurse practitioners (NPs) and physician assistants (PAs) across all major specialty categories – primary care, medical, surgical and hospital-based – this year’s results reflect a dynamic market requiring organizations to develop more competitive approaches to advanced practice provider (APP) compensation.

A critical cornerstone of effective CRNA recruitment and retention strategies is the establishment of competitive compensation packages and desirable practice environments aligned with evolving CRNA preferences and market trends.

SullivanCotter Holdings, Inc., the nation’s leading human capital information management holding company for health care and not-for-profits/tax-exempt organizations, announces several important new hires within its Shared Services leadership team.   

SullivanCotter’s 2022 Advanced Practice Provider Compensation and Productivity Survey includes data from nearly 700 organizations on more than 100,000 individual APPs from across the country - providing health care organizations with critical compensation market data, information on key APP workforce practices, and insight into emerging industry trends.

With risk-based contracting and value-based reimbursement at top of mind, many hospitals and health systems re-evaluating their panel management and patient care delivery strategies in an effort to better support the achievement of system-wide population health goals.