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). 

Ted Chien discusses how health care leaders of today must strike a delicate balance that requires managing financial and growth metrics, increasing the speed of transformation, and building the health systems of tomorrow. So how do we redefine compensation models to reward all these behaviors?

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.

SullivanCotter’s 2022 Health Care Staff Compensation Survey includes data from nearly 1,300 organizations on more than 1.2M individual employees- providing organizations with critical compensation market data, information on key employee workforce practices, and insight into emerging industry trends.

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.

To help organizations address the impact of recent changes to the Physician Fee Schedule, SullivanCotter’s 2022 Physician Compensation and Productivity Survey Report includes two sets of benchmarks based on wRVU values from both the 2020 and 2021 schedules.

Featured in McDermott Will & Emery's Governing Health Podcast Series, SullivanCotter's Tim Cotter provides insight into a number of trends and challenges facing the Executive Compensation Committee in today's environment.