Press Release | Unprecedented competition for APPs driving increases in compensation
With the advanced practice provider (APP) workforce in high demand, median total cash compensation (TCC) continues to grow across all specialty categories. Learn more about annual increases in compensation from SullivanCotter's 2024 APP Compensation and Productivity Survey.
Modern Healthcare | Physician Compensation Trends: Housing Assistance, More Bonuses
SullivanCotter's Dave Hesselink recently sat down with Modern Healthcare to discuss how employers are getting more creative – beyond just increasing pay – to attract and retain physicians in a competitive marketplace.
Press Release | Health Care Executive Pay Increases Reflect Competitive Talent Market
Results from SullivanCotter's 2024 Health Care Management and Executive Compensation Survey show that median base salaries grew by 5.2% – reflecting the high demand for executive talent.
Press Release | Increases in Physician Compensation Return to Historical Annual Growth Levels
Although median total cash compensation (TCC) continues to increase, it has returned to historical average growth of 3.5% following a year of significant increases in 2023. Learn more about changes in TCC, base salary, and wRVU productivity as reported in SullivanCotter's 2024 Physician Compensation and Productivity Survey.
Modern Healthcare | How systems are changing compensation to attract executive talent
Attracting and retaining executive talent in today's market is no easy feat. Many organizations are paying higher salaries, reassessing incentives, and investing more in key positions to stay competitive. Learn more from Modern Healthcare's annual executive compensation feature.
Navigating the Nuances of Executive Compensation and Talent Management in Challenging Times
SullivanCotter recently outlined the top priorities for compensation committees to consider as they revisit executive compensation, performance, and talent management strategies in such challenging times.
The FTC’s Ban on Noncompete Clauses
In this article, SullivanCotter provides initial guidance for health care organizations to consider – including an overview of the Final Rule, potential implications on employment arrangements, and steps to take as they develop action plans to move forward.
Forbes | The Labor Crisis is Derailing Health Care Transformation
Without a stable and engaged workforce, health care organizations are limited in their ability to truly transform. Learn more from SullivanCotter's President and CEO, Ted Chien, on how organizations can address the ongoing labor crisis.
PRESS RELEASE | Health Care Organizations Deploy Cost-Cutting Initiatives as Labor Costs Grow
As labor expenditure remains high due to ongoing health care workforce challenges, many hospitals and health systems are reevaluating the size and shape of their employee populations to offset rising costs and create a more affordable and sustainable workforce architecture. Learn about key findings from SullivanCotter’s 2023 Workforce Metrics Benchmark Survey.
PRESS RELEASE | Median Hourly Rates Up by Over 5% for Health Care Employees
Learn about emerging trends in employee compensation - including base hourly pay increases, internal minimums, premium pay and more - from SullivanCotter's 2023 Health Care Staff Compensation Survey Report.
Proactive Workforce Planning: Grounded in Data
Featured in Fierce Healthcare, SullivanCotter’s President and CEO, Ted Chien, outlines the importance of utilizing robust data and benchmarks to build a more resilient workforce model that helps support the delivery of high-quality care and enhance financial sustainability.
Utilizing Physician Compensation and Productivity Benchmarks
Changes to the Physician Fee Schedule have materially impacted the most recent set of physician compensation and productivity benchmarks. As a result, year-over-year comparisons of survey benchmarks require special review and must be carefully considered when incorporating insights into workforce planning and compensation decision-making.
INFOGRAPHIC | Split/Shared Billing – Change Management
Struggling to understand the recent changes to split/shared billing and how it will affect physician and APP workflow? View a timeline of past and upcoming changes to help properly plan for and address the pending modifications.
Physician Fee Schedule: 2023 Changes
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.
The Need for Competitive APP Compensation Programs
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).
Rethinking Executive Compensation and Performance Metrics
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?
Hiring Gains Alone Won’t Solve the Health Care Workforce Crisis
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.
Advanced Practice Providers: Highest Paid Specialties and Regions
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.
PRESS RELEASE | APP Survey Results Highlight Dynamic Market for Talent
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.
The Governance Institute | Executive Compensation in Pediatric Hospitals
SullivanCotter shares data and insights from a recent pulse survey on health care executive compensation in pediatric organizations