Fact Based List:
Becker's Hospital Review: 9 Survey Findings on Hospital Salaries and Incentives
Submitted by jryan@mcol.com on Wed, 07/24/2013 - 09:58
- Roughly 84 percent of hospitals and health systems are increasing salary budgets or are keeping salary increase budgets the same for 2013
- Hospitals and health systems have budgeted the highest salary increases for staff-level employees
- On average, hospital staff members are expected to see a 2.9 percent salary raise. Middle management and executives are projected to receive 2.8 percent and 2.6 percent, respectively
- The main factors affecting salary decisions in 2012 were expected financial performance this year, actual financial performance in 2012 and local salary trends
- About 75 percent of hospitals have an incentive plan for their executives
- Almost 90 percent of responding organizations with executive incentive plans will pay out awards based on performance in 2012
- Roughly 10 percent of executives have incentives tied to physician alignment
- The 4 most common criteria for physician alignment awards in executive incentive plans were meeting CMS quality standards, physician adherence to clinical pathways, physician use of EMR & readmissions
- About 37 percent of hospitals said they pay float pool registered nurses the same as regular staff RNs
Notes: Derived from Integrated Healthcare Strategies' 2013 spring compensation survey, which gathered responses from 177 hospital and health system executives
Source: Becker's Hospital Review
Source URL: http://beckershospitalreview.com/compensation-issues/8-surve...
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