SullivanCotter

"For most health systems, the demand for care is at an all-time high while the industry is simultaneously facing labor shortages. The competition for APP talent is unprecedented and is placing upward pressure on compensation as organizations look to bridge the gap between higher patient volumes and limited access to care,” said Zachary Hartsell DHA, FACHE – APP Practice Leader, SullivanCotter. Learn more about annual compensation increases for physician assistants, nurse practitioners, CRNAs, CAAs and more from our 2024 APP Compensation and Productivity Survey. https://hubs.la/Q02VvsG-0 #healthcare #physicianassistant #nursepractitioner #compensation #CRNA

Recent results from SullivanCotter's 2024 Health Care Management and Executive Compensation Survey detail year-over-year changes in median base salaries for health care leaders. This year’s 4.6% increase for all executives is on par with the 4.4% growth seen in 2023. As is usually the case due to the complexity of operations, organization size, and scope of responsibility, median increases for executives at the system level (5.2%) continue to outpace those for executives at subsidiary hospitals (3.5%). Dive into our latest report to learn more! https://hubs.la/Q02W7X4-0 #healthcare #executives #compensation #benchmarks

Looking for the latest data and insights on health care executive compensation? Becker's Healthcare recently highlighted the top five things you need to know from SullivanCotter's 2024 Health Care Management and Executive Compensation Survey. #executives #healthcare #compensation #benchmarks https://hubs.la/Q02W3D1x0

"The pandemic exacerbated physician workforce expectations for a more sustainable work life. We see this manifested as reduced or eliminated call expectations, additional paid time off, fewer annual expected work hours, and more interest in compensation plans with a higher proportion of fixed compensation and a lower proportion of compensation at risk,” said Dave Hesselink, Managing Principal, SullivanCotter. Learn more from the results of our annual Physician Compensation and Productivity Survey! https://hubs.la/Q02VH-650 #healthcare #physicians #compensation #benchmarks

Looking to empower your nursing workforce and stay competitive in today’s complex health care landscape? Discover how to elevate your recruitment and retention strategies with SullivanCotter’s 2024 Registered Nursing Compensation Survey Report. Pre-order now and gain access to these data-driven insights as soon as they’re available: • Data from over 700 organizations on approximately 350,000 nursing employees and 115 reported positions • Six months of base pay data trends • Data reported by setting, specialty, experience, and level • Premium pay, pay practices, and insights into staffing ratios and turnover Learn more > https://hubs.la/Q02Vv4wq0

Reviewing executive span of control – generally defined as the number of direct reports within a leader's purview – is critical to ensuring an effective and efficient management structure. How does your organization stack up? Learn more as we share key data and benchmarks from our Workforce Metrics Benchmark database. #spanofcontrol #managerialoversight #healthcare #executives https://hubs.la/Q02V8ckT0

Is your in-house team under-resourced and overstretched? SullivanCotter recently stepped in to provide support to a client who was not satisfied with their previous co-sourcing relationship – which caused them to fall behind on critical compensation management activities. #cosourcing #compensation #humanresources https://hubs.ly/Q02T_mz70

Hospitals and health systems should foster collaborative and agile partnerships with unions to adapt to new market and workforce challenges. Pay is often the primary component in organized labor discussions – proactive planning can help ensure that the right compensation strategies and rewards are in place for registered nurses! https://hubs.la/Q02TPm3r0 #nursing #nurses #registerednurses #registerednursing #healthcare #compensation

“The industry is experiencing a critical gap in expertise as operations grow more complex and leaders retire or continue to step away. The pool of qualified executive talent is increasingly limited, and this is placing upward pressure on total compensation – particularly via higher base salaries,” said Bruce Greenblatt, Executive Workforce Practice Leader, SullivanCotter. Read on to learn more about how organizations are responding with insight into the results of our 2024 Health Care Management and Executive Compensation Survey. https://hubs.la/Q02TQbxt0 #healthcare #executives #compensation #benchmarks

Is your health system struggling to improve service lines and support long-term financial sustainability? Addressing these challenges often starts by optimizing and engaging your clinician workforce. In our recent article published by the American Association of Provider Compensation Professionals, SullivanCotter experts highlighted several ways you can focus on your clinicians to amplify service lines and enhance performance. Access now and discover how to support strategic workforce alignment, select an optimal physician-hospital affiliation model, and review affiliation arrangements effectively. https://hubs.la/Q02TC_9v0 #healthcareperformance #clinicians #clinicianaffiliation #healthcarefinance