Issue link: https://beckershealthcare.uberflip.com/i/1156517
69 HEALTHCARE NEWS What the average employee made at 30 healthcare organizations By Alia Paavola T he U.S. requires companies to disclose the median compensation of their employees to shed light on the ratio between the salaries of typical workers and CEOs. Since the requirement was imple- mented, one thing became apparent: Not all healthcare employees are paid the same. Below is a breakdown of the average em- ployee salary at 30 healthcare organizations, according to Business Insider. Note: Companies are presented in the order of lowest average annual salary of employees to the highest. 1. Walgreens: $31,132 2. CVS Health: $35,529 3. Bausch Health: $37,872 4. Mylan: $42,407 5. HCA Healthcare: $55,977 6. UnitedHealth Group: $57,412 7. Cigna: $63,526 8. Molina Healthcare: $65,652 9. Centene: $66,021 10. Humana: $70,498 11. Anthem: $72,308 12. Medtronic: $73,693 13. Johnson & Johnson: $75,000 14. Pfizer: $80,011 15. Abbott Laboratories: $80,569 16. Merck: $82,173 17. GlaxoSmithKline: $82,951 18. Allergan: $89,976 19. Eli Lilly & Co.: $91,246 20. Illumina: $107,884 21. Bristol-Myers Squibb: $112,174 22. Amgen: $131,375 23. Regeneron $134,115 24. AbbVie: $148,823 25. Gilead Sciences: $163,963 26. Biogen: $170,521 27. Alexion Pharmaceuticals: $223,882 28. Incyte: $228,006 29. Vertex Pharmaceuticals: $232,178 30. Alnylam Pharmaceuticals: $243,720 n Massachusetts hospitals stockpile $1.6B in offshore accounts, nurses say By Ayla Ellison S ixteen hospitals and health systems in Massachu- setts have more than $1.6 billion in the Cayman Islands and other tax havens, according to a report issued by the Massachusetts Nurses Association. The nurses union is calling on state lawmakers to sup- port the Hospital Profit Transparency and Fairness Act, legislation that requires hospitals to disclose financial holdings and profits, including money kept in offshore accounts. The legislation would also place limits on nonprofit hospital and health system CEO pay and claw back excessive profit. Those funds would be placed in a newly created Medicaid Reimbursement Enhancement Fund. "We can improve our healthcare system by shining a light on hospital finances, limiting excessive CEO pay and ensuring that the public has a stronger voice in shaping how our healthcare dollars are spent," Karen Coughlin, RN, vice president of the Massachusetts Nurses Association, said in a press release. Massachusetts Rep. Josh Cutler, a bill co-sponsor, said more financial transparency at nonprofit healthcare organizations is vital. "Our Medicare, Medicaid and other state tax dollars fund hospital corporations, but what those corporations do with our money can be at odds with public service," he said. "This bill will allow the public to see exactly where our tax dollars are going — especially if they end up in the Cayman Islands — and limit excessive hospital CEO pay. We should instead spend that money helping our most vulnerable patients." n