Issue link: https://beckershealthcare.uberflip.com/i/1327468
26 WOMEN'S LEADERSHIP POPULATION HEALTH 10 cities with highest, lowest pay for female physicians By Mackenzie Bean T he gender wage gap was 28 percent for physicians in 2020, up from 25.2 percent in 2019, according to Doximity's 2020 "Physician Compensation Report." Doximity collected self-reported compensation survey data from more than 44,000 licensed U.S. physicians who practice at least 40 hours a week. The report exam- ines how compensation changed from 2019-20, evaluating trends across metropolitan areas, med- ical specialties, gender and em- ployment type. The report found female physicians earn an average of $116,289 less than male peers. Ten cities where female physicians had the highest average yearly sal- ary: 1. Milwaukee — $363,717 2. Minneapolis — $354,160 3. Jacksonville, Fla. — $350,418 4. Birmingham, Ala. — $334,327 5. Cincinnati — $334,208 6. Phoenix — $325,834 7. St. Louis — $324,657 8. Atlanta — $323,785 9. Dallas — $321,698 10. Nashville, Tenn. — $318,890 Ten cities where female physicians had the lowest average yearly sal- ary: 1. Oklahoma City — $238,797 2. Hartford, Conn. — $239,897 3. Memphis, Tenn. — $246,531 4. Virginia Beach, Va. — $256,678 5. Providence, R.I. — $262,595 6. Baltimore — $263,611 7. Washington D.C. — $270,209 8. Pittsburgh, Pa. — $273,195 9. Tampa, Fla. — $274,240 10. Detroit — $275,980 n Female representation on hospital boards: 4 research findings By Morgan Haefner W hile diversity benefits the boards of nonprofit hospitals and health systems, barriers to joining these governing bodies remain substantial for women, according to joint research from the Women's Nonprofit Leadership Initiative and Nonprofit Issues. e research was based on 59 semistructured, confidential phone interviews with board mem- bers of nonprofit educational and medical in- stitutions. irty of the interviews represented nonprofit hospitals and health systems. e study represented both male and female view- points from 14 states and Washington, D.C. Four findings from the research: 1. While interviewees say 30 percent should be the minimum presence of women needed to di- versify a board, most medical boards in the re- search fell short of that threshold. e average percentage of women on nonprofit hospital and health system boards included in the study was 27 percent. 2. Interviewees categorized underrepresentation for women at the nonprofit board level as one of two issues: a lack of qualified female candidates or a lack of serious action from boards to add women. Several interviewees "commented that it is difficult to find women and minorities with high levels of experience and sophistication [particularly for hospitals] who haven't already joined other boards, leaving a limited pool of people who get asked by multiple boards," ac- cording to the study. 3. Women of color face tougher barriers to en- tering board seats than white women. Women of color represented only 18 percent of female board members in the research's group. 4. e study authors note that "presence alone does not guarantee inclusion. is is particular- ly the case on large boards, where committees do the real work and executive committees oen make most decisions. Exclusion from power po- sitions or committees, or appointment in small numbers, can mute women's voices." n 5 things to know about Karen Lynch, new CEO of CVS By Morgan Haefner O n Feb. 1, Karen Lynch, executive vice president of CVS Health's Aetna insurance unit, will succeed Larry Merlo as CVS president and CEO. Five things to know about Ms. Lynch: 1. Ms. Lynch is a renowned leader in the healthcare industry and beyond. From 2016-20, she was named to Fortune's list of the 50 most powerful women in busi- ness, and she's now the highest-ranking female CEO in the Fortune 500. 2. She has been leading CVS Health's COVID-19 response since March. 3. She has more than 30 years of experience in the healthcare sector. She previously held executive positions at Cigna and Magellan Health Services. 4. Ms. Lynch started her career as an accountant with Ernst & Young. 5. She graduated from Boston College and the Questrom School of Busi- ness at Boston University. n