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50 POPULATION HEALTH 50 CEO / STRATEGY Hospital employee pay increases by the numbers By Kelly Gooch and Marissa Plescia S everal hospitals have announced in- vestments in employee compensation. Here are six hospital pay increases by the numbers, as reported by Becker's: 1. Allegheny Health Network (Pittsburgh) e benefits: Allegheny Health is investing in pay increases and benefits, as well as loan and tuition forgiveness for May graduates of the system's West Penn School of Nursing and Citizens School of Nursing. e numbers: e total investment amount is $92 million, which includes a raise in the minimum base salary rate for bedside regis- tered nurses to $30 an hour. 2. Atrium Health (Charlotte, N.C.) The benefits: Atrium Health is investing in Heroic Caregiver Awards for eligible patient-facing employees and minimum wage increases. e numbers: From a total investment of $115 million, $90 million is going to the Heroic Caregiver Awards and $25 million is going toward minimum wage increases. Atrium Health Greater Charlotte and Atri- um Health Wake Forest Baptist employees will receive a minimum wage increase to $16 an hour in March. Atrium Health Navicent and Atrium Health Floyd will receive their minimum wage increases later this year. is comes aer a $245 million compensation in- vestment in 2021. 3. Yakima (Wash.) Valley Memorial e benefits: Yakima Valley Memorial is invest- ing in employee compensation and bonuses. e numbers: e $14.8 million investment, which will affect about 3,000 employees, is going toward retention bonuses for regis- tered nurses, respiratory therapists, certified nursing assistants and phlebotomists who work at the bedside. It will also be used for gratitude bonuses for all employees and an increase in the base pay rate for RNs and re- spiratory therapists. 4. UW Health (Madison, Wis.) e benefits: UW Health is bumping up its minimum wage, effective in May. e numbers: e minimum wage will in- crease from $15 an hour to $17 an hour. It will affect more than 200 job titles, more than 20 percent of the health system's workforce. 5. Mayo Clinic (Rochester, Minn.) e benefits: Mayo Clinic is giving eligible allied health staff members a raise. e numbers: e health system announced the minimum 4 percent raise aer it came under fire for a 2 percent raise with a 2.75 multiplier announced in January. Workers who make an hourly wage of $21 or less will receive the raise and a stipend for the hours they worked from March 16 to Nov. 22, 2021. 6. Sentara Healthcare (Norfolk, Va.) e benefits: Sentara is offering $110 mil- lion in pay increases and $15 million in benefit enhancements. e numbers: e total $125 million invest- ment includes a 5 percent market pay in- crease for eligible employees. Employees may also receive a merit increase of 3 percent to 4 percent in May. n Average CEO pay by hospital type By Ayla Ellison N onprofit hospital CEOs make an average of eight times more than workers without advanced de- grees, according to an analysis by the Lown Insti- tute of more than 1,000 hospitals. The study, published in Health Affairs on Feb. 10, found the gap between CEO pay and average worker pay varied widely. Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. The analysis revealed a relationship between hospital size and executive compensation. "Although both CEO compensation and worker wage increase in a stepwise fashion as hospital size increases, increase in CEO compensation tends to exceed that of worker pay for larger hospitals, giving them a higher pay equity ratio," according to the authors of the study. The researchers found that urban location and teaching status were also associated with higher executive hourly compensation compared to general worker wages. Across all nonprofit hospitals, the average CEO compen- sation per hour was $249, and the average hourly worker wage was $29. Here is the average hospital CEO pay per hour by hospital type and the ratio of CEO wage to other workers wage: Major teaching hospital • Average hospital CEO compensation per hour: $529 • Ratio of CEO wage to other workers wage: 14:1 Minor teaching hospital • Average hospital CEO compensation per hour: $292 • Ratio of CEO wage to other workers wage: 9:1 Non-teaching hospital • Average hospital CEO compensation per hour: $197 • Ratio of CEO wage to other workers wage: 7:1 Urban hospital • Average hospital CEO compensation per hour: $319 • Ratio of CEO wage to other workers wage: 9:1 Rural hospital • Average hospital CEO compensation per hour: $160 • Ratio of CEO wage to other workers wage: 6:1 n