Healthcare DIVE July 1, 2024
Medical groups are increasing compensation in an attempt to lure talent, with median total compensation for registered nurses rising nearly 20% over the past five years.
Dive Brief:
- Compensation for critical healthcare roles rose in 2023 amid heightened demand for workers, according to a survey from the Medical Group Management Association released last week.
- Median total compensation for medical assistant positions and healthcare management positions grew 3.3% and 7%, respectively, between 2022 and 2023, the survey found.
- However, increasing compensation cannot fully address labor shortages, according to the MGMA. The most successful medical groups are employing a broad range of strategies to optimize their workforce, including building new graduate programs and leveraging artificial intelligence.
Dive Insight:
Healthcare labor...
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