Latest Takeaways

September 28, 2023
Quality & Safety
"As health systems reduce their reliance on travel nurses, more are hiring clinician gig workers to fill gaps and take on daily shifts when needed."

Executive Summary

Updated: September 1, 2023

  • Hiring increased in August across all the major healthcare sectors based on preliminary numbers. The changes in ambulatory, hospital and nursing/residential care sectors were all above their two-year averages. Only offices of dentists reported a decline.

  • The pay gap between CEOs and other executives has grown from around $500,000 in 2012 to $900,000 in 2022. Overall, CEO compensation increased by 71.52% during that time. There was minimal change between 2020 and 2021.

  • Median physician compensation across all specialties is $433,066. Those in orthopedic, invasive cardiology and plastic surgery practices receive the highest compensation, on average, ranging from $400,000 to $700,000 annually, while those practicing pediatric and family medicine make the least, between $230,000 and $300,000 a year. 

  • Nursing and residential care facilities have around 318,000 fewer workers than they did pre-pandemic, while hospitals have 28,600 more employees. 


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