Merit-based Bonuses May Motivate More than Pay Hikes

Merit raises, rather than straight pay hikes, may be the key to keeping, attracting, and motivating healthcare employees, according to American Medical News.  In the article, Kevin Haeberle, senior vice president and senior adviser at INTEGRATED Healthcare Strategies, a healthcare consulting company in Kansas City, Mo., said merit raises or bonuses should be at least 2 percent of an employee’s salary to alter their behavior. Even with this, a better approach may include offering a variety of incentives of the same value—continuing education, vacation time, or even cash. Haeberle said that expectations of employees should be concise and include how… Full Story

DFW Healthcare Salaries Exceed U.S. Median

Dallas-Fort Worth healthcare workers are paid slightly more than the national average, according the U.S. Bureau of Labor Statistics (BLS). Healthcare practitioners and technical workers—such as physicians, nutritionists and therapists—earn a mean hourly wage of $35.53 an hour, which is 1 percent more than the U.S. average of $35.35. Healthcare support personnel –such as health aides and administrative staff—earn $14.11 an hour or 6 percent more than the U.S. average of $13.36. Although DFW has a reputation as a robust healthcare market, healthcare workers comprise a smaller proportion of the local labor market. In the U.S., healthcare workers account for… Full Story

Healthcare Job Growth Down Two Months in a Row

Healthcare jobs continued to grow during the month of April but contributed less to the overall job market than in previous months. These numbers come as the U.S. Bureau of Labor Services announced the four-year low unemployment rate of 7.5 percent. Since 2012, the healthcare industry has provided an average of 24,000 jobs a month, according to data from the U.S. Bureau of Labor Statistics. However, growth in the sector has fallen in the past two months, adding only 19,000 new healthcare jobs in April and 23,000 in March. Both months show a significant decline from the  32,000 added in… Full Story

Morning Rounds (04.15.13)

Despite a one-year delay, healthcare providers and payers are still lagging in preparing for the conversion to ICD-10 diagnostic and procedure codes.

More than 2 out of 3 healthcare providers are having problems attracting experienced IT employees.

Young adults who stay on their parents’ health insurance plans have slightly higher costs than those who had their own insurance coverage. Full Story

Providers Struggling to Recruit IT Talent

More than 2 out of 3 healthcare providers are having problems attracting experienced IT employees, according to a Towers Watson survey. The survey of more than 100 U.S. healthcare companies also found: •    More than 1 out of 3 had difficulty retaining IT employees •    Nearly 3 out of 4 had problems hiring Epic-certified professionals •    More than half are employing at least three retention strategies, including salary increases, bonuses, and providing additional education and training.

Confirmation Hearing Scheduled for CMS Administrator

The Center for Medicaid and Medicare Services may soon have a new leader to oversee changes in the two healthcare programs. Marilyn Tavenner, acting CMS administrator, will have a confirmation hearing on April 9, and may become CMS’ first Senate-approved leader in six years. An experienced leader will be important in order to implement the Patient Protection and Affordable Care Act, according to ModernHealthcare. Tavenner has been acting administrator of the CMS since 2011, and has already overseen the launch of Medicare accountable care organizations.    

U.S. Healthcare Job Growth Slows

Healthcare slumped along with the rest of the economy in creating jobs in March, according the U.S. Bureau of Labor Statistics (BLS). Healthcare created 23,400 jobs in March, compared with more than 30,000 in February. However, they comprised than 1 out of 4 of the 88,000 U.S. jobs was created in March. By comparison, the number of retail trade jobs decreased by 24,000, according to the BLS.  

Local Demand Soars for Temporary Nurse Practitioners and Physician Assistants

The demand for temporary nurse practitioners (NPs) and physician assistants (PAs) in Dallas-Fort Worth has shot up by nearly 75 percent since January, according to Irving-based Staff Care. Nationally, about 1 out of 10 staffing requests from hospitals and clinics in 2012 were for NPs or PAs, compared with 2 percent in 2010. Staff Care is a leading staffing firm that provides temporary physicians and allied healthcare professionals to hospitals, medical groups, government facilities and other healthcare organizations. Bonnie Owens, Staff Care senior vice president, said the substantial growth in demand for temporary NPs and PAs in DFW reflected a… Full Story