Workforce
Poor communication is costing the major healthcare organizations about $12 million annually nationwide, according to Spok.
A sizable number of hospitals have posted job openings for chief financial officers on LinkedIn, indicating the field is wide open for those wishing to take the reigns of a healthcare organization's finances.
Stock awards continue to make the bulk of the compensation package, making up close to half of all board compensation packages in 2014, the study said.
Averting a strike planned for Monday, Kaiser Permanente and the National Union of Healthcare Workers on Sunday reached a tentative agreement for a 6 percent wage increase during the first year of a three-year contract for mental health employees working in Northern California.
The role of the chief financial officer is one in flux, and areas not traditionally under their authority are now taking center stage.
CCOs at companies with more than $3 billion in annual revenue earned an average of $297,604 a year, while those at small organizations with revenue less than $5 million earned $90,487, according to the survey.
Healthcare businesses added 45,000 jobs in October, the U.S. Department of Labor's Bureau of Labor Statistics reported on Friday, as the sector continues to lead as a job-creating sector of the American economy.
Healthcare chief executive and chief financial officers saw among the largest pay increases between 2013 and 2014 compared to other business sectors, a new report by accounting firm BDO USA found. Though the pay gap between these top healthcare execs is wider than others.
A recent Black Book Market Research survey revealed hospitals are finding their C-suite is unprepared for the drastic technological innovations in healthcare and are seeking solutions.
According to the report from staffing firm Randstad Healthcare, overall confidence hit an index score of 64.8, up 9.2 points at the 2015 midpoint compared to where it stood at the end of 2014.