Tag: Salary.com

MHA Monday Report Aug. 15, 2022

Monday Report
MHA Monday Report

Primary Election Sets Field for November
MI Vote Matters

Michigan’s primary election was held Tuesday, Aug. 2, finalizing the November general election ballot. The 2022 midterm election is critical to Michigan’s healthcare future given the number of key elected positions up for election …

CMS Releases FY 2023 Final Rule to Update Hospital IPPS

The Centers for Medicare and Medicaid Services (CMS) recently released a final rule to update the Medicare fee-for-service (FFS) hospital inpatient prospective payment system (IPPS) for fiscal year (FY) 2023. The rule will: Reduce disproportionate …

CMS Releases FY 2023 Inpatient Psychiatric Facility Final Rule

The Centers for Medicare & Medicaid Services (CMS) recently released a final rule to update the Medicare fee-for-service prospective payment system for inpatient psychiatric facilities for fiscal year (FY) 2023, which begins …

Final Rule to Update Inpatient Rehabilitation Facilities Payment for FY 2023

The Centers for Medicare & Medicaid Services recently released a final rule to update the Medicare fee-for-service prospective payment system for inpatient rehabilitation facilities for fiscal year (FY) 2023, which begins …

CMS Releases FY 2023 Final Rule to Update Long-term Care Hospital PPS

The Centers for Medicare and Medicaid Services (CMS) recently released a final rule to update the Medicare fee-for-service long-term care hospital prospective payment system (PPS) for fiscal year (FY) 2023, which begins Oct. …

Survey Published for Opioid Use Disorder Contacts

In preparation for the state’s anticipated grant program to implement an Emergency Department Medication for Opioid Use Disorder (ED MOUD) program, the MHA is asking all members to fill out …

Hospitals Encouraged to Review Medicare Advantage Enrollment Plans

Medicare Advantage (MA) enrollment in Michigan totaled approximately 1.20 million in July, an increase of 15,000 beneficiaries since April. The July MA enrollment is spread across 47 MA plans that are currently operating in the …

Address Healthcare Employee Retention with Data ToolsSalary.com

It’s well known within the healthcare industry that issues of employee turnover, lack of applicants and salary compression were exacerbated in 2020 and 2021. Unfortunately, these trends have continued throughout …

Paul KeckleyThe Keckley Report

Solving Healthcare Workforce Shortages Requires Taking Self-care More Seriously

“The Labor Department reported that the U.S. added 528,000 jobs in July including 69,600 in healthcare. The unemployment rate fell to 3.5%, June job openings were down to 10.7 million from 11.3 million in May and government officials announced that the economy has now recouped the 22 million jobs lost in the pandemic.

But the more sobering news is that inflation has negated the workforce’ 5.1% wage gain in the last year and 1 in 5 workers is looking for employment elsewhere for higher pay and better benefits. And it’s even worse in the healthcare delivery workforce—the hospitals, long-term care facilities, clinics and ancillary service providers where 12 million work. During the COVID-19 pandemic, hospital employee turnover increased to 19.5%–five times higher than the general workforce. And today, 45% of physicians report burnout—double the rate pre-pandemic.”

Paul Keckley, August 8, 2022

News to Know

Members are reminded to review their preliminary wage and occupational mix data released May 23 by the Centers for Medicare and Medicaid Services and submit any requests for changes to their Medicare Administrative Contractor by Sept. 2 since no new requests for changes will be accepted after that date.

MHA in the News

MHA CEO Brian Peters

The MHA received media coverage on a variety of topics during the weeks of Aug. 1 and Aug. 8. Areas of focus included health insurance tax credits from the American Rescue Plan Act (ARPA), healthcare benefits in the Inflation Reduction Act, growing demand for healthcare careers and more.

Address Healthcare Employee Retention with Data Tools

Member News
salary.com logo

By Dan McPhee, partnership relationship manager at Salary.com, an MHA Endorsed Business Partner.

salary.com logoIt’s well known within the healthcare industry that issues of employee turnover, lack of applicants and salary compression were exacerbated in 2020 and 2021. Unfortunately, these trends have continued throughout 2022 with indications that 2023 will be just as challenging. While there are several drivers of long-term employee retention, compensation professionals within the industry note three common challenges when it comes to employee turnover and recruitment:

  1. Employees leaving healthcare entirely for higher pay and/or better schedules.
  2. Employees transitioning from one healthcare facility to another for higher pay, benefits and/or better schedules.
  3. Employees moving out of city or state for higher pay, sometimes responding to economic relocation incentives provided by a hospital system, state or city.

These are informative themes, but each would warrant a case study for detailed, long-term solutions. MHA Endorsed Business Partner (EBP) Salary.com has the data to look at solutions to these challenges within their CompAnalyst MarketData tool. With more than 8,000 benchmark jobs updated monthly and the ability to scope by industry, geography and facility size, the team can easily pull valuable data into reports to help HR and compensation professionals better understand the market, competition and industry pay.

MHA members are invited to try until Sept. 15 a free trial of the CompAnalyst MarketData tool for 30 days or 15 job pricings (whichever comes first) and receive full support from Salary.com on using the tool and identifying solutions to these challenges. Members also receive discounts on all Salary.com subscriptions and resources.

Please visit the MHA Salary.com landing page or contact the Salary.com team to start a trial. Visit the MHA EBP webpage for more information on available workforce solutions.

MHA Monday Report Jan. 24, 2022

Monday Report
MHA Monday Report

MICNP and MSMS Address Legislative Policy Panel

The MHA Legislative Policy Panel convened Jan. 19 to develop recommendations for the MHA Board of Trustees on legislative initiatives impacting Michigan hospitals. The meeting was highlighted by presentations from representatives of the Michigan Council of Nurse Practitioners and the Michigan State Medical Society …

Grants Awarded to Address Substance Use Disorder in Upper Peninsula

Blue Cross Blue Shield of Michigan announced Jan. 19 that four Upper Peninsula community organizations will receive $490,000 in grant funding to help them address gaps in service for individuals and families facing substance use disorder and to support the development and growth …

Register Now for Jan. 28 Workplace Violence Response Training

According to the Bureau of Labor Statistics, healthcare workers are five times more likely to suffer a workplace violence injury than workers overall. This affects workers not just physically, but mentally, contributing to burnout and worsening turnover. …

Virtual Breakthrough

MHA Breakthrough Discounts on Registration, Hotel Rates Expire Soon

The MHA’s major membership meeting Breakthrough will be held Feb. 17 and 18 at the Grand Traverse Resort and Spa. The early registration discount will expire Jan. 28 and the discounted room rate at the Grand Traverse Resort and Spa will expire Jan. 26. …

Nominations Open Through Feb. 18 for MHA Ludwig Community Benefit Award

The valuable role of Michigan hospitals and healthcare providers during the COVID-19 pandemic is unmistakable. Brave personnel throughout these facilities have worked for two years to care for the staggering number of patients coming through their doors. …

Member Forum to Examine MHA Strategic Action Plan

The MHA will host a virtual member forum from 2 to 3 p.m. Feb. 24 to outline the MHA 2021-2022 program year’s strategic action plan, which the MHA Board of Trustees approved in August. The forum will review the priorities set for the year, progress to date, and the tactics the association will use to …

Trustees Strategic Planning Webinar and New AHA Trustee Insights Available

The webinar Governance Megatrends: What is the Impact on Your Board? Is scheduled from 1 to 2 p.m. Jan. 26 and will focus on relevant trends to the board and how to perform a comprehensive review of an existing strategic plan through pandemic-era eyes. Registrants will examine …

Salary.comSalary.com Offers 2022 Compensation Best Practices E-book

Salary.com, an MHA Endorsed Business Partner, is sharing its “10 Compensation Best Practices” e-book as a resource for hospital leaders to consider in developing compensation strategies. Hospitals and health systems continue to transform, and compensation …

News to Know

  • The MHA will host a free Lunch and Learn webinar from noon to 12:45 p.m. ET Feb. 1 to provide an update on the latest labor market trends and leading practices to attract and keep valuable employees.
  • DataGen hosted a national webinar Jan. 19 to review the 2022 Medicare fee-for-service outpatient prospective payment system final rule and hospital impact analysis. A recording from the webinar is available online.

MHA in the News

WXYZ Detroit interviewed MHA CEO Brian Peters Jan. 19 to discuss the impact the COVID-19 surge is having on health systems statewide.

Salary.com Offers 2022 Compensation Best Practices E-book

Member News
Salary.com

Salary.com, an MHA Endorsed Business Partner, is sharing its “10 Compensation Best Practices” e-book as a resource for hospital leaders to consider in developing compensation strategies.

Hospitals and health systems continue to transform, and compensation practices need to keep pace. Staff retention has become a top concern, and diversity and pay equality issues are critically important.

An organization’s compensation philosophy is the first step toward fair and competitive pay, leading to higher retention rates and the ability to attract top talent. Employers can open the level of transparency throughout the organization and develop trust among employees. The philosophy will help answer employees’ questions about how their pay is determined.

Downloading Salary.com’s “10 Compensation Best Practices” e-book will help healthcare leaders review their compensation philosophy in the context of today’s human resources challenges and discover other strategies for setting appropriate pay structures in 2022.

Members with questions may contact Kevin Plunkett at Salary.com. For more information on the MHA Endorsed Business Partner program, contact Rob Wood at the MHA.

Salary.com Shares Resources for Developing Compensation Strategies

Member News
salary.com logo

As part of an educational series from the MHA Endorsed Business Partners, Salary.com shared the following three resources for hospital leaders to consider in developing compensation strategies.

As part of its Get Pay Right podcast series, Salary.com explores Remote Work and Compensation. In this episode, Salary.com leaders share insights from the latest research and discuss how to define a strategy for remote pay and ways to address the impact on compensation, pay equity and culture.

As organizations evaluate their post-pandemic hiring practices, many are offering signing bonuses to stand out in the shifting war for talent, but is this a short-term fix? Salary.com’s recent New Hire Pay Practices Pulse Survey shows the extent to which organizations are increasing pay levels to attract top talent and how new hire pay practices are impacting internal equity. The results highlight important findings that organizations should consider as they define their post-pandemic practices.

Finally, Salary.com shared new findings from the annual National Salary Budget Survey. Planned 2022 salary increases for U.S. workers are trending upward, breaking a 10-year flat cycle. Forty one percent of organizations will have a higher salary increase budget in 2022 than 2021.

Members with questions may contact Kevin Plunkett at Salary.com. For more information on the MHA Endorsed Business Partner program, contact Rob Wood at the MHA.