Physical therapists working in long-term care facilities received an average actual* pay increase of 3.7% in the last year, which was greater than the average actual pay increase seen by PTs in hospitals and home health settings. That’s according to the latest Rehabilitation Salary & Benefits Report from Hospital & Healthcare Compensation Service, which showed […]
Hospital and Healthcare Compensation Service
As acuity rises in the long-term and post-acute care settings, nursing homes and hospitals are in greater competition for nurses. Nurses may have in the past preferred to work in the traditional hospital setting for the chance to apply their clinical skills in more sophisticated ways, and for higher salaries. But an increase of residents […]
Despite financial headwinds tied to inflationary costs and staffing shortages, long-term care corporate executives with multi-facility organizations were paid 3.17% more in 2022 compared to the previous year. And, there’s a planned increase of 3.3% from 2022 to 2023 for executives in that space. That’s according to the 2022-2023 Multi-Facility Corporate Compensation Report issued by […]
As staffing constraints continue to dominate the skilled nursing space, wages rose 2.67% for the top long-term care corporate executives in 2021. Long-term care chief executive officers earned an average minimum salary of $296,786 and an average maximum salary of $467,373. That’s according to the most recent Multi-Facility Corporate Compensation Report from the Hospital & […]
Nursing homes this year experienced a higher rate of turnover for three positions — registered nurses (RNs), licensed practical nurses (LPNs) and certified nursing assistants (CNAs) — compared to continuing care retirement communities (CCRCs), according to a September report published by the Hospital & Healthcare Compensation Service (HCS). HCS pulled from separate reports on CCRCs […]
Staffing demands from COVID-19 spurred a national 7.13% increase in hourly wages for certified nursing aides (CNAs) this year according to a report published by the Hospital & Healthcare Compensation Service (HCS). The spike outpaced a 2020 increase of 4.76%. Non-certified nurse aides saw the highest raise at 7.98%, up from 4.24% in 2020. Despite […]
Staffing costs remain a top concern for skilled nursing providers, and a new report shows that salary growth for key rehabilitation employees in the long-term care space has lagged slightly behind other care settings. In general, long-term care providers reported slower pay increases for the 12 months ended June 2018, according to the latest rehab […]
Registered nurses (RNs) in nursing homes saw higher hourly rates and lower turnover this year, bucking recent retention trends since 2015, according to a new report from the Oakland, N.J.-based Hospital & Healthcare Compensation Service (HCS). In 2018, RNs’ hourly rates rose 3.1%, while turnover fell from 35.69% in 2017 to 33.94% this year. Though an improvement year-over-year, turnover […]
Hourly wages for nursing home employees who provide direct care and services tend to be lower than wages for the same job titles in assisted living facilities and continuing care retirement communities, recent survey findings show. But salaries for leadership titles and director positions did not follow the same trend. A staff nurse (RN) in […]
Wages are slowly climbing for rehab directors and therapists in the long-term care sector, according to the latest report from the Hospital & Healthcare Compensation Service (HCS), a national health care and salary and benefits research firm. The report, Rehabilitation Salary & Benefits Report 2017-2018, tracked responses from 2,485 providers of long-term care, which includes skilled nursing and […]
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