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Healthcare personnel budgets stable despite need for workersPosted On Fri, June 1, 2012
A recent survey compiled by Compdata Surveys showed that the healthcare industry experienced a nearly unchanged pay increase budget in 2012 compared to the previous two years.
The stagnation in pay could have an effect on other sectors of the healthcare industry, especially insurance, due to the continued lack of personnel to meet the demand of patients who are looking for affordable care.
Overall, the pay increase budget for the healthcare industry was 2.5 percent in 2012, according to the report. This was nearly unchanged from the previous two years, which both had pay rises of 2.4 percent. In 2013, the figure is not expected to change from its current level.
"Although pay increase budgets have stagnated in the healthcare industry, the demand for healthcare workers continues to rapidly increase,” said Amy Kaminski, director of marketing for Compdata Surveys. "As a result, a larger portion of healthcare organizations’ pay increase budgets may be geared towards retaining employees in jobs for which there is a critical need."
The report noted that critical accesshospitals had the largest budget out of any medical facility at 2.8 percent. In addition, physician clinics had pay increase budgets 2.5 percent, while rehabilitation centers on average reported 2.4 percent. The lowest level was behavioral health facilities, which was only at 2.3 percent.
Furthermore, facilities that were able to make changes to their pay ranges in 2012 were able to adjust it by approximately 1.8 percent, on average, the report added. This isn't expected to change next year.
Consumers who are concerned that a lack of funding in the healthcare industry may affect their current offering may want to seek out an alternative option. By examining health insurance quotes, it could be easier to find a better plan.
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