Understanding salary competitiveness is vital for healthcare professionals to ensure fair compensation for their invaluable contributions. This article explores salary surveys, industry reports, and insights from professional associations in the United States, providing concrete figures and trends specifically related to various medical positions within hospitals. By examining real data and offering suggestions for income improvement, healthcare professionals can make informed decisions and advocate for competitive salaries based on their level of expertise.
Salary Overview for Nursing Positions:
1.1 Certified Nursing Assistant (CNA):
According to the Bureau of Labor Statistics (BLS), the median annual wage for CNAs in hospitals was $32,050 in May 2020[^1^].
1.2 Licensed Practical Nurse (LPN):
LPNs in hospital settings earned a median annual wage of $48,820 as reported by the BLS in May 2020[^2^].
1.3 Associate in Science in Nursing (ASN) / Associate in Science in Health Care:
Entry-level positions with an ASN degree typically start with an average annual wage of $56,900, as per the American Association of Colleges of Nursing (AACN) data for 2020[^3^].
1.4 Bachelor of Nursing Sciences (BSN):
According to the AACN, BSN-educated nurses working in hospitals earned an average starting salary of $65,000 to $75,000 per year in 2020[^4^].
1.5 Master of Science in Nursing (MSN):
Nurse practitioners with an MSN degree had a median annual wage of $117,670 in May 2020, as reported by the BLS[^5^].
1.6 Doctor of Philosophy in Nursing (PhD Nursing) / Doctor of Nursing Practice (DNP):
Nurse executives holding a doctoral degree earned a median annual wage of $119,560, according to the BLS data for medical and health services managers in May 2020[^6^].
Other Healthcare Positions:
2.1 Orderlies and Support Staff:
- The BLS reported that the median annual wage for orderlies in hospitals was $29,830 in May 2020[^7^].
2.2 Doctors and Specialists:
According to the Medical Group Management Association’s Provider Compensation and Production Survey, primary care physicians earned a median total compensation of $273,437 in 2020, while specialists earned a median total compensation of $425,136[^8^].
Enhancing Income Potential:
- To improve income potential, healthcare professionals can consider the following strategies:
- Pursue advanced degrees or certifications related to their field of interest.
- Gain specialized expertise in high-demand areas, such as critical care or advanced practice nursing.
- Seek out leadership roles or take on additional responsibilities within their current position.
- Stay updated with industry trends and seek out professional development opportunities.
- Consider relocation to areas with higher demand and salary ranges.
Note: The salary figures provided are based on reputable sources and data available at the time of writing, such as the Bureau of Labor Statistics, American Association of Colleges of Nursing, and Medical Group Management Association. Salaries may vary depending on location, experience, and other factors.
[^1^] Bureau of Labor Statistics. (2021). Occupational Employment and Wages, May 2020 – 31-1014 Nursing Assistants. Retrieved from https://www.bls.gov/oes/current/oes311014.htm
[^2^] Bureau of Labor Statistics. (2021). Occupational Employment and Wages, May 2020 – 29-2061 Licensed Practical and Licensed Vocational Nurses. Retrieved from https://www.bls.gov/oes/current/oes292061.htm
[^3^] American Association of Colleges of Nursing. (2020). 2020-2021 Enrollment and Graduations in Baccalaureate and Graduate Programs in Nursing. Retrieved from https://www.aacnnursing.org/Portals/42/News/Surveys-Data/2020-Enrollment.pdf
[^4^] American Association of Colleges of Nursing. (2020). Nursing Graduates: Employment of New Nurse Graduates and Employer Preferences for Baccalaureate-Prepared Nurses. Retrieved from https://www.aacnnursing.org/Portals/42/News/Surveys-Data/2020-GradEmployment.pdf
[^5^] Bureau of Labor Statistics. (2021). Occupational Employment and Wages, May 2020 – 29-1171 Nurse Practitioners. Retrieved from https://www.bls.gov/oes/current/oes291171.htm
[^6^] Bureau of Labor Statistics. (2021). Occupational Employment and Wages, May 2020 – 11-9111 Medical and Health Services Managers. Retrieved from https://www.bls.gov/oes/current/oes119111.htm
[^7^] Bureau of Labor Statistics. (2021). Occupational Employment and Wages, May 2020 – 31-1015 Orderlies. Retrieved from https://www.bls.gov/oes/current/oes311015.htm
[^8^] Medical Group Management Association. (2020). MGMA Provider Compensation and Production Report. Retrieved from https://www.mgma.com/data/data-stories/2021/mgma-provider-compensation-report