SkillGigs is back with the healthcare payment trend series. In this edition, we delve into the average payment trends for different specialties from January to September 2023. By offering valuable insights into the ever-evolving landscape of healthcare payment rates, we aim to help you make the right decision.
As the healthcare industry continues to undergo transformative changes, understanding payment trends is crucial for healthcare providers, insurers, and patients alike.
ER RN
ER RN payment rates started at $75.46 in January and increased to $61.23 by September, with a total decrease of 19%.
Summary: Rates fluctuated, but the overall trend was a decrease in rates.
ICU RN
ICU RN payment rates began at $87.42 in January and increased to $66.77 by September, with a total decrease of 24%.
Summary: Rates were highest in January and showed a consistent decrease.
L&D
L&D payment rates started at $88.11 in January and decreased slightly to $72.88 by September, with a total decrease of 17%.
Summary: Rates were highest in January and remained relatively stable.
Med Surg
Med Surg payment rates began at $68.83 in January and decreased slightly to $58.16 by September, with a total decrease of 15%. Rates were highest in January and showed a moderate decline.
Summary: Rates were highest in January and showed a moderate decline.
OR RN
OR RN payment rates started at $82.09 in January and decreased slightly to $70.61 by September, with a total decrease of 14%.
Summary: Rates were highest in January and showed a gradual decrease.
PCU
PCU payment rates began at $73.60 in January and decreased to $62.96 by September, with a total decrease of 14%.
Summary: Rates were highest in January and showed a consistent decline.
Physical Therapist
Physical Therapist payment rates started at $55.17 in January and increased to $55.58 by September, with a total increase of less than 1%.
Summary: Rates fluctuated but remained relatively stable.
Stepdown RN
Stepdown RN payment rates started at $78.29 in January and increased to $67.37 by September, with a total decrease of 14%. Rates were highest in January and showed a consistent decline.
Summary: Rates were highest in January and showed a consistent decline
TeleHealth
TeleHealth payment rates began at $85.34 in January and increased to $63.17 by September, with a total decrease of 26%.
Summary: Rates were highest in January and showed a sharp decline.
Conclusion
The grand total rates started at $76.75 in January and decreased slightly to $61.46 by September, with a total decrease of 20%. Rates were highest in January, and there was a gradual decline over the months. In summary, most specialties experienced a decrease in rates from January to September, with the highest rates observed in January. Only Physical Therapist rates remained relatively stable. This data suggests that there have been changes in demand for these healthcare specialties over the months.
As the healthcare industry continues to undergo transformative changes, monitoring payment trends is crucial for making informed decisions.
These insights can empower healthcare organizations, facilities, and candidates to adapt and thrive in an ever-evolving healthcare landscape. By staying informed about payment trends, one can navigate the future of healthcare successfully.
SkillGigs, an AI-based talent marketplace gives you access to high-paying jobs that you can bid on as per your skillset and experience. Check out the latest healthcare jobs on our platform.
