Washington Hospital’s Compensation Policy
Washington Hospital has a longstanding wage policy to pay all employees a fair wage that is neither at the top nor the bottom of the market. In accordance with longstanding board policy, Washington Hospital provides fair, competitive wages and benefits and has attracted some of the best and brightest health care employees.
Washington Hospital receives no taxpayer or government financial support to cover its operations, aside from local voter-approved funds dedicated only to capital improvement projects. So, when reimbursements are reduced, whether from government payors (i.e. Medicare) or from private payors (i.e. insurance companies), we must find a way to address reduced reimbursements while still making sure that the Hospital provides exceptional quality of care for its patient and needed services for its residents.
Last year the Washington Hospital Healthcare System faced unprecedented challenges largely due to the implementation of the Affordable Care Act and the difficult economy. We were not alone. Hospitals and health care systems across the country experienced a dramatic reduction in reimbursements.
Regardless of the challenges created by the Affordable Care Act, our Hospital is vital to meeting the health care needs of the community by providing a wide range of acute care and diagnostic services, supporting public health needs and offering a myriad of other community services to promote the health and well-being of the community.