Montrose Regional Health today announced it has invested an additional $1.725 million in MRH caregiver wages.
MONTROSE, CO ― Montrose Regional Health today announced it has invested an additional $1.725 million in MRH caregiver wages. The move is expected to help the hospital retain staff and recruit more skilled labor to support its communities.
“We are proud to invest in our hard-working caregivers,” said Jeff Mengenhausen, CEO of Montrose Regional Health. “Everyone we employ has an important role in our organization, and we value that role – whether it is a provider giving direct patient care, or someone cleaning our floors and helping us achieve nationally recognized cleanliness. It is a competitive labor market and our vision includes remaining the employer of choice in our communities.”
The pay increase was reflected on caregivers’ first paycheck in April. The move includes two methods of adjusting wages: one, merit-based pay increases based on performance as determined by annual reviews, and secondly, a market adjustment to ensure wages were comparable to similar roles in other organizations. Market rates were determined by a review of thousands of regional and national healthcare compensation surveys.
This pay increase is in addition to the HERO Bonus provided in late 2021, in which the hospital invested $500,000 into caregivers in appreciation for their dedication to the health of the community through the COVID-19 pandemic.
Montrose Regional Health is one of the largest economic drivers in the region. With over 750 caregivers, the hospital provides $53 million in pay & salaries, and an additional $11 million in benefits each year.
The hospital has received national recognition as an employer, including being named a Best-in-Class Employer by Gallagher in its recent Best-in-Class Benchmarking Analysis. The hospital was assigned points based on its relative performance in key categories, indicating the hospital positioned itself as a “destination employer.”
About Montrose Regional Health (www.MontroseHealth.com)
Montrose Regional Health is a 501(c)3 nonprofit healthcare system serving Montrose, San Miguel, Ouray, Gunnison, Delta, Hinsdale and San Juan counties. The hospital is licensed for 75-beds and offers an extensive range of inpatient & outpatient health care services, including cardiology, oncology, minimally invasive surgery, laboratory, medical imaging/radiology, Mountain View Therapy, Level III Trauma Center, Acute Rehabilitation Unit, advanced respiratory & pulmonary services, and the family birthing center. The health system has a reputation for acquiring the latest technologies in healthcare, from robotic assisted surgical services to UVC-disinfection technology. Montrose Regional Health is the second-largest employer in Montrose County, with more than 700 employees and 100 providers who represent 23 medical specialties. With a tagline that reads Caring for you like family, the health system is known for its warm patient care.