The Problem: A Market Lacking Clarity
Is everyone guessing about CRNA salaries? The CRNA market faces several challenges for CRNAs and Healthcare Partner Organizations. Here they are:
- Limited visibility into anesthesia service costs and pay predictions for CRNA services.
- Absence of a central marketplace for CRNA-facility connections and marketplace data.
- Eroding Negotiation Leverage for healthcare partner organizations utilizing 3rd party agencies for recruitment.
These issues can lead to frustration for both CRNAs seeking fair compensation and healthcare organizations struggling to fill positions.
Lokum: Your Solution for a Transparent Market
Lokum tackles these challenges head-on with a robust matchmaking engine and a commitment to data-driven market navigation.
Key Findings from the 2024 CRNA Compensation Report
Our report analyzes data from various sources, including:
- 2023 Bureau of Labor Statistics (BLS) W-2 salary data across 50 states
- 24,303 rows of offered salary data from Gaswork in 2024
- Self-reported 1099 pay information by 657 CRNAs
- AANA Compensation & Benefits Survey published in 2023
Here’s what we discovered:
- Location matters: Regional variations had the most significant impact on salaries.
- Contract type matters: 1099 CRNAs earn a higher average salary than W-2 counterparts by 23.88% on average.
- Negotiation gap exists: CRNAs may be getting paid far below their reported rates, highlighting a discrepancy in pay expectations. CRNAs reported hearing salaries higher than their own by 10% on average.
- Challenges in salary prediction: Lack of a central marketplace and limited data points create complexities. We leveraged all of the data we had to build a salary calculator…it was only right half the time. The listed data sources are regularly utilized as salary benchmarks when negotiating salaries in the CRNA market, and while being the only reliable sources available, they are inadequate for making educated decisions about compensation.
Benefits for CRNAs:
Confident Salary Negotiations:
This data will continue to equip CRNAs with valuable insights for informed salary negotiations, supporting them in receiving fair compensation for their skills and experience.
Strategic Career Moves:
By understanding how factors like geography, expertise and location affect salaries and offered benefits, CRNAs can make strategic career decisions to optimize their earning potential.
Benefits for Healthcare Partner Organizations:
Competitive Job Offers:
Leverage data and insights to attract qualified CRNAs by offering competitive salaries based on regional information and available industry data.
Get insights into negotiation drivers in regional markets based on existing compensation information and help Lokum App learn over time to take the guesswork out of salary benchmarking.
Reduce Friction in Hiring:
Data-driven insights from our report can help healthcare partners identify potential mismatches in salary expectations for CRNA positions, reducing friction in the hiring process.
Lokum: A Trusted Partner for Success
We offer a robust matchmaking engine that connects CRNAs with healthcare partner organizations seeking their expertise. Our commitment to a thorough understanding of market dynamics and user-centric philosophy helps us on our mission to bridge the gap between talent and opportunity.
Leveraging Data for Better Decisions
Leverage data-driven insights to navigate the CRNA market with confidence. Lokum is dedicated to continuous improvement. We’re actively collecting more data within our platform and refining our models to enhance our compensation insights. With your continued help, we can build stronger and more comprehensive datasets with predictive power to help you stop guessing.
Stop Guessing, Start Thriving!
Download the full 2024 CRNA Compensation Report and explore the Lokum App today!
