MONTEREY PARK, Calif.--(BUSINESS WIRE)--SynerMed, a leading healthcare Management Service Organization (MSO) based in Monterey Park, California, is announcing that it will raise the minimum hourly rate for SynerMed employees to $15 per hour. The increase will take effect on December 1, 2016 and will apply to SynerMed employees in every state.
Beginning July 1, 2016, the Office of Wage Standards (OWS) of the Bureau of Contract Administration in Los Angeles required all businesses with 26 or more employees to raise the minimum hourly wage to $10.50 per hour. Following guidelines set by the Los Angeles Minimum Wage Ordinance (MWO), employers must raise the minimum wage annually until it reaches $15.00 per hour in 2020.
Instead of increasing wages incrementally as proscribed by the MWO, SynerMed elected to accelerate the implementation of the new minimum wage requirements to the 2020 wage level for all employees in its Los Angeles, Central Valley, Northern California, San Diego and Colorado offices. This means no SynerMed employee, regardless of which state they work in, will earn less than $15 per hour.
“At SynerMed, we’ve always viewed ourselves as innovators who lead by example,” said James Mason, President and CEO of SynerMed. “The MWO is a great step in the right direction towards giving all workers the fair wages they deserve, but we felt that we could do more. We think of all of our employees as family and we want to do all that we can to make sure that they are taken care of.”
With the new wage increase in effect, SynerMed’s employees can rest assured that their needs will not be overlooked as the company continues to innovate healthcare by providing technology and services that deliver value to health plans, hospitals, physicians and patients.
SynerMed is a market-leading healthcare organization specializing in government-sponsored programs that is headquartered in Monterey Park, California. SynerMed is dedicated to innovating healthcare through an integrated system of tools, purpose-built web platforms and professional services that connects physicians, members, hospitals and health plans. SynerMed’s mission is to transform the healthcare delivery system by rewarding high-quality and cost-effective care. For more information about SynerMed, visit www.synermed.com and www.synermedconnect.com.
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