10 Biggest Hospital Compensation Stories of 2012
Several salary and compensation reports of hospital executives and physicians made headlines in 2012. Here are 10 of the biggest hospital compensation stories of the past year.
1. For hospitals and health systems, physician compensation will always be a hot-button issue. Here were 200 statistics used as primary benchmarks for physician compensation last year.
2. CEO and CFO compensation at non-profit hospitals and health systems continued to receive scrutiny over the past year. Here were the compensation figures of the CEOs and CFOs of the top-grossing hospitals and health systems, based on their most recent Form 990s.
3. Compensation of CEOs and CFOs at the country's eight largest for-profit hospital companies also made waves in 2012. Here were 48 statistics on their pay packages in fiscal year 2011, which were based on SEC documents filed throughout 2012.
4. CMS released a final rule in November, under the Patient Protection and Affordable Care Act, that will increase Medicaid payments for certain primary care physicians to Medicare rates over the next two years beginning Jan. 1, 2013. The final rule stated that all primary care physicians in specialties of family medicine, general internal medicine or pediatric medicine (and related subspecialties) will be paid Medicare rates for Medicaid primary care services for calendar years 2013 and 2014. However, CMS denied the increased payments to obstetricians, gynecologists and emergency medicine physicians.
5. The role of medical director has drastically changed for hospitals over the past several years. Integrated Healthcare Strategies recently released its 2011 Medical Director Survey, and here were 120 statistics on medical directorship compensation.
6. Three healthcare professionals, one health system executive and two physicians, answered the question: Are hospital executives overpaid, underpaid or paid fairly?
7. A study from the University of California Davis Health System in Sacramento found that over the course of a lifetime, specialist physicians earn roughly $2.8 million more, on average, than primary care physicians.
8. In November, voters in California approved Measure M, a ballot initiative that will cap the compensation of executives at El Camino Hospital in Mountain View, Calif., to no more than twice the salary of the state's governor, which is roughly $330,000.
9. Four compensation trends for advanced practice clinicians, which include nurse practitioners and physician assistants, bubbled to the surface in 2012.
10. A report from the Commonwealth Fund, "Accountable Care Strategies: Lessons from the Premier Health Care Alliance's Accountable Care Collaborative," explored the various organizational models and compensation options for ACOs.
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