11 Latest Hospital Executive, Physician Compensation Stories
1. As payors began to experiment with value-based payment models and reduced costs for services, physicians experienced large decreases in their reimbursement rates last year.
2. CEOs of hospital districts usually have lower compensation packages than private, non-profit systems and for-profit hospitals, and in California, the median salary of a hospital district CEO in 2010 was $230,990.
3. The compensation committee of Nashville, Tenn.-based Vanguard Health Systems amended the annual incentive plan for executives so all cash bonus payments are received by this September.
4. The Health Care Compliance Association released its 2012 annual survey of chief compliance officer salaries, showing that the average CCO salary hit $125,330, and the median salary was $110,000.
5. Out of 154 CEOs of California-based hospitals and health systems surveyed by Payers & Providers, 32 earned $1 million or more in 2010.
6. California Assembly member Luis Alejo (D-Salinas) introduced Assembly Bill 130, which would prohibit a California hospital district from dishing out pension benefits to the CEO prior to his or her retirement.
7. In fiscal year 2011, nine presidents and CEOs of hospitals in Connecticut earned at least $1 million in total compensation, with Clarence Silvia, president and CEO of The Hospital of Central Connecticut in New Britain and Southington, earning the most at $2.76 million. James Staten of Yale-New Haven Hospital had the highest compensation among Connecticut hospital CFOs, making $1.36 million
8. Roughly 58 percent of non-profit organizations offer their CEOs an employer-paid, nonqualified retirement plan, an increase from two years ago.
9. Officials at El Camino Hospital, based in Mountain View, Calif., filed a lawsuit against the SEIU to negate a voter-backed initiative that would limit hospital executive compensation.
10. Over the past 12 months, advanced practice clinicians received a median salary increase of 3 percent and an average salary boost of 3.9 percent, according to the 2012 Advanced Practice Clinician Compensation and Pay Practices Survey.
11. University of Arkansas for Medical Sciences, based in Little Rock, agreed to pay former CFO Melony Goodhand $312,000 over the next year to communicate with the academic medical center as it transitions to a new CFO.
More Articles on Healthcare Compensation:
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review