Compensation Issues

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10 Recent Stories on Hospital Salary and Compensation

Here are 10 recent stories on hospital salary figures and compensation that occurred in the past month, starting with the most recent.

1. A recent Governance Institute survey found that 15 percent of non-profit hospitals and health systems said all or some of their board members are currently compensated, which is up from 10 percent in 2009.

2. Mark Schwartz, the former CEO of St. Luke's Magic Valley Medical Center in Twin Falls, Idaho, earned a salary of $290,000 before benefits and other compensated expenses last year.

3. A Witt-Kieffer survey found the average base salary for a typical chief nursing information officer is about $200,000 to $250,000, up from about $175,000 a year ago.

4. Detroit Medical Center CEO Mike Duggan is scheduled to make $2.41 million in salary, bonuses and several years of stock options this year. Nashville, Tenn.-based Vanguard Health Systems, which bought DMC last year and turned it into a for-profit system, is now responsible for setting Mr. Duggan's pay, and roughly $1.3 million of his total compensation is in stock options that he can start receiving next year through 2019.

5. An Integrated Healthcare Strategies survey found the most common individual perquisite for healthcare executives is an automobile or automobile allowance. Roughly 86 percent of healthcare CEOs receive one or the other.

6. CEOs at Montana's largest non-profit hospitals had varying salaries and compensation packages for fiscal years 2009 and 2010, ranging from $249,000 per year to $581,000 per year.

7. Lee Memorial Health System President Jim Nathan will not accept a $30,000 raise in conjunction with the organization's decision to freeze salaries of all employees.

8. The University of Virginia Health System in Charlottesville, Va., has instituted a new compensation system that has moved away from "fewer, broader pay grades to more, narrower grades."

9. The Service Employees International Union-United Healthcare Workers plans to support a ballot initiative that would cap the compensation of top executives at El Camino Hospital in Mountain View, Calif.

10. Physician executive compensation is growing at the lowest rate in the last 10 years.

Related Articles on Hospital Compensation:

3 Factors Influencing Hospital Executive Compensation

Which Hospital Employees Are Most and Least Satisfied With Their Pay?

7 Trends for Non-Profit Hospital Executive Salaries

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