15 Recent Healthcare Compensation Issues

The following physician and hospital executive compensation issues occurred in the past two months, starting with the most recent.

1. The board of Maricopa Integrated Health System in Phoenix signed off on a compensation deal for new CEO Steve Purves, who can potentially make upwards of $650,000 per year in salary and bonuses.

2. A report from physician staffing firm Merritt Hawkins found 13 of the most-recruited physician and advanced practitioner specialties had higher average base salary offers in 2012-13 compared with the year prior.

3. A survey found the average healthcare CIO earns roughly $286,000, is a highly educated male and has served in the role for about 10 years.

4. James Gonzalez, the recently appointed president and CEO of University Hospital in Newark, N.J., is set to earn more than $416,000. University Hospital became a standalone hospital last year.

5. A Hay Group survey said physicians across the healthcare sector should expect a median salary increase of 2.4 percent next year, and hospital-employed physicians are likely to receive lower raises.

6. Donnie Weeks is retiring from his role as CEO of Camden, S.C.-based KershawHealth in January, and a local news report found he will be receiving $524,000 from the system to compensate for unused paid time off and early retirement.

7. The compensation committee of Vanguard Health Systems in Nashville, Tenn., laid out details of its 2014 incentive plan for top executives, and CEO Charles Martin Jr. could make more than $1 million in bonuses.

8. Several CEOs of Boston's top academic medical centers and health systems recorded compensation of at least $1 million in 2011, following previous trends.

9. California Gov. Jerry Brown signed into law Assembly Bill 130 — which will prohibit public hospital and healthcare districts from paying pension benefits to the CEO prior to his or her retirement.

10. The newest survey from the American Medical Group Association showed that the highest-compensated physicians in 2012 were cardiologists in the cath lab.

11. Naples, Fla.-based Health Management Associates adopted a plan that would award retention bonuses and a severance option to three of its top executives.

12. The legal team at Parkland Memorial Hospital, the public hospital for Dallas County, refused to share an executive compensation study with The Dallas Morning News.

13. The University of California released its employee pay data for 2012, and three of UC's five academic medical center CEOs earned at least $1 million.

14. One of the most closely watched compensation battles in the hospital industry reached a conclusion, as a local ballot initiative that would have capped the pay of executives at El Camino Hospital in Mountain View, Calif., was ruled unconstitutional.

15. Court documents showed that several executives at Sound Shore Health System in New Rochelle, N.Y., received compensation checks right before the organization filed for Chapter 11 bankruptcy.

More Articles on Healthcare Compensation:
27 Statistics on Hospital CEO Salary Adjustments and SERPs
12 Statistics on Rural Hospital CFO Compensation
Average Nurse Salaries Have Grown by $20k Since 2000

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>