Compensation Issues

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8 Recent Stories on Hospital Executive Compensation

Here are eight recent stories on hospital executive compensation that occurred in the past few weeks, starting with the most recent.

1. Twenty of the top executives at Sutter Health in Sacramento, Calif., which recently endured a one-day nursing strike, earned more than $1 million each in 2009. According to the report, CEO Pat Fry topped the list at roughly $4 million in total compensation.

2. Fiscal year 2010 was the last year Boston-based Caritas Christi filled out its Form 990s as a non-profit organization, and CEO Ralph de la Torre, MD, reported total compensation of $2,270,076.

3. In fiscal year 2010, Exeter (N.H.) Hospital President and CEO Kevin Callahan made $740,927, down slightly from his 2009 salary of $747,948. CFO Kevin O'Leary earned $433,850 in 2010, down from $454,174 in 2009. Exeter is one of 10 hospitals that filed a lawsuit against New Hampshire regarding Medicaid cuts, but last week, the state said the hospitals could handle Medicaid cuts due to their large operating margins and executive salaries.

4. Carlos Migoya, CEO of Miami-based Jackson Health System, has finished assembling his executive team, but some healthcare experts say the new executives are not being paid enough to fix the health system's massive financial problems.

5. CEOs at the largest and most profitable children's hospitals have some of the highest compensation packages in the hospital sector, as most make more than $1 million in salary and benefits annually.

6. Last week, University of California Davis Medical Center CEO Ann Madden Rice received a $259,000 raise, and UC Davis Chancellor Linda Katehi defended the action, saying the cost and time of replacing Ms. Rice would have been far greater than the raise.

7. Dallas County commissioners sent a clear message to the board of directors at Dallas-based Parkland Memorial Hospital: There will be no raises or bonuses for top executives after the hospital nearly lost Medicare and Medicaid funding due to failed patient safety and emergency care inspections.

8. After finding out several top executives at Good Samaritan Regional Medical Center in Corvallis, Ore., received salary increases ranging from 9.6 to 18 percent from 2008 to 2009, more than 75 hospital nurses part of the Oregon Nurses Association held an informational picket asking for comparable pay raises.

Related Articles on Hospital Executive Compensation:

7 Trends for Non-Profit Hospital Executive Salaries
Average Healthcare CFO Compensation Reaches $224K
How Hospital Executives Can Use Performance, Negotiations to Increase Earning Power

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