The board of trustees also unanimously voted to award Mr. Nagowski a five-year contract extension, according to the report.
CMS and state investigators have heavily scrutinized Cape Fear Valley over the past year for issues ranging from patient safety to wrongful death lawsuits. The health system risked losing its Medicare status for the fifth time after state regulators, on behalf of CMS, found the hospital’s policies on telemetry were inadequate.
CMS approved Cape Fear Valley’s corrective action plan in January, and the health system still receives Medicare and Medicaid reimbursements.
More Articles on Hospital CEO Raises:
Compensation Exceeds $4.2M for Carolinas HealthCare System CEO
CEO Declines Raise at South Carolina’s Regional Medical Center
6 Hospitals and Health Systems That Recently Awarded Executive Raises
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.