The Times Union reported that Steven Boyle, CEO of St. Peter’s Hospital in Albany, received compensation worth $988,422 in 2008. Last year, Albany Medical Center CEO James Barba was paid $4.4 million in overall compensation.
Critics such as Senator Charles Grassley and Judy Wessler, executive director of statewide advocacy group Commission on the Public’s Health System, say the salaries are inflated and inappropriate for non-profit executives. Defenders of the compensation say non-profit hospital executives, who are responsible for complex organizations dependent on an intricate funding mix, deserve their high pay.
Read the Times Union story on executive compensation.
Read more Becker’s coverage on hospital CEO compensation.
4 Current Trends in Hospital Executive Compensation
New Hampshire Attorney General Reviews Hospital Executive Salaries
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