HMA Shareholders Approve 2013 Executive Compensation Plans

More than 85 percent of Health Management Associates shareholders approved the pay of the Naples, Fla.-based hospital company’s top executives during its annual shareholders meeting, according to a disclosure with the Securities and Exchange Commission.

Advertisement

In April, Health Management revealed that President and CEO Gary Newsome earned $8.3 million in total compensation last year, a 16.8 percent increase from his pay in 2011. Health Management CFO Kelly Curry made $3.47 million, up from $3.41 million in 2011.

Corporate say-on-pay votes in the United States are still only classified as “advisory,” meaning they are nonbinding and cannot actually change the payouts for a company’s top executives.

More Articles on Hospital Executive Compensation:

CHS Shareholders Ratify Executive Pay for 2012
Pay for 18 Connecticut Hospital Execs Exceeds $1M in 2012
SEIU Calls Mercy Regional Medical Center Execs to Take 5% Pay Cut

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.

Advertisement

Next Up in Compensation Issues

Advertisement

Comments are closed.