Minnesota Hospital CEO Defers Bonus, Raise Due to Lagging Finances

As District One Hospital in Faribault, Minn., grapples with millions in lost revenue, hospital CEO Stephen Pribyl said he will defer his performance bonus and 2 percent salary raise, according to a Faribault Daily News report.

Advertisement

Mr. Pribyl’s bonus would have totaled $8,600 and was based on specific goals and performance measures, according to the report. Hospital officials did not state how much Mr. Pribyl’s current salary is.

More Articles on Hospital CEO Raises:

Lee Memorial Health System CEO Nabs 8% Raise
CEO of Johnston Health in N.C. Gets First Raise Since 2009
Cape Fear Valley in North Carolina Awards CEO Salary Raise, Bonus

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.