Additionally, all non-profits would have to use at least 85 percent of every public dollar to provide services instead of administration costs, which include compensation and profit.
Other pieces of Gov. Cuomo’s budget proposal include the state taking over any increases in local Medicaid costs and gradually introducing managed care for Medicaid instead of fee-for-service.
Related Articles on New York Hospital Executive Compensation:
Staten Island University Hospital CEO’s Pay Tops $1M, Earns Task Force Scrutiny
Four New York Non-Profit CEOs Received $1M-Plus Bonuses in 2010
New York Gov. Cuomo Orders Review of Executive Compensation at Taxpayer-Supported Non-Profits
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.