One of the most closely watched compensation battles in the hospital industry has reached a conclusion, as a local ballot initiative that would have capped the pay of executives at El Camino Hospital in Mountain View, Calif., was ruled unconstitutional.
Compensation Issues
Compared with other hospital executives, CMOs have received only mild salary increases over the past year, according to a survey from Yaffe & Co., a healthcare compensation consulting firm.
Rural CEO compensation Depending on geography, size of facility and percentiles, a rural hospital CEO made between $120,000 and $392,000 in 2012.
In 2011, the CEOs of the four main hospitals and health systems in the Grand Rapids, Mich., region made more than $4.6 million in cumulative compensation, according to an Mlive.com report.
Diagnostic Imaging has released its 2013 Radiology Compensation Survey, finding that the average compensation for radiologists in 2012 was about $400,000.
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CMS has approved plans from 48 states to start paying physicians higher Medicaid rates, according to a Kaiser Health News report.
Health insurance exchanges have the potential to impact physicians and physician income in several ways, according to a Medscape News report.
Last year, hospital CFOs saw an average salary raise of 4.41 percent, down from an average increase of 5.92 percent in 2011-12, according to a survey from Yaffe & Co., a healthcare compensation consulting firm.
Court documents have showed that several executives at Sound Shore Health System in New Rochelle, N.Y., received compensation checks right before the organization filed for Chapter 11 bankruptcy, according to an investigative report from The Journal News.
As many hospitals and health systems in Maine scale back services and lay off employees, million-dollar salaries for top executives have gone under the microscope.