The American College of Healthcare Executives found that hospital CEO turnover remained steady in 2011 at 16 percent nationwide, and with high CEO turnover comes large fluctuations in salaries and compensation, according to an article from Integrated Healthcare Strategies.
Compensation Issues
As hospitals work to integrate their services, shrink their total cost of care, raise patient satisfaction and drop their readmissions, employing or aligning with physicians of all specialties are in hospitals' sights.
Last week, the compensation committee of Nashville, Tenn.-based Vanguard Health Systems amended the annual incentive plan for executives so all cash bonus payments are received by this September, according to a filing with the U.S. Securities and Exchange Commission.
As hospitals and other healthcare organizations continue to meet growing demands of compliance and regulation, healthcare chief compliance officers are seeing their salaries grow.
Salaries and compensation packages of hospital-employed physicians have become a burning topic in recent years, mostly due to the upsurge in hospitals acquiring physician practices and subsequent employment of physicians.
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The University of California released its employee pay data for 2011 last August, and each of the CFOs at UC's five academic medical centers earned more than $315,000.
Out of 154 CEOs of California-based hospitals and health systems surveyed by Payers & Providers, 32 earned $1 million or more in 2010.
Last week, California Assembly member Luis Alejo (D-Salinas) introduced Assembly Bill 130, which would prohibit a California hospital district from dishing out pension benefits to the CEO prior to his or her retirement, but AB 130 is not the only…
Over the past decade, neurosurgeons have consistently ranked among the top five highest-paid physician specialties, and in 2012, neurosurgeons who work at hospitals and health systems earned roughly $700,000 in total compensation.
California Assemblyman Luis Alejo (D-Salinas) has introduced Assembly Bill 130 (pdf), which would prohibit a hospital district from dishing out pension benefits to the CEO prior to his or her retirement.