Here are the 11 latest hospital executive and physician compensation stories from the past month, starting with the most recent.
Compensation Issues
As payors began to experiment with value-based payment models and reduced costs for services, physicians experienced large decreases in their pay rates last year, according to a survey from Physicians Practice, a business publication for physicians.
CEOs of hospital districts usually have lower compensation packages than private, non-profit systems and for-profit hospitals, and in California, the median salary of a hospital district CEO in 2010 was $230,990, according to data from Payers & Providers.
W-2 forms must now report the employer's cost and employee's contribution into company health plans as part of the federal healthcare law.
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.
Advertisement
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.
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.