El Camino Hospital in Mountain View, Calif., has spent $149,000 in campaign funds on efforts to defeat Measure M, a ballot measure that would cap hospital executive compensation to no more than twice the salary of California's governor, according to…
Compensation Issues
Before Larry McAndrews retired as president and CEO of the National Association of Children's Hospitals and Related Institutions, which is part of the Children's Hospital Association, he made roughly $1.24 million in total compensation.
Lee Michelson, CEO of Sequoia Healthcare District, will now see a bigger paycheck, as the district's board of directors approved a 14 percent raise, according to a Palo Alto Daily News report.
Roughly 79 percent of all physician specialties experienced raises in compensation in 2011, although most of the increases were nominal, according to the American Medical Group Association's 2012 Medical Group Compensation and Financial Survey.
Roughly 56 percent of hospitals have a physician compensation governance structure, and that number is expected to rise as more physicians become hospital employees, according to a survey from consulting and compensation firm Yaffe & Company (pdf).
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Compensation for cardiologists has compressed in recent years as federal and state regulators kept a more watchful eye on cardiology procedures and reimbursement patterns.
At the 19th Annual Ambulatory Surgery Centers Conference in Chicago, a panel of experts will give a presentation titled "What Should Great Medical Directors, Administrators and DONs be Paid?"
When hospitals and health systems need to re-evaluate their expenses, benefits programs are usually among the first areas to succumb to the chopping block, but providers should look closely at all benefits programs before making any cuts, according to a…
Roughly one-third of CFOs of the 25 top-grossing non-profit hospitals earned more than $1 million in total compensation a few years ago, and all CFOs in that group made at least $500,000.
An overwhelming amount of physician searches offer a relocation allowance to physicians, and the average relocation allowance is $10,035, according to a survey from Merritt Hawkins.