Roughly 38.2 percent of physicians said their income in 2012 is about the same compared with their income in 2011, while 10.4 percent said compensation was up by less than 5 percent, according to a survey from Physicians Practice.
Compensation Issues
An overwhelming majority of Vanguard Health Systems shareholders have approved the 2012 executive compensation packages for the Nashville, Tenn.-based company's executives, according to a recent filing with the U.S. Securities and Exchange Commission.
The Cumberland County Board of Commissioners has voted that all future discussions regarding the compensation of the CEO of Cape Fear Valley Health System in Fayetteville, N.C., occur in private quarters, according to a Fayetteville Observer report.
Salary is the most basic component of any compensation package, but what are the most common benefits outside of salary that hospitals and practices offer physicians?
Since August 2011, Dan Enderson has served as CFO of Englewood, Colo.-based Centura Health, the state's largest health system.
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The board of directors at El Camino Hospital in Mountain View, Calif., has said they will look into legal options to block Measure M, which will restrict the compensation of hospital executives, according to a Mountain View Voice report.
Cleveland-based MetroHealth System named John Brennan, MD, as president and CEO yesterday, and Dr. Brennan’s total compensation package could be worth between $750,000 and $1.1 million, according to a Cleveland Plain Dealer report.
Cash stipends for hospital and healthcare medical directors have changed drastically over the past several years as medical directorships continue to evolve, and chief medical officer directorships usually lead to the highest stipends.
A major component of a hospital's compensation program involves retirement benefits. For hospital executives, supplemental executive retirement plans, or SERPs, are a staple of compensation programs, and the benefits within retirement plans could be make-or-break for any person or institution.
Executive compensation is a delicate subject no matter the industry, and for hospital and health system executives, their pay has been scrutinized more in the past several years as organizations continue to feel the strain of compressed finances.