The former CEO and CFO of Traverse City, Mich.-based Munson Healthcare received a combined $571,683 in severance pay the year they left the hospital system, according to a Traverse City Record-Eagle report.
Compensation Issues
Medical directorships have evolved a lot at hospitals and health systems over the past several years, and pay-for-performance strategies for medical directors are on the rise, according to an article at Integrated Healthcare Strategies.
The Form 990 has become a routine part of every hospital's tax filing, but some compensation information on the forms occasionally slips through the cracks, according to a report from the American Hospital Association (pdf) and American College of Health…
The University of California has released its employee pay data for 2011, and each of the CEOs at UC's five academic medical centers earned more than $775,000.
Redwood Falls (Minn.) City Council has fired Jim Schulte as CEO of Redwood Area Hospital in Redwood Falls after placing him on unpaid administrative leave May 3, according to a West Central Tribune report.
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Bonuses are an increasing trend in physician compensation and physician searches, and bonuses based on relative value units are still the most prevalent, according to the Merritt Hawkins "2012 Review of Physician Recruiting Incentives."
Earlier this week, Franklin, Tenn.-based Community Health Systems' compensation committee and board of directors unanimously decided the cash incentive opportunities of CEO Wayne Smith and CFO Larry Cash will be reduced this year if CHS does not grow its price…
Technology has never been as important at hospitals and health systems as it is right now, and that typically means CIOs and CMIOs have to handle a lot more.
Last month, Sandy Badinger became the new CFO of Slidell (La.) Memorial Hospital, and her vast experience in the area made her a prime candidate.
The average salary of a hospital manager — departments ranging from operations to maintenance — is roughly $90,659, which is up 6 percent from 2009, according to a survey from Health Facilities Management.