A recent staff editorial in the Mercury News took issue with the current ballot initiative in the Mountain View, Calif., area that would limit the pay of El Camino Hospital executives, calling it the "Most Irresponsible Local Ballot Measure of…
Compensation Issues
As Vanguard Health Systems prepares to announce financial results for the first quarter of its 2013 fiscal year, the Nashville, Tenn.-based for-profit hospital operator also released executive compensation figures, showing that CEO and board chairman Charles Martin Jr. earned $7.94…
The board of Lee Memorial Health System in Fort Myers, Fla., officially approved an 8 percent raise for president and CEO Jim Nathan, bringing his new annual salary to $808,000, according to an NBC2 report.
Among long-term care facilities, hospitals and home care agencies, directors of rehabilitation had the highest salaries at hospitals, according to a report from Hospital & Healthcare Compensation Service.
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…
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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).
Compensation for cardiologists has compressed in recent years as federal and state regulators kept a more watchful eye on cardiology procedures and reimbursement patterns.