Since 1991, Chuck Robb has been with Saint Luke's Health System, based in Kansas City, Mo., and he has been CFO of the organization — one of the largest health systems in the Kansas City area — since 1999.
Compensation Issues
Scott McKinnon, CEO of Memorial Hospital in North Conway, N.H., made roughly $280,000 in 2010, far less than what his predecessor made, according to a Conway Daily Sun report.
Short-term incentives are still a very popular component of executive pay programs, as roughly 80 percent of hospitals and health systems use them, according to Integrated Healthcare Strategies' 2012 National Healthcare Leadership Compensation Survey.
Few healthcare CFOs have to deal with the size and scope of an organization like Los Angeles-based Cedars-Sinai Medical Center, which has roughly $2.5 billion in revenue, and Edward Prunchunas has been doing it for almost 15 years.
Executive compensation at some of the country's most prominent non-profit institutions routinely exceeds $1 million, and with it comes increasing scrutiny, according to a report from The Chronicle of Philanthropy.
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As freestanding children's hospitals are reporting higher profits and doling out more lavish executive compensation packages, they could be damaging the trust of their core constituents — the communities and donors, according to a Health Affairs blog post written by…
Hospital CEOs received roughly 3 percent raises in their salaries this year, but how are the salaries stratified by percentiles? The latest salary planning figures from Hay Group (pdf) give some insight.
Pediatric subspecialty physicians saw their compensation increase 5.5 percent last year — the fourth straight year compensation has increased, according to ECG Management Consultants' sixth annual national pediatric subspecialty physician compensation survey.
A new report conducted by Tripp Umbach, an economic consulting firm, and released by the American Medical Association, American Hospital Association and American Nurses Association, found that up to 766,000 healthcare and related jobs could be lost by 2021 as…
CEOs at non-profit integrated health systems saw a median 3.2 percent boost in their base salaries this year, down slightly from a 4 percent increase last year, according to consulting firm Hay Group's 2012 healthcare compensation study.