Over the past three years, hospital CNOs have had the lowest rates of salary growth compared with CEOs, CFOs and CMOs, according to a survey from Yaffe & Company, a healthcare compensation consulting firm.
Compensation Issues
Hospital CMOs received base salary raises as high as 10.17 percent in 2006, but their salary adjustments have been cut by more than two-third since then, according to a survey from Yaffe & Company, a healthcare compensation consulting firm.
Similar to hospital CEOs, hospital CFOs have received higher-than-average base salary raises, but they are lower than the raises issued before the 2008 economic collapse, according to a survey from Yaffe & Company, a healthcare compensation consulting firm.
Although hospital CEOs continue to receive higher-than-average raises to their base salaries, salary adjustments have leveled off over the past three years, according to a survey from Yaffe & Company, a healthcare compensation consulting firm.
Physician shortages are prompting hospitals and other provider organizations to rely more on advanced practice clinicians, or physician extenders. In theory, APCs are less expensive because their salaries and compensation are less than those of physicians, according to a whitepaper…
Advertisement
David Scarpino serves as CFO of HealthAlliance of the Hudson Valley based in Kingston, N.Y., and his financial oversight extends to three small, yet important, hospitals in New York's west-central confines.
Here's a scenario: A hospital CEO or CFO voluntarily "resigns" due to pressure from a board but is not actually fired, which would have prompted severance payouts. Should the hospital pay that executive anyway?
Gary Foster, CFO of Saratoga Hospital in Saratoga Springs, N.Y., has been with the organization since 1994, and through his and others' efforts, the hospital has improved its balance sheet and general credit rating.
Lowell Johnson, interim president and CEO of Salinas (Calif.) Valley Memorial Healthcare System, is catching public criticism after it was discovered he was paying his daughter with district funds to get him to and from the airport every week, according…
Fargo, N.D.-based Sanford Health is doubling down on retaining experienced nurses, as the health system has started to offer $15,000 signing bonuses to registered nurses with at least two years of experience who also will commit to stay for at…