Despite not having worked for Northeast Health System, based in Beverly, Mass., for almost four years, former CEO Stephen Laverty is still collecting severance payments, according to a Gloucester Times report.
Compensation Issues
Although radiologists are one of the highest-paid physician specialties, their average salaries fell slightly from 2010 to 2011, and the mean radiologist salary was around $315,000, according to Medscape's "Radiologist Compensation Report: 2012 Results."
Seven-figure pay is the new norm in Boston, as the CEOs of the city's largest hospitals and health systems earned between $1 million and $3.1 million in 2010, according to a Boston Globe report.
The American Hospital Association, the primary hospital trade and lobbying group based in Chicago, recently released its Form 990 (pdf), and president and CEO Rich Umbdenstock reported more than $3.3 million in total compensation last year.
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.
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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.
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."