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?
Compensation Issues
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…
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.
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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.
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.