The following article was written by David Kelly, administrator of Samaritan North Surgery Center in Dayton, Ohio, a Health Inventures facility.
Compensation Issues
HHS announced that under the Patient Protection and Affordable Care Act, more than 5.1 million Medicare beneficiaries have saved more than $3.2 billion on prescription drugs.
The average budgeted salary increases for hospital personnel in 2012 are 2.5 percent for hospital and health system executives, 2.8 percent for middle management and 2.6 percent for staff, according to a survey conducted by healthcare consulting firm Integrated Healthcare…
Non-profit hospitals in New York have increased the practice of supplemental executive retirement plans as a way to retain CEOs and reward longevity at the hospital, according to a Crain's New York Business report.
Total compensation for the CEOs of Indianapolis' four largest health systems grew between 15 percent and 53 percent from 2008 to 2010, according to an Indianapolis Star report.
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Compensation of hospital CEOs and other top hospital executives, especially at non-profit organizations, is undergoing mass amounts of scrutiny, thanks in part to the new federal standards that require transparency of all tax-exempt organizations.
HCA CEO Richard Bracken's total compensation for 2011 was valued at $5.7 million, down roughly 85 percent from $38.2 million in 2010, according to a news release by the hospital operator.
Of the top 25 highest-salaried employees in Maryland, 23 work at the University of Maryland School of Medicine and its affiliated University of Maryland Medical Center, according to a report from the Maryland Reporter.
San Ramon (Calif.) Regional Medical Center and its registered nurses, represented by the California Nurses Association-National Nurses United, have agreed on a new contract that will give the nurses at 10.5 percent raise over three years, according to an Oakland…
Local anesthesia services would be folded into Willmar Medical Services, a four-year-old joint venture between Rice Memorial Hospital and Affiliated Community Medical Centers, if the Rice hospital board approves the proposal, according to a West Central Tribune report.