Richard Waltman, MD, a physician at Tacoma, Wash.-based MultiCare Health System, proposed that senior staff, including the CEO, cut their salary by 10 percent to prevent the planned layoff of up to 350 employees, according to a News Tribune report.
Compensation Issues
A PayScale report shows wages for full-time employees in the healthcare and social assistance industry were relatively stable in the second quarter of 2011, according to a PayScale news release.
In 2011, integrated health system CEOs and independent hospital CEOs saw an increase in total cash compensation — base salary plus annual incentives — of 3.1 percent and 6 percent, respectively, from the previous year, according to a Hay Group…
More and more physicians are aligning with hospitals due to decreasing reimbursement, increase costs of managing a physician practice, limited access to capital, increasing regulatory challenges and shifts in lifestyle. A study by Accenture projects independent physicians will account for…
Here are statistics on annual hospital and healthcare executive compensation, based on reports from Hay Group, Integrated Healthcare Strategies and the Internal Revenue Service.
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A Massachusetts Superior Court has ruled that Cambridge (Mass.) Health Alliance cannot cut retiree health benefits for 289 nurses, according to a Boston Globe report.
Compensation for executives at Jackson, Mich.-based Allegiance Health has decreased or remained the same for three consecutive years, according to a Jackson Citizen Patriot report.
Payment rates for on-call coverage increased 4 percent in 2010 compared to 2009, according to the 2010-2011 Physician Contract Benchmarks Reports by MD Ranger.
Although Daytona Beach, Fla.-based Halifax Health CEO Jeff Feasel received a 9.5 percent raise in June, he is still paid less than his counterparts, according to a Daytona Beach News-Journal report.
The median salary for CFOs in a healthcare company with sales between $100 million-$499 million is greater than $200,000, according to a survey by Michal Matějka of the W.P. Carey School of Business.