Of surveyed hospital executives, 11.4 percent reported that neither their salary nor bonus is tied to accepted benchmarks or stated goals for quality of care and/or patient safety, according to a report by the U.S. News & World Report.
Compensation Issues
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.
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…
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Here are statistics on annual hospital and healthcare executive compensation, based on reports from Hay Group, Integrated Healthcare Strategies and the Internal Revenue Service.
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.