James Otto of the Hay Group discusses four trends affecting for-profit hospital executive compensation, including incentive plans, the decreased use of stock options and scaled back severance provisions.
Compensation Issues
Bob Montion, former CEO of Tulare (Calif.) Regional Medical Center, has accused Tulare County of overpaying a physician group that operates the county's pediatric clinic, according to a Visalia Times-Delta report.
A long-standing practice of West Park Hospital board members attending high-priced conferences has stirred debate in the Cody, Wyo., community amid a seven-way race for hospital trustee seats, according to a Billings Gazette report.
Leaders of the Prostate Cancer Foundation, the Dana-Farber Cancer Institute and the Oklahoma Medical Research Foundation were three of the highest-paid charity CEOs in the country, according to a Newsweek report.
The National Committee on Quality Assurance has released its annual State of Health Care Quality report, which found this year that spending more money on healthcare does not automatically lead to better health, according to an American Medical News report.
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Physician compensation can vary widely by specialty, hospital ownership, geographic location and many other factors. Here are five factors currently affecting physician compensation, according to various reports.
Primary care physicians earn around half as much as specialist physicians, according to a study by researchers from the University of California Davis School of Medicine sent to Reuters Health.
Physician compensation and revenue differed based on whether physicians worked for hospital/integrated delivery system-owned practices or not-hospital-owned groups, according to a recent MGMA report.
Following a report that claimed Salem Hospital president Norman Gruber received $1.2 million in annual compensation in 2008, the hospital explained that Mr. Gruber's unusually high compensation was due to a supplemental five-year retirement plan reported as earnings in 2008,…
Reimbursement in the future will rely more heavily on quality measures than it does now, which means hospital administrators will have to rethink efficiencies and methodology for improving patient outcomes. This requires a culture change within the hospital, often including…