Al Candrilli, a partner at Organizational Consulting Group in Avon, Ohio, makes three points on the revamped Internal Revenue Service Form 990, which is used to report executive compensation at not-for-profit hospitals.
Compensation Issues
Hospitals are no longer regularly giving raises for everyone in top management. Ron Seifert, executive compensation practice leader for the Hay Group in Philadelphia, says hospitals are being very conservative about raises.
While many hospitals have temporarily frozen executive salaries, a few have gone a step further and actually cut them.When a hospital has to lay off workers, an executive pay cut sends employees a message more eloquently than words that the…
As more hospitals are being sold, top hospital executives need to make sure they have "change of control" agreements in place, says Paul Creasy, a partner in Organizational Consulting Group in Avon, Ohio. The agreement, also known as a "golden…
While there have been some high-profile pay freezes for hospital employees, this approach tends to be limited to senior executives and is often a way for executives to share the pain of mass layoffs.
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Primary care physicians earned the lowest salary of all physicians in consulting firm Merritt Hawkins & Associates' 2010 Review of Physician Recruiting Incentives, according to a report by Forbes.
A study by the Hay Group revealed turnover of hospital executives in healthcare institutions has decreased dramatically, despite salary growth continuing to slow, according to a Hay Group news release.
Editor's note: This article by Tony Mira, president and CEO of Anesthesia Business Consultants, an anesthesia & pain management billing and practice management services company, originally appeared in Anesthesia Business Consultants eAlerts, a free electronic newsletter. Sign-up to receive this…
The use of hospitalists to oversee the continuum of patient care has expanded almost exponentially in recent years. While many hospitals have selected hospitalist companies to outsource these programs, many hospitals, especially larger ones, are choosing to manage these services…
Cardiology practices are facing increased pressure on revenues due largely to significant cuts in the Medicare fee schedule for these services. Such cuts threaten the profitability of practices, making benchmarking and performance monitoring even more critical for cardiology practices today…