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Compensation Issues

Tenet Healthcare Corp. has announced its earnings for first quarter 2009, with a net income attributable to shareholders of $178 million, compared to a net loss of $31 million for first quarter 2008, according to a Tenet news release.

St. Joseph Regional Medical Center in South Bend, Ind., has announced that it will freeze employee pay and will cut executive pay by 8 percent, according to a report by the Chicago Tribune.

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Here are statistics on the 2008 cash compensation earned by oncologists, as compared by region, according to the Integrated Healthcare Strategies 2008 Healthcare Executive Compensation Survey and supplementary IHS statistics.

As hospitals, surgery centers and surgeons struggle with a Medicare payment system that reimburses at rates that are often barely high enough to break even on procedures, let alone make a profit, it is easy to overlook how reimbursement declines…

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