Kevin Tabb, MD, agreed to a 50 percent pay cut for the next three months. According to data cited by The Globe, Dr. Tabb earned $1.8 million in 2017 including bonuses and other compensation. 2017 is the most recent year for which data is available.
In addition, all leaders at Beth Israel Lahey Health, the presidents of its 12 hospitals and the head of its affiliate Harvard Medical Faculty Physicians will take a 20 percent salary cut.
The cuts come as Beth Israel, like hospitals nationwide, face financial hurdles related to suspending or canceling elective procedures to make room for a surge in COVID-19 patients.
More articles on leadership and management:
Oregon health district board fires hospital CEO
Minnesota hospital lays off 7 employees, cuts hours for others
M Health Fairview nurses vote ‘no confidence’ in hospital COVID-19 response
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.