The $1.08 million included a settlement package of more than a year’s salary. According to public disclosure documents filed with Mass. Attorney General Martha Coakley, Mr. Laverty’s “golden parachute” could have included up to two full years of salary, as required by Northeast’s executive contracts.
Mr. Laverty experienced a series of controversies in 2008, beginning with the protested resignation of the physician and nurse practitioner at Gloucester High School health clinic after the hospital prohibited the distribution of contraceptives.
Interim CEO Henry Ramini was paid $432,000 for leading the hospital system through the rest of fiscal year 2009, according to the report.
Read the Salem News report on Stephen Laverty.
Read more on recent New York executive moves:
-New York’s White Plains Hospital Center Names Senior VP From North Shore Long Island Jewish Health System
-New York’s Canton-Potsdam Hospital Names CIO
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
