Blue Shield of California, which is a nonprofit insurer, boosted pay to its executive employees by $24 million in 2012--an increase of 64 percent from the previous year, according to a confidential state audit reviewed the Los Angeles Times.
The healthcare industry is moving away from extravagant executive perks in favor of long-term or graduated compensation benefits, accordi ng to Becker's Hospital Review.
Hospitals saw an increase in paid nonprofit hospital board members over the past five years, a trend experts say will continue, according to a Becker's Hospital Review article.
The skyrocketing compensation packages for healthcare CEOs garnered a lot of media attention in the last few weeks. A recent New York Times analysis found that salaries of hospital executives...
An activist nurses union is pushing for legislation in Massachusetts that would create greater transparency regarding hospital prices, executive compensation and investment of assets.
Cigna CEO David Cordani received a drastic increase in total compensation over the course of one year. His pay last year rose 4.5 times the amount he earned in 2012, the Hartford Courant reported.
Six top executives at Blue Cross Blue Shield of North Carolina earned at least $1 million last year, with its CEO taking home the biggest payout. In a filing with the Department of Insurance, BCBSNC disclosed that executive compensation for its top 10 execs increased by almost 11 percent last year.
The U.S. Department of Health and Human Services' watchdog arm intends to study whether caps on the compensation of hospital executives could have an impact on future costs to the Medicare program.
A Dallas hospital wants to restore incentive pay for almost 60 executives by adding about $5.4 million in potential pay next year, the Dallas Morning News reported
In the wake of sweeping healthcare reform and shifting priorities throughout the industry, nonprofit hospitals can expect to see new trends in 2014, according to the Nonprofit Quarterly.