By Dina Overland The chief executive officers of health insurers are leading their companies through the rough transition into the post-reform market. Some are taking cautious approaches to health...
The chief executive officers of Boston's largest not-for-profit teaching hospitals all received seven-figure compensation packages during 2011, the Boston Globe reported.
If money talks in the world of executive compensation, then nonprofit hospitals aren't putting their money where their mouth is when it comes to rewarding healthcare transformation over volume, according to a new report by Kaiser Health News and ABC News.
Executive compensation is once again making its way in the spotlight with reports that Hospital Corporation of America CEO Richard Bracken received $48 million in pay and stock gains last year.
The American Hospital Association has responded to a Time magazine article on healthcare costs, saying it contains "inaccurate or misleading statements," and pointing out that "even not-for-profit hospitals... must have revenues that exceed expenses."
Scrutiny of fat hospital paychecks heads to New York, where hospital CEOs receive up to $750,000 in North Country and salaries for administrators and employed doctors can exceed $100,000.
Lawmakers are extending their scrutiny of hospital pay packages beyond executive salaries to pension plans.
The board of California's El Camino Hospital has filed a lawsuit in opposition of Measure M, which will cap hospital executive pay at twice that of the governor's salary.
Executives and managers saw their base salaries increase by an average of 2.8 percent at health systems and 2.5 percent at hospitals in 2012.
As they fulfill their charitable mission, nonprofit hospitals and health systems continue to dole out seven-figure compensation packages to their chief executives.