Despite the mounting backlash against increasing healthcare CEO pay, attributing it merely to greed is an oversimplification, according to Becker's Hospital Review.
The Service Employees International–United Healthcare Workers West labor union officially shelved two ballot initiatives it sponsored to limit what not-for-profit hospitals in California could charge patients and pay their executives, the Los Angeles Times 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.
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.
Board members at two California hospitals recently defended paying their top executives annual salaries of roughly $800,000 each.
The top 10 executives at Carolinas HealthCare System each received more than $1 million in 2012, an 8 percent jump from the previous year.
As they fulfill their charitable mission, nonprofit hospitals and health systems continue to dole out seven-figure compensation packages to their chief executives.
The healthcare industry saw the largest increases in executive pay out of all sectors, a 7.8 percent jump in 2011, according to a Wall Street Journal and Hay Group CEO compensation survey, released yesterday.
With a $199,000 annual cap for nonprofit executive pay scheduled to take effect April 15, hospitals in New York still have a long way to go to become compliant. In fact, 26 administrators at
People might not like to talk about what they earn, but compensation should be open for discussion, according to speakers at this week's annual congress of the American College of Healthcare