Above-average executive pay has drawn the attention of the media and the public, particularly in Boston, where consolidation is growing at a rapid pace.
For example, former chief executive Ralph de la Torre of Caritas Christi Health Care earned $2.2 million in 2009 as the highest paid hospital executive in Boston that year, reports The Boston Globe. Almost doubling the compensation from the previous year ($1.2 million in 2008), the 2009 package included base salary, performance-based bonus, and incentive compensation. De la Torre is now the chief executive of the growing Steward Health Care System, which now has eight community hospitals under its umbrella, according to the article.
In comparison, de la Torre earned the most, sometimes doubling the pay of other healthcare executives in the area.
|
Hospital/System |
CEO |
2009 Compensation |
2008 Compensation |
|
Caritas Christi Health Care |
Ralph de la Torre |
$2.2M |
$1.2M |
|
Children's Hospital Boston |
James Mandell |
$1.8M |
$1.9M |
|
Lahey Clinic Inc. |
David M. Barrett |
$1.3M |
$1.3M |
|
Dana-Farber Cancer Institute |
Edward J. Benz Jr. |
$1.1M |
$1.1M |
In related news, University of California Davis Medical Center last week approved raises for its top executives. CEO Ann Madden Rice received a raise of $259,000 for a total annual compensation of $960,000, reports The Sacramento Bee. In addition, Vice Chancellor Claire Pomeroy received a raise of $27,000, bringing her annual compensation to $664,275. Their salaries are paid from hospital fees and not state funds, according to the article.
For more information:
- read the Boston Globe article
- read the Sacramento Bee article
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