Impeding changes to our Health Care system

classicman · 07-03-2011, 09:22 AM

Quote:

Originally Posted by TheMercenary

...you hardly ever hear about the big CEO salaries.

WHAT???????????????????????

TheMercenary · 07-03-2011, 09:31 AM

Quote:

Originally Posted by classicman

WHAT???????????????????????

I specifically about the hospitals, in this broad dicussion I rarely hear it brought up.

piercehawkeye45 · 07-03-2011, 08:11 PM

Quote:

Originally Posted by TheMercenary

I specifically about the hospitals, in this broad dicussion I rarely hear it brought up.

I don't think hospital CEO's actually make that much. There are some that barely make the 250k bracket.

SamIam · 07-03-2011, 09:31 PM

Well, I did a quick and dirty Google search and here are 3 random results for Hospital CEO compensation:

In Atlanta:

...But the six- to seven-digit compensation packages for the chief executives who lead metro Atlanta’s taxpayer-subsidized hospitals remain untouched and in most cases are growing.
Five of these CEOs made more than $1 million in the fiscal year ending in 2009, the last tax records available.

In Baltimore:

Baltimore-area hospital CEOs and presidents boast seven-figure salaries, club and gym memberships, and paid financial planning and tax services as part of compensation packages from their nonprofit employers.

Nearly a dozen hospitals cover country club dues for top executives. Carroll Hospital, in reporting the compensation to the IRS, disclosed that it requires its chief executive officer to be a member of the exclusive local clubs "to facilitate hospital interaction with the community" and because of the "potential for donors."

At the Greater Baltimore Medical Center, top executives were given thousands of dollars to spend on health equipment, tuition and other personal expenditures.

And in California (Oxnard)

T. Michael Murray reaped $330,545 in 2008 as chief executive officer of St. John’s hospitals in Oxnard and Camarillo. He drew an additional $187,071 in bonuses with $73,113 more in benefits and other compensation.

His total package, according to IRS records, reached $590,729.
And he may have been underpaid, according to a statewide survey of 118 nonprofit hospitals. The report by the Payers & Providers healthcare business publication suggests the base salary for CEOs averaged $514,237.

Kick in bonuses, retirement money, reimbursement for education costs, expense accounts and the average total compensation hit $732,004.

07-03-2011, 09:31 PM	#4
SamIam Registered User Join Date: Jun 2007 Location: Not here Posts: 2,655	Well, I did a quick and dirty Google search and here are 3 random results for Hospital CEO compensation: In Atlanta: ...But the six- to seven-digit compensation packages for the chief executives who lead metro Atlanta’s taxpayer-subsidized hospitals remain untouched and in most cases are growing. Five of these CEOs made more than $1 million in the fiscal year ending in 2009, the last tax records available. In Baltimore: Baltimore-area hospital CEOs and presidents boast seven-figure salaries, club and gym memberships, and paid financial planning and tax services as part of compensation packages from their nonprofit employers. Nearly a dozen hospitals cover country club dues for top executives. Carroll Hospital, in reporting the compensation to the IRS, disclosed that it requires its chief executive officer to be a member of the exclusive local clubs "to facilitate hospital interaction with the community" and because of the "potential for donors." At the Greater Baltimore Medical Center, top executives were given thousands of dollars to spend on health equipment, tuition and other personal expenditures. And in California (Oxnard) T. Michael Murray reaped $330,545 in 2008 as chief executive officer of St. John’s hospitals in Oxnard and Camarillo. He drew an additional $187,071 in bonuses with $73,113 more in benefits and other compensation. His total package, according to IRS records, reached $590,729. And he may have been underpaid, according to a statewide survey of 118 nonprofit hospitals. The report by the Payers & Providers healthcare business publication suggests the base salary for CEOs averaged $514,237. Kick in bonuses, retirement money, reimbursement for education costs, expense accounts and the average total compensation hit $732,004.

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