The Form 990 has become a routine part of every hospital's tax filing, but some compensation information on the forms occasionally slips through the cracks, according to a report from the American Hospital Association (pdf) and American College of Health Executives.
Hospitals must be sure to report and describe whether they provided any of the following compensation items for the organization's top executives:
• First-class or charter travel.
• Travel for companions.
• Housing allowance or residence for personal use.
• Payments for business use of personal residence.
• Tax indemnification and gross-up payments.
• Health or social club dues or initiation fees.
• Discretionary spending accounts.
• The provision of personal services (e.g., maid, chauffeur, chef).
• Severance or change-in-control payments.
• Supplemental nonqualified retirement plans and equity-based compensation arrangements.
• Compensation contingent on revenues, net earnings or other nonfixed payments of the organization or any related organization.
Hospitals must be sure to report and describe whether they provided any of the following compensation items for the organization's top executives:
• First-class or charter travel.
• Travel for companions.
• Housing allowance or residence for personal use.
• Payments for business use of personal residence.
• Tax indemnification and gross-up payments.
• Health or social club dues or initiation fees.
• Discretionary spending accounts.
• The provision of personal services (e.g., maid, chauffeur, chef).
• Severance or change-in-control payments.
• Supplemental nonqualified retirement plans and equity-based compensation arrangements.
• Compensation contingent on revenues, net earnings or other nonfixed payments of the organization or any related organization.
More Articles on Hospital Executive Compensation:
CHS Adjusts 2012 Incentive Plans for Wayne Smith, Larry Cash
4 Trends on Hospital CIO and CMIO Compensation
10 Latest Hospital Executive, Physician Compensation Stories