Here are 12 hospital and health system executive compensation stories from the past month, beginning with stories that broke most recently.
1. The average 2011 salary increase (weighted mean) for the eight top executives at children's hospitals was 3.8 percent.
2. Executive compensation in the healthcare sector increased 7.8 percent in 2011 — more than any other sector tracked in The Wall Street Journal / Hay Group 2011 CEO Compensation Study.
3. Members from the Service Employees International Union — United Healthcare Workers East protested outside of Naples, Fla.-based Health Management Associates' annual shareholders meeting May 22, arguing the for-profit hospital operator's executive compensation and profit structure overshadowed patient care.
4. In the 2011 fiscal year, John McConnell, MD, CEO of Winston-Salem, N.C.-based Wake Forest Baptist Medical Center, received a 49 percent increase in total compensation from FY 2010.
5. Twenty-two executives and physicians at the University of Pittsburgh Medical Center made more than $1 million in 2010, and UPMC President and CEO Jeffrey Romoff topped the list with $5.97 million in total compensation.
6. Christopher Olivia, MD, former president and CEO of Pittsburgh-based West Penn Allegheny Health System, received $7.4 million in total compensation, benefits and severance in 2010 — his last year as the chief of the financially beleaguered health system.
7. Eighteen executives across Connecticut's 30 hospitals received more than $1 million in total compensation in 2010, and seven of those 18 have since retired or are currently retiring from their roles.
8. Here are 11 hospital and health system executive compensation trends experts have seen in the current market.
9. Although many executives at the eight largest for-profit hospital companies experienced increases in total compensation in 2011 compared with 2010, base salaries did not fluctuate much. Out of the eight major hospital companies, only two reported base salary increases for top executives — Hospital Corporation of America and Vanguard Health Systems, both based in Nashville, Tenn. Six total executives across the two companies are making more in base salaries this year than in 2011.
10. California's Assembly Committee on Local Government approved a bill that would prohibit taxpayer-funded healthcare districts from giving lavish pay packages and perquisites to their top executives.
11. Compensation for the top executives at Franklin, Tenn.-based Capella Healthcare increased year-over-year between 2010 and 2011, as CEO Dan Slipkovich earned the most at $536,482.
12. The following 48 statistics detail the base salary, incentive/bonus/stock award compensation and total compensation of CEOs and CFOs of the largest for-profit hospital companies in the United States. All figures were paid to the executives in 2011 and were based on the hospital company's 2010 results. All statistics come directly from each hospital company's most recent definitive proxy statements filed with the U.S. Securities and Exchange Commission (SEC Form DEF 14A).
1. The average 2011 salary increase (weighted mean) for the eight top executives at children's hospitals was 3.8 percent.
2. Executive compensation in the healthcare sector increased 7.8 percent in 2011 — more than any other sector tracked in The Wall Street Journal / Hay Group 2011 CEO Compensation Study.
3. Members from the Service Employees International Union — United Healthcare Workers East protested outside of Naples, Fla.-based Health Management Associates' annual shareholders meeting May 22, arguing the for-profit hospital operator's executive compensation and profit structure overshadowed patient care.
4. In the 2011 fiscal year, John McConnell, MD, CEO of Winston-Salem, N.C.-based Wake Forest Baptist Medical Center, received a 49 percent increase in total compensation from FY 2010.
5. Twenty-two executives and physicians at the University of Pittsburgh Medical Center made more than $1 million in 2010, and UPMC President and CEO Jeffrey Romoff topped the list with $5.97 million in total compensation.
6. Christopher Olivia, MD, former president and CEO of Pittsburgh-based West Penn Allegheny Health System, received $7.4 million in total compensation, benefits and severance in 2010 — his last year as the chief of the financially beleaguered health system.
7. Eighteen executives across Connecticut's 30 hospitals received more than $1 million in total compensation in 2010, and seven of those 18 have since retired or are currently retiring from their roles.
8. Here are 11 hospital and health system executive compensation trends experts have seen in the current market.
9. Although many executives at the eight largest for-profit hospital companies experienced increases in total compensation in 2011 compared with 2010, base salaries did not fluctuate much. Out of the eight major hospital companies, only two reported base salary increases for top executives — Hospital Corporation of America and Vanguard Health Systems, both based in Nashville, Tenn. Six total executives across the two companies are making more in base salaries this year than in 2011.
10. California's Assembly Committee on Local Government approved a bill that would prohibit taxpayer-funded healthcare districts from giving lavish pay packages and perquisites to their top executives.
11. Compensation for the top executives at Franklin, Tenn.-based Capella Healthcare increased year-over-year between 2010 and 2011, as CEO Dan Slipkovich earned the most at $536,482.
12. The following 48 statistics detail the base salary, incentive/bonus/stock award compensation and total compensation of CEOs and CFOs of the largest for-profit hospital companies in the United States. All figures were paid to the executives in 2011 and were based on the hospital company's 2010 results. All statistics come directly from each hospital company's most recent definitive proxy statements filed with the U.S. Securities and Exchange Commission (SEC Form DEF 14A).
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