Here are the latest hospital and physician compensation stories from the past month, starting with the most recent.
1. Radiologists Face Shrinking Pay, Jobs
Once considered a lucrative, low-stress specialty, radiologists' compensation is shrinking among the most rapidly of all specialties, causing many trainees to consider hunting for a new track.
2. Tenet CEO Trevor Fetter's Compensation Rises 5% to $11.2M
Trevor Fetter, president and CEO of Dallas-based Tenet Healthcare, continued to make eight figures, as his total compensation in fiscal year 2012 exceeded $11.24 million.
3. Universal Health Services Releases Details on Exec Bonuses for 2013
The compensation committee of for-profit Universal Health Services, based in King of Prussia, Pa., approved bonus criteria for this year's compensation plans for the company's five primary executives.
4. 3 Mayo Clinic Executives Earned More Than $1M in 2011
In fiscal year 2011, three executives at Rochester, Minn.-based Mayo Clinic earned more than $1 million, with President and CEO John Noseworthy, MD, making the most at $2 million.
5. Highmark Pays More Than $6M for 3 CEOs in 2012
During fiscal year 2012, Pittsburgh-based health insurer Highmark doled out more than $6 million to pay three different CEOs.
6. Primary Care Physicians Still Waiting on 73% Medicaid Payment Increase
CMS announced the 73 percent pay raise for primary care physicians who treat Medicaid patients under the Patient Protection and Affordable Care Act will be delayed.
7. HCA CEO Richard Bracken Earned $46.3M in 2012
In fiscal year 2012, Richard Bracken, chairman and CEO of Nashville, Tenn.-based Hospital Corporation of America, recorded total compensation exceeding $46.3 million — one of the highest, single-year amounts ever doled out to a for-profit hospital executive.
8. 9 Statistics on Executive Compensation at Cleveland Clinic
Cleveland Clinic formed a major strategic alliance with Franklin, Tenn.-based Community Health Systems. The top executives of the non-profit Cleveland Clinic have made several bold, strategic decisions over the years, and as a result, many have seven-figure salaries.
9. El Camino Hospital Executive Pay Cap May Die Before Hitting Courts
A measure that would cap executive compensation at El Camino Hospital in Mountain View, Calif., may fall before it hits the courtroom, as the primary defendant has been unable to find pro bono legal services.
10. New York Physician Union Criticizes Proposal Pay Model
A union representing 2,000 public-based physicians called out the New York City Health and Hospitals Corporation for its pay-for-performance agreement, arguing physicians had no seat at the table to discuss the matter.
11. Jackson Health CEO Carlos Migoya Donates $160k Bonus
Keeping good on a one-year-old promise, Jackson Health System Carlos Migoya donated his $160,000 bonus to the Jackson Memorial Foundation due to the system's improved financial standing.
12. CHS Approves $4.2M in Incentives for CEO Wayne Smith
The board of directors of Franklin, Tenn.-based Community Health Systems approved several incentive payouts for the hospital company's top executives, including $4.2 million in cash incentives for Chairman, President and CEO Wayne Smith.
13. Switzerland Approves Shareholder Authority for Executive Pay
Swiss lawmakers approved a measure that will give shareholders binding control over executive compensation.
14. Healthcare CIOs Average $208k Salary in 2012
In 2012, CIOs of hospitals, health systems and other provider organizations earned an average base salary of $208,417, which was a slight increase from 2011, according to a survey from the College of Healthcare Information Management Executives (pdf).
Panel: Physician Compensation in a Value-Based World
58 Crucial Competencies for Hospital Board Committees
1. Radiologists Face Shrinking Pay, Jobs
Once considered a lucrative, low-stress specialty, radiologists' compensation is shrinking among the most rapidly of all specialties, causing many trainees to consider hunting for a new track.
2. Tenet CEO Trevor Fetter's Compensation Rises 5% to $11.2M
Trevor Fetter, president and CEO of Dallas-based Tenet Healthcare, continued to make eight figures, as his total compensation in fiscal year 2012 exceeded $11.24 million.
3. Universal Health Services Releases Details on Exec Bonuses for 2013
The compensation committee of for-profit Universal Health Services, based in King of Prussia, Pa., approved bonus criteria for this year's compensation plans for the company's five primary executives.
4. 3 Mayo Clinic Executives Earned More Than $1M in 2011
In fiscal year 2011, three executives at Rochester, Minn.-based Mayo Clinic earned more than $1 million, with President and CEO John Noseworthy, MD, making the most at $2 million.
5. Highmark Pays More Than $6M for 3 CEOs in 2012
During fiscal year 2012, Pittsburgh-based health insurer Highmark doled out more than $6 million to pay three different CEOs.
6. Primary Care Physicians Still Waiting on 73% Medicaid Payment Increase
CMS announced the 73 percent pay raise for primary care physicians who treat Medicaid patients under the Patient Protection and Affordable Care Act will be delayed.
7. HCA CEO Richard Bracken Earned $46.3M in 2012
In fiscal year 2012, Richard Bracken, chairman and CEO of Nashville, Tenn.-based Hospital Corporation of America, recorded total compensation exceeding $46.3 million — one of the highest, single-year amounts ever doled out to a for-profit hospital executive.
8. 9 Statistics on Executive Compensation at Cleveland Clinic
Cleveland Clinic formed a major strategic alliance with Franklin, Tenn.-based Community Health Systems. The top executives of the non-profit Cleveland Clinic have made several bold, strategic decisions over the years, and as a result, many have seven-figure salaries.
9. El Camino Hospital Executive Pay Cap May Die Before Hitting Courts
A measure that would cap executive compensation at El Camino Hospital in Mountain View, Calif., may fall before it hits the courtroom, as the primary defendant has been unable to find pro bono legal services.
10. New York Physician Union Criticizes Proposal Pay Model
A union representing 2,000 public-based physicians called out the New York City Health and Hospitals Corporation for its pay-for-performance agreement, arguing physicians had no seat at the table to discuss the matter.
11. Jackson Health CEO Carlos Migoya Donates $160k Bonus
Keeping good on a one-year-old promise, Jackson Health System Carlos Migoya donated his $160,000 bonus to the Jackson Memorial Foundation due to the system's improved financial standing.
12. CHS Approves $4.2M in Incentives for CEO Wayne Smith
The board of directors of Franklin, Tenn.-based Community Health Systems approved several incentive payouts for the hospital company's top executives, including $4.2 million in cash incentives for Chairman, President and CEO Wayne Smith.
13. Switzerland Approves Shareholder Authority for Executive Pay
Swiss lawmakers approved a measure that will give shareholders binding control over executive compensation.
14. Healthcare CIOs Average $208k Salary in 2012
In 2012, CIOs of hospitals, health systems and other provider organizations earned an average base salary of $208,417, which was a slight increase from 2011, according to a survey from the College of Healthcare Information Management Executives (pdf).
More Articles on Hospital and Physician Compensation:
Healthcare Reform: Reshaping Physician Relationships for GoodPanel: Physician Compensation in a Value-Based World
58 Crucial Competencies for Hospital Board Committees