Lee Michelson, CEO of Sequoia Healthcare District, will now see a bigger paycheck, as the district's board of directors approved a 14 percent raise, according to a Palo Alto Daily News report.
Mr. Michelson's compensation will go from $159,000 to $182,000, according to the report. The board members, who voted to approve the raise 4-1, said they authorized the raise because Mr. Michelson was underpaid compared with other healthcare district CEOs.
Sequoia Healthcare District is based in Redwood City, Calif., but it does not actually contain a hospital. It used to encompass Sequoia Hospital. San Francisco-based Dignity Health acquired the hospital in 1996, and the district's taxpayer funds currently go toward community health programs. Mr. Michelson oversees a total of four other employees.
Mr. Michelson's compensation will go from $159,000 to $182,000, according to the report. The board members, who voted to approve the raise 4-1, said they authorized the raise because Mr. Michelson was underpaid compared with other healthcare district CEOs.
Sequoia Healthcare District is based in Redwood City, Calif., but it does not actually contain a hospital. It used to encompass Sequoia Hospital. San Francisco-based Dignity Health acquired the hospital in 1996, and the district's taxpayer funds currently go toward community health programs. Mr. Michelson oversees a total of four other employees.
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