Former employees of now-closed St. Vincent's Hospital in Manhattan have filed a lawsuit saying hospital executives bankrupted the hospital through financial mismanagement, including executive salaries of more than $1 million each, extravagant executive outings and $17 million for management consultants, according to a Wall Street Journal report.
The hospital staff who filed the lawsuit charged that executive salaries were not in line with the hospital's financial problems.
The 160-year-old hospital closed in April with a debt topping $1 billion.
Read the Wall Street Journal report on St. Vincent's Hospital (note: this report is no longer available on the WSJ's website).
Read more about medical legal issues:
-Las Vegas Internal Medicine Practice to Pay $300K to Settle Fraud Allegations
-RACs to Begin Medical Necessity Review Audits
The hospital staff who filed the lawsuit charged that executive salaries were not in line with the hospital's financial problems.
The 160-year-old hospital closed in April with a debt topping $1 billion.
Read the Wall Street Journal report on St. Vincent's Hospital (note: this report is no longer available on the WSJ's website).
Read more about medical legal issues:
-Las Vegas Internal Medicine Practice to Pay $300K to Settle Fraud Allegations
-RACs to Begin Medical Necessity Review Audits