Monday, July 26, 2010

Hospital execs' pay: How much is too much?

Posted By on Mon, Jul 26, 2010 at 4:33 PM

A recent survey in California of nonprofit hospital executives' pay found it averaged $514,000 a year, but when perks such as bonuses are added, it zooms to $732,000.

McEvoy: Paid too much or too little?
  • McEvoy: Paid too much or too little?

Here's more about that.

City-owned Memorial Health System pays CEO Dr. Larry McEvoy $550,000, at last report. He also gets the use of a hospital-owned car.

The upshot of the survey is this, as reported on the fiercehealthcare.com website: "You're looking at close to $390 million that could be used on uncompensated patient care," Ron Shinkman, who authored the survey on CEO salaries, told the Ventura County (Calif.) Star. "It's a lot of money."

We asked but didn't hear back from Penrose-St. Francis Health Services about how much the CEO there is paid.

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