Do you know how much $$$ your Hospital CEO makes in one year? - page 3

by lkulmann 5,016 Views | 29 Comments

Google it...I did...... Read More


  1. 2
    @Sherm~ you are off a bit...let's back up a bit...I am all for making money and being successful. Knock yourself out. Its all good. The issue is States are making budget cuts in healthcare anticipating the ACA in 2014. The CEO's make millions. They get paid to manage huge assets and responsibilities. I would think that these CEO's would make cuts to the staff that are overpaid and not indisposable, double negative intended. Instead we have a CEO that openly states that patient safety will be jeopardized if cuts to healthcare budgets are made. For 1+million, I would think we could get a little more creative in money management...isn't that WHY they make so much $$$$$???? I mean don't taxpayers pay that salary?
    DizzyLizzyNurse and tewdles like this.
  2. 0
    Quote from MN-Nurse
    It isn't a primary concern or goal of my union and there is no evidence of them spending any resources on the effort. The redistribution of wealth - upward - is what is actually happening and should be a concern to the country.
    The unions, even if they could, would not change this, as it is yet another issue upon which to base division among people. Government does it, unions do it, and those who follow either or both seem content with it... human nature to some extent.

    Like any business, hospitals that pay their administrators too much will likely fail at some point (breaking point); unfortunately, this will happen, but then there will need to be a re-evaluation from within (if possible).
  3. 1
    These are paltry sums. The CEO of our group has a salary of $4million, and last year took home a bonus of over $10million. This is a physician who never completed a residency, lol. Nice work if you can get it! He does his job well. We are a very profitable company. I got all the new equipment I requisitioned, a large salary increase, very generous bonuses, and a new fancy desk chair, so I cannot complain.

    I think there are people in our group who could complain, and justifiably so. The MAs and front desk staff are not paid all that impressively. I suspect the physical plant people are not paid handsomely either. We did restructure their health insurance to cut them a huge break, but cash on the table? um no, not really.
    kalevra likes this.
  4. 0
    Quote from BlueDevil,DNP
    These are paltry sums. The CEO of our group has a salary of $4million, and last year took home a bonus of over $10million. This is a physician who never completed a residency, lol. Nice work if you can get it! He does his job well. We are a very profitable company. I got all the new equipment I requisitioned, a large salary increase, very generous bonuses, and a new fancy desk chair, so I cannot complain.

    I think there are people in our group who could complain, and justifiably so. The MAs and front desk staff are not paid all that impressively. I suspect the physical plant people are not paid handsomely either. We did restructure their health insurance to cut them a huge break, but cash on the table? um no, not really.
    What is 'physical plant people' and what country are you from? Typically, nurses or healthcare workers are not referred to that term in the US...
  5. 0
    Quote from lkulmann
    What is 'physical plant people' and what country are you from? Typically, nurses or healthcare workers are not referred to that term in the US...
    In the U.S., "physical plant people" are the people who take care of a building, such as a office building or hospital.

    What country are you from?
  6. 0
    Quote from lkulmann
    @Sherm~ you are off a bit...let's back up a bit...I am all for making money and being successful. Knock yourself out. Its all good. The issue is States are making budget cuts in healthcare anticipating the ACA in 2014. The CEO's make millions. They get paid to manage huge assets and responsibilities. I would think that these CEO's would make cuts to the staff that are overpaid and not indisposable, double negative intended. Instead we have a CEO that openly states that patient safety will be jeopardized if cuts to healthcare budgets are made. For 1+million, I would think we could get a little more creative in money management...isn't that WHY they make so much $$$$$???? I mean don't taxpayers pay that salary?
    I see your point, it makes sense that for the amount they are paid they could get a bit more creative with the money management.
  7. 1
    Quote from MN-Nurse
    Interesting. Disdain for the people who work for you and reverence for a single overpaid person at the top. Remember when North Memorial Hospital's CEO was caught in a prostitution sting on his wife's birthday? Did you enjoy how he trickled on you?

    North Memorial CEO arrested in prostitution bust | StarTribune.com

    Even after that episode, they simply found another overpaid lump to slide right into his position at a same or higher salary.

    Executive pay has gone insane in the last few decades and the skyrocketing benefits of CEOs (whose compensation is determined in boards made up of other CEOs) has NOT led to better conditions for rank and file workers.
    Is the point of your comment to show that you found a CEO who broke the law? There are nurses who break the law, as well as union officials, people from all parts of society break the law so I don't see how your comment about the CEO matters. Your comment about trickling on me is just rude, you expect to be taken seriously when that is all you have to offer? Those who indicated they like your comment are just as bad and you are poor representations of the nursing profession.
    SC_RNDude likes this.
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    Hmmm...that was a pretty broad generalization about AN members who may like a post, a sour one at that.
  9. 2
    There are 2 obsenities associated with this=
    1) CEO and administrative salaries have risen 725% over the past 2 decades. I know my salary hasn't performed as well.
    2) Administrative costs are now around 24% of healthcare expenditures, up from 12% 3 decades ago.

    Don't worry though, we can simply cut services.
    Mandated ratios are the ONLY thing these people will understand, and California has led the way on this.
    A new book just out, "just a union...of nurses" goes into this in some detail as it traces the history of the CNA and how they managed to get a nurse pateint ratio law and whistleblower protection law passed.
    Fascinating read that shows we are not powerless to protect our patients and our domain of practice, in spite of our current "leadership".
    kalevra and tewdles like this.
  10. 0
    the CEO of my hospital is an RN. Although they havent done bedside stuff in decades. Perhapse thats the way to go.


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