Hospitals are focusing their hard and few-earned dollars exactly where it counts, spending big bucks on the physician executives.
Tag: salary
Hospital CEO Gets a Raise. You? We’re Not So Sure. – Medical Group Minute
A study found little correlation between nonprofit hospitals’ CEO pay, which averaged almost $600,000 per year, and performance.
Don’t Incentivize for What You Shouldn’t Get – Medical Group Minute
What if those incentives are driving them to do things that are clearly detrimental to your business?
Huge Hospital Merger: Who’s it Good for? – Success in Motion Series
Ride along with Mark while he shares his thoughts on why huge hospital mergers, like the one just announced by Baylor Scott & White and the Memorial Hermann Health System, aren’t good for anyone other than the executives who run them.
Thank God, You’re About to Be Treated by the Chief Transformation Officer!
You can’t believe your luck! You’re in the back of an ambulance, its siren streaming as it pulls into the emergency entrance of Big Medical Center of Somewhere, America. You’re quickly rolled inside, in tremendous pain but still conscious. Up walks a physician in impeccable C-suite attire with a stethoscope draped over his neck. God…
If You’re Not Where You Thought You’d Be in Your Career, Watch This – Success in Motion
Ride along with Mark as he counsels you on telling yourself the truth about your current practice situation and finances, and suggests ways to break out of being a sacrificial animal for someone else’s benefit.
How to Avoid a $50 Million Lawsuit: Police the Application of Your Medical Group’s Policies – Success in Motion
Ride along with Mark as he counsels you on telling yourself the truth about your current practice situation and finances, and suggests ways to break out of being a sacrificial animal for someone else’s benefit.
CHS Loses $2 Billion. CEO Gets Raise.
CHS lost approximately $2 billion dollars in 2017 on revenues of $3.1 billion.
What’s the Downside Risk for Hospital Executives?
A physician makes a mistake, commits negligence, and what’s the result? It can be horrific. Malpractice suit. Medical staff discipline. Medical board discipline leading even to loss of licensure. Reputation destroyed. Now ask yourself what happens if a hospital executive, say the CEO of a publicly held hospital chain, commits the equivalent type of error,…
What’s a Medical Group Compensation Plan For?
Okay, okay. The chances are great that your first reaction after reading the title was to think, “It’s so I’ll get paid.” Now that we’re past that, let’s look a bit deeper. From the medical group perspective, a compensation plan is a part, in fact the largest part, of the practice’s system for driving behavior…