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While hospitals cite their recent revenue drops and plead for money from lawmakers, they often are sitting on healthy reserve accounts that they built up in the boom years.
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Medicare is penalizing five Oregon hospitals this year for having above-average rates of infections and other hospital-acquired complications.
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Non-profit hospitals across the state have a mission to serve their community, but an analysis by The Lund Report revealed that many of their CEOs are doing quite well for themselves, too. Across the spectrum of Tuality, Salem , Kaiser Permanente and Asante networks, hospital CEOs were well rewarded for their work.
Dr. Ashish Jha, professor of health policy and management at the Harvard School of Public Health, recently completed a study of executive compensation at every nonprofit hospital in the country. He found that typical CEOs earn between $400,000 and $500,000 –more at large institutions, or if they oversee more than one hospital, and less if they work in rural areas. Jha’s research looked at total reported compensation, a figure that includes actual pay as well as benefits like retirement plans and other benefits that executives don’t bring home.
April 19, 2013 -- Executives at Oregon’s largest hospitals and hospital networks saw their compensation climb in 2011 at double the rate of most American workers.
January 2, 2013 -- Ashland Community Hospital and Asante – a southern Oregon-based healthcare company that owns hospitals in Medford and Grants Pass – are hammering out the details of a proposed merger, and expect to continue those talks into early next year, according to Roy Vinyard, Asante's president and CEO.
