The Rich (Hospital Managers) Get Richer - Carolinas Healthcare Raises Executive Compensation Once Ag

[HuckleB]

http://hcrenewal.blogspot.ca/2016/02/the-rich-hospital-managers-get-richer.html

"It's that time of year again. Carolinas Healthcare has made public its executive compensation, and once again, its CEO got a big raise, and many other executives made more than a million dollars. And once again, the CEO's raise exceeds the rate of inflation, and seems totally unrelated to how well the health system fulfilled its mission.

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That is a 26% increase in one year, and an almost 100% increase since 2009, increases far greater than inflation. The 2015 compensation broke down as follows:

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Whether the top managers of Carolinas Healthcare are government bureaucrats or non-profit executives, they seem to manage to pay themselves more each year, regardless of what other employees are paid, regardless of inflation, and regardless of how well the organization is upholding its health care mission. This is another example of ho hospital managers have become "value extractors." The opportunity to extract value has become a major driver of managerial decision making. And this decision making is probably the major reason our health care system is so expensive and inaccessible, and why it provides such mediocre care for so much money.

So to repeat, true health care reform would put in place leadership that understands the health care context, upholds health care professionals' values, and puts patients' and the public's health ahead of extraneous, particularly short-term financial concerns. We need health care governance that holds health care leaders accountable, and ensures their transparency, integrity and honesty."

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[HuckleB]

1. .

[Initech]

2. I'm beginning to understand more and more why the French revolted.