Mills has met his community service requirements, according to Community spokesman Al Larsen, by working at an Urban Acres Farm on the Eastside that grows food for local food banks and by serving meals at local Boys and Girls Clubs. Community's improvement program goes all the way down the ranks. Most employees are being asked to tackle performance improvement goals similar to the Six Sigma betterment program that many companies use.
A spokesman for Franciscan St. Francis Health said it would not discuss the pay to its CEO. The hospital group is owned by Franciscan Alliance of Mishawaka. Vincent spokeswoman also did not make anyone available to discuss pay to its current or previous CEO.
The greater scrutiny of CEO pay by hospitals comes as health care providers struggle to adapt to sweeping changes in health care payments and operations ushered in by the Affordable Care Act that was passed by Congress and signed into law by President Barack Obama. We've had to sort of adapt to all that," Golden said. The act has created more insured patients who have increased demands on hospital services — but often at government-reimbursed prices that don't cover hospitals' costs.
The three hospital groups that have posted results saw increases in revenues and even larger jumps in earnings from Franciscan Alliance's revenue edged up 2. IU and Community saw earnings jump by identical 62 percent margins.
Louis, has not yet posted results. He will retire in the spring. Evans will walk off with retirement benefits in the millions of dollars. Of course, their systems are smaller. Murphy could earn much more depending on how IU Health performs under his coming leadership, Golden said. Hay, the compensation expert, said that at hospitals he tracks, the heavier demands put on hospital CEOs by their boards have resulted in bonuses "all over the place" in recent years, from minimal or no payouts to well into the six figures.
The new hospital bonus plans are becoming more like those at many publicly traded companies, which reward their CEOs with stock or cash that's usually strongly tied to a company's performance, including stock price and rankings among peers. Doug Leonard, president of the Indiana Hospital Association, said he sees hospitals moving away from basing CEO pay primarily on growth metrics patients, buildings and employees for the most part to harder-to-quantify things such as patient satisfaction and quality of care.
It's a lot more complicated Three of the four CEOs at Indianapolis' Big 4 hospital groups got little or no increases in combined pay and bonuses from to Facebook Twitter Email. Three CEOs at Big 4 Indy hospitals see pay cut or little increase from to Evans' and Mills' falling pay reflects smaller bonuses at big hospitals. Jeff Swiatek jeff. Share your feedback to help improve our site!
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