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Industry, Influence, and freedom to Innovate
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Topic starter
August 20, 2023 12:22 am
Stat News gets "Quote of the Week" rights for this gem. Highlighted with bold text in the quote below, and kudos to the publisher for daring to print what no one dares to discuss!
Not-for-profit CommonSpirit Health paid its CEO $35 million in 2021
CommonSpiritHealth, the massive not-for-profit health system formed through a 2019 merger, paid its former CEO $35.5 million in 2021, the latest year for which data is available.
The size of Lloyd Dean’s pay package is likely to reignite questions about health system CEO pay, especially at tax-exempt organizations. It’s more than twice the total compensation paid to the CEO of Ascension, a comparably sized not-for-profit system, and puts him in the upper tier of manyfor-profit peersthat run other provider organizations.
“The distinction between not-for-profit and for-profit — certainly in health care and certainly in relationship to hospitals — is negligible or nonexistent,”
said Vikas Saini, president of the Lown Institute, a nonpartisan think tank that publishes data on hospital CEO pay and community benefit spending. “This, I think, is additional evidence of that.”
* The rest of the article is unfortunately behind a paywall - a mere $399/year, with a 20% discount currently on offer.
Stat News routinely puts out great information on health professions and industries. Anyone willing to spring for a subscription would have our lasting gratitude!
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