Republican presidential candidate Donald Trump claimed in an economic speech Monday that his proposal to repeal the Affordable Care Act would “save” 2 million American jobs. But there are serious problems with that statement.
Modern Healthcare's 36th annual Executive Compensation Survey finds that as executives' compensation continues to soar, more is coming from performance-based payment models that aren't just linked to individual efforts and outcomes, but also the efforts of their organizations.
With a median annual compensation of $555,000, orthopedic surgeons topped the highest-paid list this year among the 23 medical specialties in Modern Healthcare's 23rd annual Physician Compensation Survey.
In an analysis of recent data from the American Community Survey and the Center for Studying Health System Change, researchers found white male physicians earn nearly 35% more than black male physicians.
Over the past two decades, especially in the years since the ACA passed, there has been a gradual movement toward paying board members at national or regional hospital systems, integrated provider-payer organizations and insurers. And some of the payouts are quite substantial.
Ponder the fleeting nature of fortune. Last fall, Theranos CEO Elizabeth Holmes, 32, was deemed the “youngest self-made female billionaire” in the world by Forbes magazine. Her net worth today? Bupkis.
Biotech billionaire Dr. Patrick Soon-Shiong, 63, topped Bloomberg's Pay Index for 2015, beating out others by more than $170 million.
UnitedHealth Group CEO Stephen Hemsley earned $14.5 million in 2015, according to a filing Friday, but he wasn't the top-earning health insurance executive.
Many of the highest-paid healthcare executives saw their compensation hammered in 2015 as economic headwinds broadly dampened executive pay at publicly traded companies. But more of them appear to have bucked the trend.
Joe Kiani, founder of Masimo Corp., has vaulted to the top of the list of healthcare's highest paid executives through an unusual golden parachute built into his stock option plan. Special deals and special circumstances dominated this year's list of top-paid CEOs in Modern Healthcare's analysis.
Executives recruited into the C-suites of for-profit healthcare companies can expect their bonuses and at-risk compensation to be increasingly pegged to performance on patient quality, safety and satisfaction, experts say.
A list of the 50 highest paid healthcare-industry executives at publicly traded companies, ranked by total compensation for 2015 as reported to the U.S. Securities and Exchange Commission. Source: Modern Healthcare reporting. Published April 18, 2016, p. 34.