Nonprofit hospitals don't scrimp on CEOs' pay

[pstokely]

http://www.bizjournals.com/kansascity/print-edition/2011/08/26/nonprofit-hospitals-ceo-pay.html

"The heads of Kansas City’s nonprofit hospitals oversee some of the region’s largest employers and biggest revenue-producers.

Similar to their peers in other industries, these executives have to deal with recession-constricted budgets, along with changes in how health care providers are reimbursed for care and widespread shifts tied to health care reform.

But if the work brings its share of headaches, hospital CEOs can afford a lot of aspirin."

[Lasher]

1. I don't know of any nonprofit that does.

[hunter]

2. Income taxes ought to rise sharply at some multiple of the minimum wage.

You want to enjoy a million dollar a year income with low taxes? Pay the guy who sweeps the floor at Wal-Mart $100,000 dollars a year.

Maybe that's a bit of hyperbole, but most certainly the wealthy ought to be paying more taxes. If the minimum wage was raised to $18 an hour or so I'd have taxes beginning to climb at $250,000 income, and become very, very steep at a million dollars, a 75% tax rate or beyond.

When the very wealthy obstruct the circulation of money throughout the economy, thereby greatly harming the welfare of everyone else, and when the very wealthy increasingly own more of everything (including the political process...) then it's time to raise their taxes substantially

[Tuesday Afternoon]

3. ah, now c'mon - - I am sure those suits and ties deserve that pay

that is how they keep the hospital 'nonprofit' doncha know.

[patrice]

4. Hospitals could be paying dues for the good-ol-boy/girl Risk Managers' club and

VENDOR choices can be part of that, including staffing vendors.

Relationships between health care resources and funding/development sources can also be defined by payroll and other traits of an organization that are assumed to be indicators of economic success and, ergo, evidence of their "worthiness" for charitable support.

Think CIRCLE here.

[Ozymanithrax]

5. The problem is the system, not the non-profits...

A non-profit hospital competes with for-profits who can afford to pay a lot of money for their administrators. So, if an administrator could make 2 or 3 times his salary elsewhere, why should he stay at a non-profit. A hospital is a hospital and the job of managing patient care and hundreds or several thousand employees is very much the same.

If you could move across the street and do the exact same job you do now for 3 times the pay, would you stay with your current employer?

We have a system where administrators and managers are paid vastly out of proportion for the value they bring. Management expertise is going to enjoy higher pay-rates in any system. But our system where the sky's the limit for management/executive pay, and minimum wage too much for the worker is unbalanced.