A $1.7 Million/ Year CEO of a Safety Net Hospital - Alleged to Have Hired a Dangerous Surgeon, Paid Unethical Bonuses, and Associated with Organized Crime

We have long contended that a major reason for health care dysfunction isperverse incentives, including those that allowtop health care leaders to become rich by putting money ahead of patient care.  We have presented case after case supporting this point,most recently including a collection of generously compensated top executives of non-profit hospital systems whose pay seemed disproportionate to their personal achievement, and unrelated to their hospitals ' clinical outcomes or quality of care.Such cases, with their recitations of monetary amounts and repeated public relations talking points, can be rather dry.  So this week we present another case which is a bit more colorful.The Reliably High Pay of the CEO of Bronx-Lebanon HospitalThe CEO of the Bronx-Lebanon Hospital in New York City has long been criticized for receiving millions from a hospital which mainly serves the poor.In 2009, theNew York Post published an article entitled " Sickening Bonuses " about howhospital presidents and CEOs ... collect fat bonuses and ' incentive payments, ' even as health-care systems cry poverty,...In particular it noted that presumably pre the 2008 global financial crisis:A $1.2 million bonus went to Miguel Fuentes Jr., CEO of the 958-bed Bronx-Lebanon Hospital. His$4.8 million package included $878,024 in salary and an $858,000 pre-retirement payout. He ’s also set to get$1.8 million in retirement cash next year.In 2013, after the great recession, theNew York World report...
Source: Health Care Renewal - Category: Health Management Tags: crime executive compensation fraud hospital systems hospitals mission-hostile management perverse incentives Source Type: blogs