Amid a wave of intensified criticism of hospital CEO pay at large, one source continues to pay close attention to the ratio of executive compensation to worker wages at more than 300 health systems.
While hospital and health system CEOs are often the ultimate decision-makers at their organizations, collaboration with other C-suite members is key to successful and strategic choices. But executives do not always agree on everything.
Worcester, Mass.-based UMass Memorial Health and Gardner, Mass.-based Heywood Healthcare have called off merger plans, the Boston Business Journal reported Jan. 6.
Hospitals and health systems faced formidable margin declines in 2022 amid labor shortages, skyrocketing operating costs and declining inpatient volumes.
The No Surprises Act, aimed to protect patients against balance billing and create cost transparency, took effect Jan. 1, 2022, and the law has shifted how many physicians and ASCs provide care.
Margins will eventually rebuild to historic levels and a strong management team will help ensure so, Moody’s said of MedStar Health as the rating agency affirmed an “A2” credit rating with a stable outlook for the Columbia, Md.-based healthcare system.