Charleston Area Medical Center hands out raises
Unlike steps taken by administrators at Thomas Memorial Hospital, Charleston Area Medical Center executives say pay cuts are currently not an option in the wake of recent efforts to reduce the health system's budget.
CAMC's top 16 executives received about $4.89 million in combined salaries in 2009 - an increase of about 3 percent from 2008, according to state Health Care Authority filings.
The health system's executives also received about $2.3 million in payouts in 2009, after cashing in retirement and deferred compensation packages, state records show.
- Healthcare Leaders Seek Strategic Sweet Spot
- 3 Reasons Wellness Programs Fail
- CMS Issues Health Insurance Exchange Proposed Rules
- Patients Shoulder Nearly 25% of Medical Bills
- ACOs Widespread, Yet Challenged
- Healthcare Costs 'An Abomination' Says Senate Finance Committee Chair
- Healthcare Consolidation: M&A Not the Only Way
- MGMA: Physician Compensation Increasingly Based on Quality Measures
- 6 CNO-to-CEO Strategies
- PwC: Pace of Rising Medical Costs Slowing