RI union slams Lifespan executives' pay
A release of Lifespan's executives' salary, bonuses and supplemental retirement contributions has been met with great consternation by the Rhode Island Hospital union. The forms - the U.S. Internal Revenue Service 990 forms for non-profit organizations - show that Lifespan's nine highest-paid executives received $9.4 million in total compensation in the last reported year, including $1.8 million in bonuses and $2.6 million in supplemental retirement contributions. Lifespan President/CEO George A. Vecchione received a total of $2.9 million in salary and benefits ? including $853,024 in base salary, $522,051 in bonuses, and $1,485,197 in retirement or deferred compensation. Timothy J. Babineau, MD, president/CEO of Rhode Island Hospital and The Miriam Hospital, received $1.1 million in salary and benefits ? including $573,675, in base salary, $379,376 in bonuses and $92,035 in retirement or deferred compensation. "We are angry, we feel disrespected," said Helene Macedo, president of the United Nurses & Allied Professionals which represents 2,200 employees at Rhode Island Hospital. "It's not justified, when we see the sacrifice that those of us who are working at the bedside are being asked to make," she told Providence Business News.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Nonprofit Hospital Outlook 'Negative' in 2014
- The Most Polarizing Topics in Healthcare IT
- Are ACOs Really Different from HMOs?
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Rise of the Chief Strategy Officer