Sen. Grassley questions soaring salaries for CEOs of nonprofits
U.S. Sen. Chuck Grassley said his skepticism about the nonprofit hospital industry is heightened by the large salaries some executives make running purported charities. National reports show some nonprofit hospital executives' pay approaching $10 million per year. No one in Iowa is close to that, but IRS reports show some million-dollar-plus salaries related to nonprofit hospitals here. Bill Leaver, CEO of Iowa Health System, made $1.6 million in 2009. Kevin Lofton made $2.3 million as CEO of Catholic Health Initiatives, a nonprofit hospital group based in Colorado whose systems include Mercy in Des Moines. Joseph Swedish made $3.8 million as head of Trinity Health, a Michigan-based system whose Iowa hospitals include Mercy hospitals in Clinton, Dubuque, Dyersville, Mason City, New Hampton and Sioux City. Industry supporters say nonprofit hospitals must pay enough to compete with private industry for top executives to run their complicated organizations.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- 3 Traits Personality Assessments Can't Reveal
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- Carondelet to Pay $35M to Settle Fraud Allegations
- CHS Hacked, 4.5M Patient Records Compromised