The 100 most expensive hospitals in the United States charge between $1,129 and $1,808 for every $100 of their costs, according to a study by National Nurses United, the largest nurses union in the country.
The Regional Medical Center is looking for ways to improve its bottom line as it continues to struggle with the coronavirus pandemic, the hospital’s chief financial officer says. "COVID 19 has affected everything," interim CFO Rick Langosch told hospital trustees Thursday. The virus has impacted hospital staffing and expenses, especially for items like personal protective equipment, he said.
The Legislative Analyst’s Office (LAO) estimates Medi-Cal general fund spending will increase 14.2% in fiscal year 2021-22, resulting in a $25.9 billion general fund price tag. LAO released these latest projections on Wednesday as part of its 2021-22 Fiscal Outlook.
Altru Health System has selected a new chief financial officer, filling a key executive role that was filled on an interim basis since a February leadership shakeup. Doug Arvin, a financial executive at the Georgia-based Wellstar Health System, will fill the CFO role beginning Nov. 30 — the Monday after Thanksgiving. Arvin will fill a crucial role for Altru Health System as it seeks new financial footing, both after its nine-figure hospital project was put on hold earlier this year and as the coronavirus pandemic has scrambled the normal financial order of health care institutions.
Americans weigh many factors when they seek employment – good benefits, vacation time, work-life balance, stimulating work environment, and a job that has meaning to society. For many, though, salary is the dominant consideration. The average working American earns $53,490 a year, but there are dozens of jobs where the average salary is more than twice that.
Beaumont Health paid its chief executive a $2.6 million bonus weeks before the state'slargest hospital system turned to the federal government for a financial bailout. The bonus for CEO John Fox — a 63% increase over his prior year bonus — was awarded on the same day that the nonprofit health system got its first COVID-19 patient. Details about the bonus were revealed Monday as Beaumont released copies of the tax returns the health system filed with the IRS for 2019.