Administrators Get Paid More
So not only are there more administrators than doctors but it turns out they get paid more too. “The base pay of insurance executives, hospital executives and even hospital administrators often far outstrips doctors’ salaries, according to an analysis performed for The New York Times“. When someone asks you what is wrong with our healthcare system you can start by pointing this out. Personally, I want to puke.
C.E.O. of health/disability insurance firms
$583,700
Hospital C.E.O.
$386,000
Hospital administrator
$236,800
General physician
$185,000
Family-practice physician
$165,300
Physical therapist
$78,100
Audiologist
$72,600
Staff nurse
$61,900
Emergency medical technician
I agree, Doug.
I’ve frequently asked the question, “If my salary is based on quality/patient satisfaction measures, why are our executives salaries not based on provider’s satisfaction/ability to practice medicine/support?”
I haven’t really received an answer…
Steven Gilles, PA-C
Hey, John – I know it sucks to be a doc, especially a PC doc, BUT . . . I doubt that the insurance carriers and others gleefully paid out $13 mil without SOME SERIOUS evidence of liability and serious damages. I would NOT have voted for him BUT $13 mil does not get paid out until years of “discovery”, most of it dragged from the hospital’s hands and kicking and screaming attorneys. He may be a moral douchebag but I doubt he had to chase the ambulance here. someone came looking for his firm with a good claim.
These figures are right on and a national disgrace. The teaching hospital closest to us (we’re owned by another one) just laid off another few hundred after 900 last year. The CEO, surprisingly a doctor, makes >$2,300,000 including his perks like country club membership. He should be ashamed to show his face in public except, of course, at the country club! (Our owner is laying off quite a few too but of course none at the upper echelon. Seems like a MBA is a magic shield.)
Speaking of non-docs making a lot of cash, did you notice this week that our old buddy John Edwards is back at what he does best-suing doctors. Thirteen million dollar settlement.
Maybe he can afford another love child with a cinematographer while he runs for president.
World’s richest ambulance chaser, and to think he aspired to be the leader of the free world.