All is Well as Hospital Executives are Doing Great!

This is for those who worry about the NUMBER of hospital administrators out there.  Yes, they are growing at a ridiculous alarming rate but here is the exciting news. Adjusted for inflation, average compensation for CEOs at 22 major nonprofit health-care systems across the country increased from $1.6 million in 2005 to $3.1 million in 2015—a 93% increase.  You read that right.  Did your salary go up 93%?  And remember, this was just major “nonprofit” hospitals.

The results show continued widening of the disparity in compensation between medical center CEOs and the doctors and nurses who provide patient care.

Chew on that my friends as you hear them all cry poor-mouth.  It’s time for a revolution. It’s time for change.

 

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  5 comments for “All is Well as Hospital Executives are Doing Great!

  1. August 18, 2018 at 1:07 pm

    Why am I not surprised? We are definitely living in the health care Twilight Zone. It is time for Medicare for All.

  2. August 18, 2018 at 1:05 pm

    Why am I not surprised? It is time for Single Payer!

    • Doug Farrago
      August 18, 2018 at 4:33 pm

      Nope. Wrong site. Free market with physician independence.

  3. Martha O'Reilly
    August 18, 2018 at 10:29 am

    1st the end of the day they need us. Not the other way around. Physicians are so easily cowed.

  4. PW
    August 18, 2018 at 8:28 am

    Yes, the former CEO of my wife’s hospital got a $4 million parachute for totally f***ing up the hospital and dumping its reputation. If I did that to my practice I’d be in the poorhouse.

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