Thu July 19, 2012
State to Continue Monitoring Hospital C.E.O. Pay
The state Director of Charitable Trusts Anthony Blenkinsop says transparency is the way to move forward with determining how to evaluate and compensate executives. Blenkinsop joined NHPR on The Exchange Thursday.
This is something that we want to make sure we’re continuing to monitor yearly to ensure that there’s current information out there for the public. We look forward to a dialogue with the hospital association in ways of developing best practices— how can we improve the process.
Earlier this month, the New Hampshire Center for Public Policy released a report which found that state nonprofit hospital CEO salaries rose 18 percent from 2006-2009 while salaries across New Hampshire rose 5 percent.
CEO salaries ranged between 150,000 and 1 million. The center found no correlation between higher wages and better care.
Steve Ahnen, President of the Hospital Association in New Hampshire, believes the CEOs’ pay is in line with their peers from both nonprofit and for-profit hospitals. Ahnen adds that competitive salaries allow the hospitals to attract the best talent for their organization.
Ahnen says the process of determining salaries falls upon the hospital board. The criticized hospitals currently meet regulatory requirements, and any future reforms are yet to be determined.