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Hospital administrators pillaging healthcare

Discussion in 'Radiation Oncology' started by Haybrant, May 18, 2014.

  1. Haybrant

    Haybrant 1K Member 10+ Year Member

    1,527
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    Jul 5, 2004
    Really wondering why that stitch in the ED costs more than $500. This is why:

    "$584,000 on average for an insurance chief executive officer, $386,000 for a hospital C.E.O. and $237,000 for a hospital administrator...In a deal that is not unusual in the industry, Mark T. Bertolini, the chief executive of Aetna, earned a salary of about $977,000 in 2012 but a total compensation package of over $36 million, the bulk of it from stocks vested and options he exercised that year. Likewise, Ronald J. Del Mauro, a former president of Barnabas Health, a midsize health system in New Jersey, earned a salary of just $28,000 in 2012, the year he retired, but total compensation of $21.7 million."

    http://www.nytimes.com/2014/05/18/sunday-review/doctors-salaries-are-not-the-big-cost.html?hp&rref=opinion&_r=0

    This really highlights the role of physican as a laborer. 10+ years of advanced training alone to be a cog in a wheel that crushes our patients.
     
    Last edited: May 18, 2014
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  3. medgator

    medgator Senior Member Physician 10+ Year Member

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    Sep 20, 2004
    Something to think about for those with the luxury to pick between hospital employment and independent practice....
     
  4. Gfunk6

    Gfunk6 And to think . . . I hesitated Physician PhD Faculty Moderator Emeritus Lifetime Donor Classifieds Approved 10+ Year Member

    3,408
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    Apr 15, 2004
    SF Bay Area
    The days of truly independent, single-specialty Rad Onc groups are drawing to a close. Either join like-minded, independent physician groups or submit to the will of your local hospital management. There is no right or wrong answer, but personally I will try to avoid employment for as long as humanly possible.
     
  5. OTN

    OTN Member 10+ Year Member

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    Nov 6, 2003
    AMEN to that GFunk. You and I see eyeball-to-eyeball on that one.
     
  6. RadOncDoc21

    RadOncDoc21 7+ Year Member

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    Eyeball-to-eyeball huh? Be careful, that might be how MERS is spread!
     

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