Pay Surges for Some Hospital Execs
Pay increases for some top Massachusetts hospital executives outpaced the growth of state health spending in 2014, according to new filing with the Internal Revenue Service, the Boston Globe reported today.
Leading the list was Elizabeth Nabel, president of Brigham and Women’s Hospital in Boston, who drew total compensation of $5.4 million for that year, up 119{06cf2b9696b159f874511d23dbc893eb1ac83014175ed30550cfff22781411e5} from her $2.5 million pay package a year earlier. Most of the increase, the Globe reported, was attributed to a jump in deferred compensation in 2014, the year she vested in a retirement plan managed by Brigham and Women’s parent company, Partners HealthCare.
Partners, the state’s largest hospital and physician network, also reported a 19{06cf2b9696b159f874511d23dbc893eb1ac83014175ed30550cfff22781411e5} increase in total compensation, to $3.1 million, for chief executive Gary Gottlieb in 2014. Gottlieb left Partners in 2015.
Overall healthcare spending in Massachusetts climbed about 4.8{06cf2b9696b159f874511d23dbc893eb1ac83014175ed30550cfff22781411e5} in 2014, according to the state Center for Health Information and Analysis.
Locally, Baystate Health reported that its president emeritus, Mark Tolosky, had total pay of $1.4 million in 2014, when he retired midyear, down 23{06cf2b9696b159f874511d23dbc893eb1ac83014175ed30550cfff22781411e5} from 2013. Current Baystate President Mark Keroack had total pay of $1.2 million in 2014.
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