BC Executive Compensation in Healthcare Organization Discussion

Hospital executives often come under scrutiny for the salaries and benefits they receive. According to a recent IRS survey related to chief executive officer salaries, of more than 500 hospitals, the national average income was $490,000. In addition, the salaries of hospital and other health industry executives have come under scrutiny in Congress. For-profit hospitals, which make up about 30% of hospitals, do not have to publicly disclose how much the executives at each facility earn, but nonprofit hospitals must provide that information on the IRS form 990, which are public documents. By law, hospitals are required to show that such compensation is “reasonable” when compared to pay at other similar institutions. If you were a board member of a healthcare organization, what other determinants besides the salary of other chief executives would you want information on before you determined the compensation of the chief executive of the health care organization whose board you are on? In addition, how do the responsibilities of chief executives compare to the responsibilities of other healthcare employees? Do these responsibilities warrant a substantially higher salary? Defend your answer.

 

Textbook–McConnell, C.R. (2021). Human resources management in Healthcare Management: Jones & Bartlett. ISBN:  9781284155136.

Expert Solution Preview

Introduction: In the healthcare industry, the salaries and benefits of hospital executives, particularly chief executive officers (CEOs), have been a topic of scrutiny. As a board member of a healthcare organization, it is important to consider various determinants before determining the compensation of the CEO. Additionally, it is essential to compare the responsibilities of the CEO with those of other healthcare employees to determine if a higher salary is warranted.

1. If you were a board member of a healthcare organization, what other determinants besides the salary of other chief executives would you want information on before you determined the compensation of the chief executive of the health care organization whose board you are on?

As a board member, I would want to review the CEO’s performance and achievements over the years, as well as their leadership and communication skills. It would be important to determine if the CEO has been successful in leading the organization towards its goals, and if they have been able to effectively manage the organization’s resources. Additionally, I would want to evaluate the CEO’s educational and professional background to ensure that they have the necessary qualifications and experience to lead the organization.

2. How do the responsibilities of chief executives compare to the responsibilities of other healthcare employees? Do these responsibilities warrant a substantially higher salary? Defend your answer.

The responsibilities of a chief executive in the healthcare industry are significantly different from those of other healthcare employees. CEO responsibilities involve setting the strategic direction of the organization, meeting financial goals, overseeing the recruitment of key staff, managing the quality of care provided to patients, and implementing policies and procedures to ensure compliance with industry regulations. These responsibilities warrant a higher salary due to the high level of accountability and responsibility that comes with the role. The success of the entire organization rests on the shoulders of the CEO, who must make critical decisions that affect the lives and wellbeing of patients, staff, and the overall success of the organization. Therefore, it is essential to compensate CEOs appropriately for the challenging responsibilities they undertake in leading healthcare organizations.

#Executive #Compensation #Healthcare #Organization #Discussion

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

This assignment will build off your SWOT analysis. As the

This assignment will build off your SWOT analysis. As the Organizational Development Manager (ODM) for the organization that you completed your SWOT Analysis for, you act as a liaison and advisor to the organization’s leadership, and begin initiatives within the organization. You have been given the responsibility to create a

This assignment requires you to conduct the Strengths (S),

This assignment requires you to conduct the Strengths (S), Weaknesses (W), Opportunities (O), and Threats (T) SWOT Analysis.  As the planner for your health organization (selected by you), you will need to prepare a 3-page document addressing your organization’s internal and external environment to include, but not limited to, forces/trends,

WU Employee Motivation and Engagement Presentation

OUR ROLE AS A MANAGER IN CREATING A POSITIVE, INCLUSIVE WORKPLACE CULTURE: EMPLOYEE MOTIVATION AND ENGAGEMENT Prepare your second presentation to the managers of the organization you described in the Week 1 Assignment. Your topic this week is employee engagement and motivation. Using the slide template, course resources, and this

Case 1 Review the pharyngitis scenarios and determine the

Case 1  Review the pharyngitis scenarios and determine the most likely cause, including pathogen and mode of transmission. Discuss data that support your decision and treatment strategies.  Scenario 1:  Susan is a 16-year-old with sudden onset of severe sore throat for the past day. She feels like she had a

NKU Differential Diagnoses & Medication Recommendations

History of Present Illness: A 33 year old male is brought to the psychiatric department by police after he attacked another man in a bar and threatened to “rip (your) throat out with (my) bare hands”. The pt. apparently returned from the restroom in the bar to find the man

Week 4 – Discussion ForumNo unread replies.No replies. Your

Week 4 – Discussion ForumNo unread replies.No replies. Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the

MIT Health & Medical Strategies for Healthy Optimization

I’m working on a health & medical discussion question and need the explanation and answer to help me learn. What are the most effective and scientifically proven strategies, including lifestyle changes, dietary choices, and exercise routines, to achieve and maintain a healthy weight, improve cardiovascular health, lower the risk of

Describe and critique a current article that relates to

Describe and critique a current article that relates to economic growth (as it relates to health) or the advancement of medical technology in healthcare. (Article should be from a scholarly, peer-reviewed journal published within the last 3-5 years). Submit 1,000-1,500-word paper with a KU title page and reference page in scholarly

CU Health & Medical Physical Changes and The Aging Process

I’m working on a health & medical case study and need the explanation and answer to help me learn. Visit the following website and read the article. (1) Cardiovascular, (2) Bones, (3) Joints and Muscles, (4) Digestive Tract, (5) Bladder and Urinary Tract, (6) Memory and Thinking, (7) Eyes and

This Research Paper is to examine the micro and

This Research Paper is to examine the micro and macroeconomics of medical care in the U.S. and healthcare outcomes and expenditures compared with international healthcare market.     Submit a 10-15-page (3,000-4,500 word)  of this Research Paper  You are a medical professor in charge of creating college assignments and answers

VC Fulton Countys Rate of Poor Access to Health Services

In many communities, people do not have access to health services. These reasons include a lack of available care, insurance, and transportation. Research Fulton County’s (GA) rate of poor access to health services and write a paper reporting your findings. Acceptable sources of data are the State Health Department, CDC.gov,

Capstone Project & Capstone Defense Overview The

Capstone Project & Capstone Defense  Overview The capstone project represents students’ synthesis of and reflection on knowledge acquired in coursework, the practicum, and other learning experiences and the application of theory, principles, and methods to a situation that approximates some aspect of professional practice. Options and format for Capstone Projects

HSC1531 FSCJ Health & Medical Red Faced Runner Case Study

Case Study Scenario The internist recommends a dermatology workup for a suspected SLE (Systemic Lupus Erythematosus) in her 40-year-old female patient. The patient presents symptoms, including erythema rash across her cheeks and nose, photosensitivity resulting in a raised rash in sun-exposed areas, patches of alopecia, and pain and stiffness in

Topic : Systematic review for neck pain 4000 words min NO

Topic : Systematic review for neck pain 4000 words min NO PLAGIARISM PLEASE : INSTRUCTIONS:   Capstone Project & Capstone Defense  Overview The capstone project represents students’ synthesis of and reflection on knowledge acquired in coursework, the practicum, and other learning experiences and the application of theory, principles, and methods to

HCI 314 Health Information Evaluation of Information

Expalin how does how does the evaluation of information systems effect E health?please no You are a medical professor in charge of creating college assignments and answers for medical college students. You design and conduct lectures, evaluate student performance and provide feedback through examinations and assignments. Answer each question separately.

Intro to Co-Design What we want you to do For your

Intro to Co-Design What we want you to do  For your individual project, assemble a co-design team, using selected principles of design justice. In your response, answer the following questions: 1) If the design process is intended to prioritize design’s impact on the community over the intentions of the designer, what

DVC Health & Medical Improve Patient Quality of Life Script

I’m working on a health & medical question and need guidance to help me learn. The slide has already been done and please make the script clear ,short and easy to say, just don’t make it complicated.  You are a medical professor in charge of creating college assignments and answers

AMU Park Health System Integration Project Proposal

For this assignment, you will complete your project risks and activities to monitor the ongoing success of the project. Complete the following project proposal sections: Project risks (Paragraph 9) Communication plan (Paragraph 10) Vendor Selection and Recommendation (Paragraph 11) Training Plan (Paragraph 12) You are a medical professor in charge