Monday, November 10, 2008

One Hospital System's CEO Salary

How does $2.25 million a year grab ya?
Carilion Clinic, as the system is now known, operates eight hospitals. They treat more than 500 Emergency Room visitors a day. The system employs more than 11,000 people.

It's a private, tax-exempt outfit. That enables Carilion to avoid $54 million a year in taxes.

Carilion says it spends $1.50 on community benefits for every dollar it receives in tax exemptions. With U.S. taxpayers already on the hook for more $700 billion in the financial bailout, how likely is a medical make-over? Carilion CEO Ed Murphy says he gets asked that a lot.

"I think it's more likely, because we can't afford what we're already spending," says Murphy.

Glad to see Mr. Murphy's hospital system is doing everything it can to keep those health care delivery costs down.


h/t: Survive the Journey.

No comments: