JCAHO retirement
It appears that the JCAHO has certainly done well in the past few years. According to Modern Healthcare Modern Healthcare Online, they paid their retiring CEO (a physician) almost 1.2 million dollars in 2005. They are calling him the 2 million dollar man. Some excerpts are:
The impending retirement of Joint Commission on Accreditation of Healthcare Organizations President Dennis O’Leary boosted his 2005 total payout by almost $1.2 million, according to a federal tax form filed last week by the group.
But it was the expected retirement of O’Leary at the end of next year that prompted the need to recognize the value of previously reported deferred compensation payments, which pushed his total compensation and benefits to $1,972,598 in 2005 from $875,231 in 2004, according to Rodgers.
It appears that deferred compensation is getting more and more attention with all areas of healthcare CEO’s.
The article went on to say that the majority of the revenue generated by JCAHO is from the fees charged to the facilities it is surveying.
That’s a lot of money to spend for someone to come to your organization and find every deficiency.
As many have mentioned in previous postings, there are certain public perceptions about Floyd Memorial no longer being JCAHO credentialed.
The impending retirement of Joint Commission on Accreditation of Healthcare Organizations President Dennis O’Leary boosted his 2005 total payout by almost $1.2 million, according to a federal tax form filed last week by the group.
But it was the expected retirement of O’Leary at the end of next year that prompted the need to recognize the value of previously reported deferred compensation payments, which pushed his total compensation and benefits to $1,972,598 in 2005 from $875,231 in 2004, according to Rodgers.
It appears that deferred compensation is getting more and more attention with all areas of healthcare CEO’s.
The article went on to say that the majority of the revenue generated by JCAHO is from the fees charged to the facilities it is surveying.
That’s a lot of money to spend for someone to come to your organization and find every deficiency.
As many have mentioned in previous postings, there are certain public perceptions about Floyd Memorial no longer being JCAHO credentialed.
posted by Anonymous at 5:50 AM
2 Comments:
$2 million? That's peanuts. Check out what the guy leaving Pfizer is getting, and this after Pfizer's stock price decreased 40% during his tenure.
Has anyone notice that St joseph Hospital in Huntingburg, Indian closed this past weekend. It makes you wonder why? Poor management, lack of patients, miss management of money, running, loack of accrediation, which one did they have. So, hospital our closing, this one was a nice one, I have been in it.
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