Audrey Meyers, of The Valley Hospital the Highest Paid Non-Profit hospital CEO in New Jersey?
From the article ; Medical millionaires: The compensation packages of hospital heads are drawing attention by Beth Fitzgerald , Among other notable 2012 paychecks for New Jersey hospital system CEOs:
Such salary figures are not limited to the heads of giant health care systems. NJBIZ found the leaders of other well-known hospitals around the state earned similar salaries in 2012.
Audrey Meyers, the CEO of The Valley Hospital in Ridgewood, earned $2.18 million.
Michael Maron, the CEO of Holy Name Medical Center in Teaneck, was paid $1.83 million.
Barry S. Rabner, the CEO of Princeton Healthcare System, received $1.35 million.
John T. Gribbin, the CEO of CentraState Medical Center in Freehold, earned $1.2 million.
Gary S. Horan, the CEO of Trinitas Regional Medical Center in Elizabeth, was paid $1.19 million
Douglas Duchak, the former CEO of Englewood Hospital and Medical Center, made $999,023.
The compensation comes at a time when the Affordable Care Act has the health care industry searching for ways to cut the ever-expanding cost of care.
Industry insiders will point to this idea as a reason for such salaries, saying these leaders are driving the search for such savings — and doing it at a time when some hospitals in the state are on the verge of bankruptcy and in danger of closing.
The salaries of the hospital heads are not unusual for CEOs in New Jersey. In fact, they are far below what others are earning.
The NJBIZ list of the highest-paid CEOs of public companies lists 25 making more than $7 million annually — and 45 making more than $3 million.
The difference, Berger said, is that these salaries were earned at public for-profit companies.
“I have no problem with people becoming millionaires if they’re not working for a tax-subsidized nonprofit,” he said.
Medical millionaires: The compensation packages of hospital heads are drawing attention
By Beth Fitzgerald
March 5, 2014 at 1:02 PM