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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRobert Reich @RBReich: Partners HealthCare CEO Anne Klibanski, who makes between $2M and $6M
Link to tweet
I have no doubt Anne sleeps well at night.
stillcool
(32,626 posts)for some. These people are so naked. I just hope no one forgets. This has to matter.
BeckyDem
(8,361 posts)smirkymonkey
(63,221 posts)Hoyt
(54,770 posts)experience a big hit in revenue for most of it's departments because of this virus. It includes Massachusetts General Hospital (MGH).
If they don't provide care for the thousands infected, that's one thing. But, they do.
Not saying the employees don't deserve it, but a health system that large has to make sure they have the funds to provide services to their patients (over 1.5 million a year seen).
When it's all over, if that's the time to consider bonuses.
BeckyDem
(8,361 posts)Health Care CEO Who Makes Millions Says No to Hazard Pay for Coronavirus Workers
Thank you for the courage, she tells doctors and nurses.
David Corn
Washington, DC, Bureau ChiefBio
excerpt: We have also heard you are worried about your family, friends, colleagues and patients. But, she declared, we do not calibrate pay and benefits based upon the patients condition and for this reason we do not offer hazard or crisis pay.
In her letter, Klibanski pointed out that Partners HealthCare, which was founded by Massachusetts General Hospital and Brigham and Womens Hospital, does provide its employees with pay and benefits if they cannot work because they have contracted COVID-19 and that the company is providing eight weeks of pay and benefits to employees who are not needed because elective surgeries and other non-urgent procedures have been canceled or deferred. But these measures do not benefit those doctors, nurses, and other hospital workers who are treating coronavirus cases during this hellish pandemic. A week ago, CNN reported that 150 employees at Boston hospitals had tested positive for the coronavirus, with 86 of these cases in Massachusetts General and Brigham and Womens Hospital.
Klibanski doesnt have to worry about hazard pay herself. When she became head of the company last year, it was reported that her base annual salary would be $2 million. But its likely she pockets more than that. Her predecessor received a base salary of $2.3 million in 2017 plus additional compensation of $3.8 million. According to the Boston Business Journal, that year he earned nearly three times as much as every other health system executive in the state.
The letter to the Partners HealthCare employees was signed by the heads of 12 hospitals that are part of the company, including Dr. Peter Slavin, president of of Massachusetts General, and Dr. Elizabeth Nabel, president of Brigham and Womens Hospital. They each earned $2.6 million in total compensation in 2017.
https://www.motherjones.com/politics/2020/04/health-care-ceo-who-makes-millions-says-no-to-hazard-pay-for-coronavirus-workers/
BTW, a third of the total # of employees are doctors and nurses. Over 13 billion in revenue. Nice pile of profits last year too.
Hoyt
(54,770 posts)BeckyDem
(8,361 posts)friendly_iconoclast
(15,333 posts)"Some of you may die- but it's a sacrifice I am willing to make..."
BeckyDem
(8,361 posts)Complicit, at best.
friendly_iconoclast
(15,333 posts)mwooldri
(10,301 posts)Does the CEO of Partners make more than $1 million a year? If that is true, then answer this (rhetorical) question : How does the CEO of NHS England make do with $240 thousand a year?
Hoyt
(54,770 posts)of Partners Healthcare's CEO?
The "CEO of NHS" doesn't make the kind of decisions someone in Dr. Anne Klibanski has to make.
While I have to agree her pay is higher than I think is justified, I don't see a big problem with the letter sent to employees.
"Dear Colleagues:
We want to recognize and express our gratitude to all of you for providing exceptional patient care and for supporting each other and the community during these unprecedented times. We appreciate the sacrifices each of you has made to ensure that care can be delivered when and where its needed.
Partners HealthCare has always prided itself on providing world-class care for all patients, regardless of their specific illness, injury or condition. Every day, we are gratified to see the dedication of our health care workers across the system and we appreciate your work and the work of your colleagues through this COVID-19 crisis.
Over the past few days, we have heard a number of questions about whether we are or will provide hazard pay to our workforce. We understand why you may be worried about exposure and are vigilant in our efforts to help you and your colleagues stay safe and healthy. We have also heard you are worried about your family, friends, colleagues and patients. A core part of our mission is that we deliver the same high-quality care to all patients without regard to the type or severity of their condition. Similarly, we do not calibrate pay and benefits based upon the patients condition and for this reason we do not offer hazard or crisis pay.
We are working to ensure that our workforce has the pay security and support they need to continue to do the lifesaving work needed during this pandemic. As weve shared over the past few days, we are providing our workforce with pay and benefits if they are unable to come to work due to COVID-related illness. We are also providing up to eight weeks of pay and benefits if they are temporarily without their own work or a reassignment opportunity because their job has been affected by deferrals of elective or other non-urgent procedures. In addition, we are paying the full cost for hotel rooms for those working in patient care areas and perform direct care or supporting services for when you feel too tired to commute or if there is not enough time between shifts to travel home.
We care deeply about all our employees and want to provide as much support as possible through this challenging time. Behavioral health resources, childcare assistance and general wellness resources are available and can be accessed through a dedicated resources page on Partners Pulse. In addition, our Employee Assistance Program (EAP) is an excellent resource for multiple support services we offer, and they can be reached at (866) 724-4327.
Thank you for the courage you demonstrate every day and for the continued dedication to our patients, employees and community.
Anne Klibanski, MD
President and Chief Executive Officer
Partners HealthCare
Peter L. Slavin, MD
President, Mass General Hospital
Elizabeth G. Nabel, MD
President, Brigham Health
David O. McCready, MBA, MHA
President
Brigham and Womens Faulkner Hospital
Joanne Marqusee
President and Chief Executive Officer
Cooley Dickinson Hospital
Denise Schepici, MPH
President & Chief Executive Officer
Marthas Vineyard Hospital
John Fernandez
President
Massachusetts Eye and Ear
Scott L. Rauch, MD
President and Psychiatrist in Chief
McLean Hospital
Gary A. Shaw, FACHE
President & Chief Executive Officer
Nantucket Cottage Hospital
Gregg Meyer, MD
Interim President
Newton-Wellesley Hospital
David J. Roberts, MD
North Shore Medical Center
David E. Storto
President
Partners Continuing Care and Spaulding Rehabilitation Network
Gregory J. Walker, FACHE
President & Chief Executive Officer
Wentworth-Douglass Hospital
friendly_iconoclast
(15,333 posts)...Partners plans to spend $6.1 billion from fiscal 2020 through fiscal 2024 to stay at the top of the health care food chain, according to the presentation. Spending, in both committed projects and new initiatives, could ultimately be higher, with another $675 million available for the organization...
...In fiscal 2019 alone, revenue from innovation totaled $349 million a 139% increase from fiscal 2018. Apart from general upticks, the health system saw a large bump in fiscal 2019 from the sale of an orthopedic device to Zimmer Biomet (NYSE: ZBH), an Indiana-based medical device company, for $47 million.
At the same time, the organization has saved millions of dollars since fiscal 2017. From fiscal 2017 through fiscal 2019, Partners had saved $424 million through a variety of expense management techniques, including supply chain efficiencies, workflow improvements, a buyout of Brigham employees and other operational efficiencies. The organization hopes to save another $76 million in fiscal 2020.
That strategy has allowed Partners to embark on the next five years on solid footing. The health systems operating income has been trending upward for the past three years, culminating in $485 million in operating income reported in fiscal 2019....
Hoyt
(54,770 posts)Im fine with plowing profits back into facilities, etc.
The nerve of them planning for citizens/patients long-term needs.
friendly_iconoclast
(15,333 posts)...as you don't actually *know* if Partners is providing best care for Medicaid and uninsured patients
https://www.apa.org/science/about/psa/2017/06/system-justification
Is there a nonconscious tendency to defend, bolster and justify aspects of the societal status quo?
https://www.psychologytoday.com/us/blog/without-prejudice/201702/system-justification-why-people-buy-social-inequality
System Justification: Why People Buy Into Social Inequality
friendly_iconoclast
(15,333 posts)...a smaller hospital operated by the city of Boston:
https://en.wikipedia.org/wiki/Boston_Medical_Center
BMC employs 747 physiciansincluding 817 residents and fellowsand 1,583 nurses.
If I wanted to quietly listen to a defense of the indefensible, I'd tune into a Trump presser...
BeckyDem
(8,361 posts)friendly_iconoclast
(15,333 posts)...whenever possible.
BeckyDem
(8,361 posts)The point is her obscene profits. And how she will fight single payer in order To preserve profit.
Single payer will not bankrupt hospitals. It will simply make the obscenely rich leeches a little less rich.
SheltieLover
(57,073 posts)Should be considered criminal imo.
BeckyDem
(8,361 posts)But we allow this to go on and on. Maybe we will finally end it.
This has to stop!
rockfordfile
(8,699 posts)Initech
(100,042 posts)Assholes like this are a dime a dozen anymore.