Mark Curnutte Cincinnati Enquirer Published 3:56 PM EST Nov 9, 2018 The United Way of Greater Cincinnati is still staggering, one week after the racially-tinged resignations of its CEO and board chair. Before the high-profile departures of Michael Johnson and long-time volunteer Julia Poston, the 103-year-old organization already was reeling from an unprecedented projected shortfall in its annual fall drive. The most ambitious outlook for the campaign, which will end Wednesday, puts the final tally at $52 million – a 15-percent drop from last year's total of $60.05 million. "Last week made for a perfect storm of crisis for our community and for our United Way," said interim CEO Ross Meyer, who replaced Johnson, the first African-American to lead the organization who lasted less than four months on the job. MORE: United Way board chair resigns in wake of CEO's departure MORE: Black leaders want United Way board chair ousted MORE: CEO, United Way to … [Read more...] about CEO departure, funding troubles create ‘perfect storm’ for United Way
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- Longtime industry entrepreneurs and operators sign on as award winning medical technology innovator accelerates expansion - SAN FRANCISCO, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Vascular access technology innovator Velano Vascular today welcomed Safeguard Scientifics Healthcare Managing Director, Gary Kurtzman, MD and seasoned Chief Executive Officer and former hospital system Chief Operating Officer David R. Strand to its Board of Directors. Together, the two add more than 50 years of collective experience in healthcare innovation and investing to the company’s leadership as it scales to combat the urgent challenge of vascular access globally. /EIN News/ -- More than one billion inpatient blood draws occur around the world every year, informing nearly 70% of all medical decisions. However, the rising incidence of aging, obesity and chronic illness is making venous access more difficult and less efficient. These patients, known as Difficult Venous Access (DVA), represent more than … [Read more...] about Velano Vascular Adds Healthcare Veterans David R. Strand and Dr. Gary Kurtzman to Board of Directors
Annual salary increases for nonprofit CEOs rising to level not seen since before Great RecessionMedian salary increases for highest-paid local executives were 4.6 percent in 2016, according to Crain's compensation surveyHigh turnover, hot job market spurring competition, higher pay Getty Images/iStockphoto Photos: Top-paid nonprofit CEOs by category Here are Southest Michigan's top-paid nonprofit CEOs by category. Arts and culture: Dominic DimarcoPresident, Cranbrook Educational Community2016 total compensation: $509,387Dimarco was the top-paid arts and culture executive in the region in 2016. In addition to overseeing the pre-K through 12 college preparatory schools on Cranbrook’s Bloomeld Hills campus, he provides oversight of the Cranbrook Academy of Art and Art Museum, Cranbrook Institute of Science and Cranbrook House and Gardens. He received a 1.2 percent base pay increase in … [Read more...] about Nonprofit CEOs’ paychecks grow most quickly since recession
Last Updated Nov 4, 2009 6:08 PM EST Tenet Sees Silk Purse in Sow's Ear - Tenet Healthcare lost $3 million in the third quarter, compared to a $103 million gain in the prior-year period. The for-profit hospital chain also saw its bad debt jump to $190 million for the quarter, 17 percent more than in the third quarter of 2008. Admissions are down, and fewer patients are paying their copays. But, excluding discontinued operations, writedowns, and other items, the company still posted earnings of 3 cents a share, and Tenet CEO Trevor Fetter noted that employee turnover has declined as a result of the recession. Well, it's good to hear somebody is benefiting from the economic crash. [Sources: Dallas Morning News, Wall Street Journal] Revolt Against AAFP's Coke Deal - Some family physicians are upset about the AAFP's agreement with Coca-Cola, under which the medical society will promote Coke's soft drinks as part of a healthy lifestyle in return for sponsorship of the AAFP's health and … [Read more...] about Healthcare Roundup: Tenet Loses $3M, AAFP-Coke Deal Draws Protests, Device Makers Restricted, and More
Hospital executives in Arizona may have to learn to live on what the person running America earns, should voters approve a ballot initiative in the Copper State in November. The measure, backed by the Service Employees International Union-United Healthcare Workers West (SEIU-UHW), would cap total pay for executives, administrators and managers of health care facilities to an annual salary equivalent to that of the U.S. president, a position that currently pays $450,000. If enacted, the proposal would conceivably mean a stiff cut in pay for hospital executives, who seven years ago were making an average of $600,000 at nonprofit facilities across the U.S., according to a study published in the medical journal JAMA Internal Medicine. Calling the compensation "inconsistent with the provision of high-quality, affordable medical care," the proposed Arizona amendment argues that executive pay diverts funds that could otherwise be used to "expand access to affordable medical care for all … [Read more...] about Should hospital CEOs make more than America’s president?