- Numerous Massachusetts hospital leaders saw their compensation packages grow faster than overall health spending in the state in 2014, the Boston Globe reported.
- The newly released data came from IRS filings provided by nonprofit organizations with a delay of almost two years.
- The biggest package went to Brigham and Women’s Hospital president Elizabeth G. Nabel, who received compensation worth a total of $5.4 million in 2014, for an increase of 119% from her $2.5 million compensation in 2013. The difference was primarily due to Nabel's deferred compensation in 2014, because she vested that year in a retirement plan from corporate parent Partners HealthCare, the largest hospital network in the state.
Numerous other hospital executives around the state saw their 2014 pay packages go up from anywhere between 7% and 70%, the Globe reported. Meanwhile, overall healthcare spending in Massachusetts rose 4.8% that year--significantly less than executive compensation, but more than the state's 3.6% targeted limit.
Former Partners chief executive Gary L. Gottlieb received a 19% compensation boost that year to $3.1 million, though the company noted two other executives saw their totals go down as a result of changes in retirement vesting amounts.
A statement from Partners board chairman Edward P. Lawrence responded, “We must provide competitive wages and benefits in order to attract and retain the best individuals at a time when healthcare is undergoing sweeping change. The competition for excellent managers and leaders is especially strong at this time.”
Other reported compensation increases in 2014 included:
- Howard R. Grant, president of Lahey Health System in Burlington: 29% to $2.2 million;
- Kevin Tabb, president of Beth Israel Deaconess Medical Center in Boston: 7.1% to $1.5 million;
- Kathleen E. Walsh, president of Boston Medical Center: 7.6% to $1.4 million;
- Michael Wagner, president of Tufts Medical Center in Boston: 70% to $1 million;
- Sandra Fenwick, president of Boston Children’s Hospital: 41% to $1.7 million;
- Edward J. Benz Jr., president of Dana-Farber Cancer Institute in Boston: 7.1% to $1.5 million;
- Eric Dickson, chief executive of UMass Memorial Health Care in Worcester: 41% to $1.6 million; and
- Patrick Muldoon, president of UMass Memorial Medical Center: 58% to $1.1 million.