So all the $$ goes to their CEO's and the other top tier employees.
I googled CEO/hospital/profits and the numbers are outrageous. These are just a few of the entries:
http://healthcarefinancials.wordpress.com/2008/02/01/non-profit-hospitals-and-ceo-salary/Salaries paid to top CEOs at the state’s hospitals grew 95 percent between 2002 and 2006, with some topping $1 million.
Hartford Hospital President and CEO John Meehan made just over $1 million in 2006, up 27 percent from 2002.
The salary of Robert Kiely, CEO of Middlesex Hospital in Middletown, climbed 82 percent, from $511,220 in 2002 to $932,923.
http://www.fiercehealthcare.com/story/upmc-ceo-s-3.95m-pay-draws-attention/2008-05-20In a world where the bar keeps moving higher, it seems that bar has gone up yet again. It looks like University of Pittsburgh Medical Center CEO Jeffrey Romoff was paid almost $3.95 million in total compensation for fiscal 2007, up 19.7 percent from the year before. This can't feel great to board members who now are looking down the barrel of significant 2008 losses
http://www.usatoday.com/news/health/2006-01-04-hospital-profits-usat_x.htmThe nation's hospitals, boosted by a slowdown in expense growth and continued ability to drive a hard bargain with insurers, posted profit margins that reached a six-year high in 2004 — and indications are that 2005 was just as good.
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So nurses have a hard time falling for that hospital line of "healthcare cost is too expensive to hire more nurses"
Funny how cost doesn't seem to factor in what the CEO salaries/bonuses are increasing every year.
The healthcare industry is just as dirty as the auto and bank industry in that respect. Yet when was the last time Congress dragged the hospital CEO's in and questioned them?The one loophole that has to be addressed is if the nurse/pt ratio is addressed, the hospitals have to be told "and no getting rid of all the respiratory therapists/lab techs/secretaries/nursing aides". Because that would be the hospitals' payback for having to give the nurses a safer workload. As in "you want less patients? Fine, now you get to do everything from answering the phones/drawing ALL bloodwork/respiratory treatments/nursing assistant work". Again, they hide behind the "it's too expensive"..and that is all the public hears til they are convinced that the nurses' patient ratio cost will be passed onto them..we become the bad guys. Meanwhile, CEO fatcat gets a huge increase in his/her salary year after year. THAT doesn't make headlines.
Once the nurse/patient ratio is done is a safe/correct way and there are no loopholes, there is a very good chance (like happened in California per news articles) those nurses that fled the inpatient setting will come back. I think the number I read was a double digit percentage increase in requests for license re-activation per the CA Board of Nursing. People who had let their licenses expire actually WANTED to come back,now that the nurse/patient ratio was safe. Nurses that had kept their licenses but left the inpatient setting also came back.
That return of burnt out nurses would take some of the pressure off of the nursing schools. That is another whole problem in itself. they CAN'T produce new grads because the nursing school instructors have left..they can make a better salary in other fields of nursing. So the second part of fixing the nursing problem is to increase their pay as an incentive to return. They return, the schools get to add classes, more nursing students get to enter nursing school. 2nd biggest problem is then handled.
As far as "we don't want it too easy for people to get in":
They get weeded out pretty quickly once they enter the upper level classes. And if for some reason they don't, remember, nurses have to sit and take the state board test. The slackers that may get thru school, usually don't make it past the board.
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How it needs to start is like I said, Congress needs to bring in the CEO's of various hospitals and healthcare companies and put their salaries AND bonuses on a big screen in the room right after the CEO's whine that the healthcare industry is too expensive already..then show another slide that has the HUGE increase in hosptial profit over the last 8-10 years. Once you start examining the top tier of these insitutions you will see layer upon layer of "vice presidents" who make almost as much as the CEO. Whenever they want to create a new position at a hospital, they slap "Vice president of xxxxxxxx" on their badge. I remember one co worker asking "if the United States only has ONE vice president, WHY does our hospital need 20 of them?".
Sorry to ramble on my soap box. I hope I answered some of your questions.....