News

Pay raises for El Camino executives

CEO, future medical officer to receive higher pay this year

El Camino Hospital's board of directors approved a pay raise for the nonprofit's top staff last week, bumping up the salary of its CEO and chief medical officer (CMO) in back-to-back unanimous decisions following a closed-session meeting.

The board voted to amend the contract of CEO Dan Woods, who was hired last year, increasing his "base" salary from $850,000 to $890,000 for the 2018-19 year, following a study that concluded the board ought to pay its top executive between $876,000 to $1.3 million in order to provide a competitive compensation package.

Along with his salary, Woods is eligible for a sizable bonus through what the hospital calls the "executive performance incentive plan," which allows the board to grant a bonus to the CEO equal to as much as 45 percent of his base salary. These bonuses are typically granted in the fall, with a decision on bonus pay for the 2017-18 year slated for the board's Oct. 10 meeting.

While board members did not comment on the decision in open session, hospital staff reports justify the salary range and adjustments to Woods' salary based on a market review that concluded that salaries for similar positions in the industry had increased by 7.8 percent, requiring the hospital's board to reconsider its executive compensation.

The board also approved a $575,000 base salary for the hospital's CMO, who oversees patient quality and safety, medical staff and physicians at the Mountain View and Los Gatos campuses. While it's still subject to board approval, CEO Dan Woods told board members that El Camino's interim CMO, Mark Adams, has accepted the offer for employment.

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Adams most recently worked in a similar role at at nonprofit health system based in the Pacific Northwest called PeaceHealth, where he oversaw clinical strategies across 10 hospitals. He left the job after less than a year before taking up the interim position at El Camino in April.

Adams would replace former CMO William Faber, who worked at El Camino Hospital for less than two years before resigning and leaving for a consulting job in March.

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Kevin Forestieri is an assistant editor with the Mountain View Voice and The Almanac. He joined the Voice in 2014 and has reported on schools, housing, crime and health. Read more >>

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Pay raises for El Camino executives

CEO, future medical officer to receive higher pay this year

by / Mountain View Voice

Uploaded: Tue, Aug 28, 2018, 11:00 am

El Camino Hospital's board of directors approved a pay raise for the nonprofit's top staff last week, bumping up the salary of its CEO and chief medical officer (CMO) in back-to-back unanimous decisions following a closed-session meeting.

The board voted to amend the contract of CEO Dan Woods, who was hired last year, increasing his "base" salary from $850,000 to $890,000 for the 2018-19 year, following a study that concluded the board ought to pay its top executive between $876,000 to $1.3 million in order to provide a competitive compensation package.

Along with his salary, Woods is eligible for a sizable bonus through what the hospital calls the "executive performance incentive plan," which allows the board to grant a bonus to the CEO equal to as much as 45 percent of his base salary. These bonuses are typically granted in the fall, with a decision on bonus pay for the 2017-18 year slated for the board's Oct. 10 meeting.

While board members did not comment on the decision in open session, hospital staff reports justify the salary range and adjustments to Woods' salary based on a market review that concluded that salaries for similar positions in the industry had increased by 7.8 percent, requiring the hospital's board to reconsider its executive compensation.

The board also approved a $575,000 base salary for the hospital's CMO, who oversees patient quality and safety, medical staff and physicians at the Mountain View and Los Gatos campuses. While it's still subject to board approval, CEO Dan Woods told board members that El Camino's interim CMO, Mark Adams, has accepted the offer for employment.

Adams most recently worked in a similar role at at nonprofit health system based in the Pacific Northwest called PeaceHealth, where he oversaw clinical strategies across 10 hospitals. He left the job after less than a year before taking up the interim position at El Camino in April.

Adams would replace former CMO William Faber, who worked at El Camino Hospital for less than two years before resigning and leaving for a consulting job in March.

Comments

Robyn
another community
on Aug 28, 2018 at 2:45 pm
Robyn, another community
on Aug 28, 2018 at 2:45 pm

This is scandalous.
What exactly do they do to earn that money from residents?
It was a few years ago that a $700,00 loan to a doctor was written off.
Meanwhile our insurance premiums soar.


Bill
Rex Manor
on Aug 29, 2018 at 8:35 pm
Bill, Rex Manor
on Aug 29, 2018 at 8:35 pm

The insurance industry allows billing and labor costs for all types of medical labor specialists to grow at a rate much faster than cost of living. Billing overcharges to patients and drug costs are wrecking family finances. The labors unions want more of the overly rich business of the health care industry. Obamacare is a great place to be for insurance companies, large hospital networks and doctors to get rich. It is all out of control for patients and even with a good health care plan you can end up very poor very quickly.


KWL
another community
on Sep 5, 2018 at 1:35 pm
KWL, another community
on Sep 5, 2018 at 1:35 pm

@Robyn. What do they do to earn that money? Good question! The police chiefs, fire chiefs, district attorneys for San Jose and San Francisco, the governor, don’t ‘earn’ that kind of money.

@Bill. Labor unions do not represent the executives or board members. Nurses salaries are driven by market conditions. The lowest paid workers got raises of 3% last year. Two Hospital Board seats will be open this year. You can always show up at board meetings and voice your opinion and please vote (the League of Women Voters usually have a candidate forum for hospital board positions).


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