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His salary at Optum is not known, but it is safe to imagine that it is more than he was making at Mayo Clinic. Did you know laughter releases endorphins and reduces your stress levels? 'An ever-spiraling upward cycle': nonprofit hospital CEOs paid 8 times A second spokeswoman said that Mayo Clinic executives have had their pay cut. In an industry facing significant financial pressures as well as staffing challenges, Mayo Clinic staff have stepped up to meet the evolving needs of patients while living Mayo Clinic values every day. More . Explore Health Care Careers By Salary - Mayo Clinic College of Medicine The other four -- CEO Dr. Gianrico Farrugia, CAO Jeff Bolton, Dr. Joshua Murphy and Chris Gade -- do not have a vote and are excluded from discussions about compensation and the CEO evaluation. They said pay cuts and furloughs made it even harder for members of the medical staff to do their jobs, forcing them to treat more patients in less time. The committee reviews salaries at comparable medical systems and then pegs Mayo Clinic's salaries near the median. [16] He also oversaw Mayo Clinic's launch of its Destination Medical Center, a 20-year $5.6 billion economic development initiative. A research study titled "The Growing Executive-Physician Wage Gap in Major US Nonprofit Hospitals and Burden of Nonclinical Workers on the US Healthcare System" found that, for the decade between 2005 and 2015, mean salaries of health care chief executives increased by 11% and management workers salaries grew by 14%. The organization focuses on providing medical care in rural communities in Minnesota, Iowa, and Wisconsin. It would be nice if it were remote. Dr. Clark C. Otley - $1.04 million. More than four decades ago, Mayo Clinic implemented a salary-only . "It appears unlikely to us that the near-doubling of mean compensation to hospital executives is justified by the value added by their work.". Industry officials argue that furloughs and pay reductions allow hospitals to keep providing essential services at a time when the pandemic has gutted their revenue. Gianrico Farrugia, Mayo Clinic: Profile and Biography The annual salary increases for MNA nurses generally range from 2.25% to 3%, depending on the contract. All Rights Reserved. * 17. Cons. Javon Bea, CEO of Javon Bea Hospital and Rochester developer, received $9.36 million from his much smaller health system in 2018. The Mayo Clinic Executive Team is rated a "C" and led by CEO Dr. Gianrico Farrugia. $1 million to the Blue Zones Jacksonville project, which will work with community partners over the next six years to improve health and well-being through care access, equity and inclusion, treating chronic disease and mental illness, and promoting healthy lifestyles in Jacksonville, Florida.