Thread regarding Ascension Health layoffs

You can say that again...

• "Nonprofit hospital executives have enriched themselves while fueling a crisis

of health care affordability."

• "North Carolina's nine largest hospital systems paid highly compensated executives more than $1.75 billion from 2010 to 2021."

• "Almost 20% of that hospital executive pay was captured by a small handful

of hospital chief executive officers (CEO), who collectively took home $308.8
million over 12 years."

• "Existing research has gravely underestimated the growth of wage inequity across non-

profit hospitals."

• "This report finds that most nonprofit hospital CEOs doubled their pay-checks in five years or less — half the time previously thought."

• "Prior research did not account for personnel turnover, a missing link that inadvertently concealed an EXPLOSION in HOSPITAL CEO PAY.

https://www.shpnc.org/nonprofit-hospital-executive-pay-report/download?attachment

That’s an entire rabbit hole and Capponi definitely abused St Vincent. No way in he-l should someone be making $2 mil off of a “charity” based organization. This is disgusting 🤢

If you look more closely at the form 990s (hospital tax returns) going back five years, you can find even more INCREDIBLE abuses of the system.

https://projects.propublica.org/nonprofits/

https://projects.propublica.org/nonprofits/organizations/453358926