Issue link: https://beckershealthcare.uberflip.com/i/1003496
40 POPULATION HEALTH 40 CEO/STRATEGY 17 of the highest- paid CEOs in healthcare By Alyssa Rege T he CEOs of Nashville, Tenn.-based HCA Health- care, Dallas-based Tenet Healthcare and Deer- field, Ill.-based Walgreens Boots Alliance re- ceived some of the highest compensation rates among chief executives of larger U.S. companies, according to a survey by Equilar. e annual Equilar 100 examines CEO compensation at some of the nation's largest companies by revenue for fiscal year 2017. e 100-company study includes busi- nesses that filed annual proxy statements before March 31. Equilar is scheduled to publish its annual Equilar 200 study in conjunction with e New York Times later in 2018 aer more companies file their executive com- pensation data. Here is how much 17 healthcare CEOs received in com- pensation during fiscal year 2017, according to Equilar. 6. Ian Read (Pfizer) — $26.17 million 9. Michael F. Neidorff (Centene) — $25.26 million 10. Alex Gorsky (Johnson & Johnson) — $22.84 mil- lion 20. Joseph M. Zubretsky (Molina Healthcare) — $19.74 million 22. Richard A. Gonzalez (AbbVie) — $19.13 million 24. Giovanni Caforio (Bristol Myers-Squibb) — $18.69 million 34. David M. Cordani (Cigna) — $17.55 million 47. Timothy Wentworth (Express Scripts) — $15.90 million 51. Miles D. White (Abbott Laboratories) — $15.62 million 53. John F. Milligan (Gilead Sciences) — $15.44 million 56. Bruce D. Broussard (Humana) — $14.87 million 62. Stefano Pessina (Walgreens) — $14.67 million 63. David A. Ricks (Eli Lilly) — $14.50 million 66. R. Milton Johnson (HCA Healthcare) — $13.71 million 83. George S. Barrett (Cardinal Health) — $10.99 mil- lion 86. Steven H. Collis (AmerisourceBergen) — $9.91 million 99. Ron A. Rittenmeyer (Tenet Healthcare) — $3.65 million n CHS lays off more than 70 corporate employees By Ayla Ellison F ranklin, Tenn.-based Community Health Systems laid off more than 70 corporate employees in April, sources inside the compa- ny told the Nashville Business Journal. The layoffs, which began April 9, affected employees in the company's information services department and at least one vice president, ac- cording to the report. The layoffs come as CHS is taking steps to improve its financial picture and lighten its debt load. The company put a turnaround plan into place in 2016 and announced plans in 2017 to sell off 30 hospitals. After CHS completed the divestiture plan Nov. 1, the company said it intends to sell another group of hospitals with combined revenue of $2 billion to further reduce its debt. In April, CHS completed the sale of Bayfront Health Dade City (Fla.), and the company has several other deals in the works. CHS signed de- finitive agreements earlier this year to sell four hospitals in Tennessee and one in Louisiana. With the help of proceeds from the hospital sales, CHS brought down its long-term debt load from $14.8 billion at the end of 2016 to $13.9 billion at the end of last year. The company ended 2017 with a net loss of $2 billion on revenues of $3.1 billion. That's compared to 2016, when CHS recorded a net loss of $220 million on revenues of $4.5 billion. n Ex-Best Buy CEO quits Mayo Clinic board: 4 things to know By Ayla Ellison F ormer Best Buy CEO Brad Anderson resigned from the board of Mayo Clinic in Rochester, Minn., after he confirmed he donated $25,000 in 2016 to Secure America Now, a conservative group that circulated inflammatory anti-Muslim ads before the 2016 election, according to Minnesota Public Radio News. Here are four things to know. 1. On April 5, the Center for Responsive Politics' OpenSecrets blog first reported Mr. Anderson and an organization linked to Best Buy founder Richard Schulze each donated $25,000 to Secure America Now in 2016. 2. After the controversy surfaced, a Mayo Clinic spokesperson con- firmed Mr. Anderson resigned from the Mayo board of trustees, and Mayo accepted his resignation, according to the report. 3. In an interview April 5 with MPR News, Mr. Anderson said he con- tributed the funds to Secure America Now after meeting with the or- ganization's president multiple times. Mr. Anderson said they primarily discussed the security of Israel during the meetings. 4. Mr. Anderson told MPR News he first learned April 5 that Secure America Now distributed inflammatory anti-Muslim videos. He said he would not have contributed to the organization had he known about the videos. n