Running head: DB5 1
Discussion Board Forum 5
Jessica Fisher
Liberty University BUSI 646
July 25, 2019
Professor Dr. Colleen McLaughlin
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Health Care Employee Benefits
IRS Form 990
The purpose of the IRS Form 990 is for the government and public to gain information on
the activities of a non-profit organization was involved in each year (Weltman, 2019, para. 1).
This form is also used by the government to prevent organizations from abusing the system as a
tax-exempt status, such as hospitals and other health care organizations.
CEO Responsibility Comparison
According to the Bureau of Labor Statistics, the average salary of a hospital administrator
is $98,350 (Stenson, 2018, para. 1). Going even further up the ladder for health care careers, the
salary range for a chief executive officer (CEO) of a non-profit hospital or health care
organization has seen an increase of approximately 93% since 2005 (Bryant, 2018). What is the
reason for this increase? Is it acceptable and reasonable for CEOs to much such a large salary
compared to other health care professionals? There are many that think CEOs of hospitals and
health care organizations, both profit and non-profit, are paid too much and receive more than the
necessary amount of benefits. However, this could not be further from the truth. The position of
CEO of a hospital is extremely grueling and stressful, with long hours spent at the hospital away
from family. Not only does the CEO have to maintain a steady workflow with all employees
within the hospital, they also have to take into account the volunteers that may come by, as well
as any vendors or medical device representatives. Additionally, the CEO must focus on patients
that are being treated by these employees and staff, keeping the patient’s safety and satisfaction
of treatment in the forefront of their minds. This is not an easy thing to do, especially in larger
hospitals, because there are so many people they must keep track of. “If CEO influence is a
primary determinant of CEO compensation, powerful CEOs should negotiate for implicit
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contracts to obtain excessive compensation” (Song & Wan, 2017, p. 542). The salary of a CEO
should be reflected by their work ethic and satisfaction of employees and patients of the hospital.
If a CEO is bringing in positive changes to improve the hospital with an over-all satisfaction rate,
they deserve a higher salary than those who are meeting the bare minimum.
Responsibility Comparison
Over the last six years, I have been exposed to a multitude of medical careers. While
serving in the Navy, I went through boot camp and training as a Hospital Corpsman. Once I had
completed the training and education portion of Corps School, I graduated at the top of my class
and was allowed to choose which orders I wanted next before 90% of my fellow Sailors. From
there, I went through another year of education and training to become a surgical technologist
and was stationed at a large hospital. Upon my arrival, I was one of over fifty surgical
technologists, starting all over again at the bottom. However, I worked my way up and after a
certain amount of time passed, I became the lead surgical technologist of the Labor and Delivery
surgical services, as well as the Trauma surgical team. Through each of these phases of my
career, I worked with different Sailors at different levels and had to take on new responsibilities
each time. As my ranking went up, so did my pay, and more responsibilities were handed to me,
all because of the prior experience and training I had been through that got me to that point.
Since then, I have learned how to lead a large group people at one time, both in the hospital
setting as well as out in the field. With this training and knowledge, I chose to go back to school
to earn my Master’s degree in Health Care Management, in hopes that one day I will become a
board member of a hospital, or even CEO. I have seen firsthand how difficult these jobs can be
and how much the stress of this career path can take on a person. However, I believe that board
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members must have a compatible working relationship in order to determine the fates of CEOs
and other employees, especially when it comes to salary and benefits.
Biblical Integration
“Let no one despise you for your youth, but set the believers an example in speech, in
conduct, in love, in faith, in purity” (1 Timothy 4:12, ECV). As the CEO of a hospital, it is
important to remember that all eyes are on you, at all times. Other employees look to the CEO
for guidance, advice, intelligence, and even admiration. Setting a good example for these
employees to follow is crucial for the hospital to run smoothly and efficiently.
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References
Bryant, M. (2018). CEO salaries at non-profit hospitals up 93% since 2005. Retrieved July 25,
2019, from https://www.healthcaredive.com/news/ceo-salaries-at-nonprofit-hospitals-up-
93-since-2005/530353/
Song, W., & Wan, K. (2017). Explicit employment contracts and CEO compensation. Journal of
Corporate Finance, 44, 540-560. Doi:10.1016/j.jcorpfin.2014.11.002
Stenson, P. (2018). How much is a healthcare administration salary? University of Wisconsin
Healthcare Administration, 3(2).
Weltman, B. (2019). The purpose of IRS form 990. Retrieved July 25, 2019, from
https://www.investopedia.com/articles/personal-finance/083115/purpose-irs-form-990.asp
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