The article states that over the last year the hospital has seen a drastic reduction in revenue and seen their profit margin cut in half.
The article then states that as a way to compensate, CEO Peggy took a reduction in pay; a whooping $8,000. She went from making $797,000 to $791,000 or a mind-blowing .01%.
How can she be Chief Executive and be at the helm during a time when the hospital saw their revenue and profit margins cut in half (29 million to 14 million) and she only lost .01% in her pay?
The article clearly states that she receives such a handsome salary because the hospital is so successful in profit making, high revenue, recruitment, retention, and patient satisfaction. However, as we all know, the hospital has lost revenue, they have lost profit, patients are NOT happy, and they can't recruit and retain enough employees to fully staff the hospital.
Why does everyone else suffer financially and psychologically while CEO Peggy only gets a .01% reduction in pay? Charitable Contributions to the Community:
What's the last thing you can remember PRMC, the Board, or Peggy doing to better the community? The answer is NOTHING! And according to the article, the Board and Peggy think that is just fine. PRMC doesn't care about the community.
PRMC claims taking care of patients and employing 3,000+ employees is charity. Dearest PRMC nurse, you are a "charity case" according to your Chief Executive.
Peggy received the 14th highest rate of pay across the state hospitals while PRMC was 4th worst for charitable contributions to the community.
(This is important):
And I will have you know; the majority of "charitable contributions" from PRMC are funded directly by the employees through voluntary payroll deductions and contributions that are rounded up by PRMC and donated solely in the name of PRMC. The charitable contributions are at no expense to PRMC!
PRMC does NOT care about the community. Did you know, if you are there visiting a family member who was just involved in a major car accident and, you spend hours upon hours at your family member's bedside that the hospital will feed you BUT, they will add a $7 fee to your family member's hospital bill? That is completely true. In closing, PRMC claims to offer an outstanding product by claiming to be the BEST REGIONAL HOSPITAL ON MARYLAND'S EASTERN SHORE. They will throw that around like it is going out of style BUT, did you know, PRMC is the ONLY regional hospital on Maryland's Eastern Shore? (The other hospitals on the Eastern Shore are NOT considered REGIONAL hospitals. They are called community hospitals.)
PRMC claimed to be one of the best 100 hospitals in the country BUT, did you know, PRMC had to pay hundreds of thousands of dollars to say that. They PAID HealthGrades to say that.
The Junior Board at PRMC claims to operate solely to raise funds for the ER. I beg you to ask an ER employee, where has the Junior Board money gone? Their answer will be, "I don't know!" Simply because, it doesn't go to the ER!
Did you know that people, companies, and organizations do make charitable contributions to PRMC? Did you know that every penny (and then some) is spent on paying Peggy's salary? They move money around and say the money is going to upgrading the Operating Room or Emergency Room BUT every single penny that is donated to PRMC by the people who live and work here is ALL spent on paying Peggy. PRMC received $173,000 in contributions, Peggy received $797,000 in pay. EVERY penny donated went into Peggy's pocket!The bottom line: Peggy only sees PRMC as a way to line her pockets with cash. She doesn't care about the community or charities. Regardless of what the article says, her pay is not based on performance. And finally the employees and patients are NOT happy.
Save your money, save your life, do not make PRMC your choice for healthcare.
I'm going elsewhere