Nonprofit Healthcare Group Increases Executives’ Salaries

According to statements filed with Massachusetts yesterday, Partners HealthCare System reported a third-quarter profit from its hospitals of $54-million, reports The Boston Globe. The health system also reported significant raises for several of its key executives, according to the newspaper.

Partners Healthcare officials said the raises were intended to retain the “physician leaders” and keep them from being recruited to other parts of the country.

Gary Gottlieb, president of Brigham and Women’s, earned $1.19-million, an increase of almost 16 percent. Peter Slavin, president of Massachusetts General, earned $1.17-million, an 11.6 percent raise from the previous year.

The system’s top earner was Lawrence H. Cohn, a cardiac surgeon at Brigham and Women’s, who earned $3.1-million in 2007 and whose annual compensation went up almost fourfold from the previous year.

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