A family practice physician at Delta Memorial Hospital cleared more than $830,000 during the fiscal year that ended in 2011, making him one of the highest paid nonprofit hospital-employed physicians in the state, according to Mark Friedman’s Arkansas Business story reprinted here courtesy of Arkansas Business:
A general surgeon at Baxter County Regional Medical Center in Mountain Home made nearly $900,000 in 2010. And a family practice doctor at Delta Memorial Hospital in Dumas cleared more than $830,000 during the fiscal year that ended in 2011.
These salary figures come from the hospitals’ Internal Revenue Service 990 tax forms, the tax returns filed by nonprofits and which are open to the public.
In the reports, hospitals have to list the compensation of officers, directors and highest-paid employees.
Not all nonprofit hospitals in Arkansas file separate Form 990s. Arkansas Business recently reviewed the 990s filed by 38 Arkansas hospitals and found a wide range in doctor compensation, which could include deferred compensation, benefits and other allowances.
For a list of the Highest-Paid Physicians at Nonprofit Hospitals click here.
Some tax filings were more detailed than others. Delta Memorial paid Dr. David Chambers $833,251 for the fiscal year that ended June 30, 2011. The filing said he was paid a certain dollar amount for each patient seen at Delta Health Services, a health clinic owned and operated by Delta Memorial. Also included in his pay was $172,500 for his emergency room coverage.
Chambers made more money than the hospital, which reported profit of $542,417 for the fiscal year that ended June 30, 2011. Delta Memorial’s total patient revenue was $28.9 million.
Delta’s administrator, Cris Bolin, didn’t return a call for comment.
The list of highest-paid physicians at nonprofit hospitals shows a disparity between doctors who have the same specialty. An internal medicine doctor made $564,677 at White River Health System in Batesville for the fiscal year that ended Sept. 30, 2010, while another physician with the same specialty made $302,730 at Washington Regional Medical Center in 2009.
Several medical associations told Arkansas Business that there was no formula to determine what a physician should be paid. The Arkansas Hospital Association doesn’t track physician pay at hospitals, Executive Vice President Paul Cunningham said.
Arkansas Business found 30 physicians around the state who received more than $300,000 annually from their hospitals.