‘Model practices,’ excessive pay reported at Floyd hospital
Floyd County’s medical center exhibits some “model practices” in indigent care and strong community outreach, a statewide consumer group reported today.
But CEO Kurt Stuenkel makes a salary comparable to some Fortune 500 executives, and the hospital charges huge mark-ups on some services and products, Georgia Watch said in the latest installment of its Hospital Accountability Project.
The average markup is 285 percent, Georgia Watch said. Markups reached almost 2,500 percent for anesthesiology; in FY 2007, patients were charged $13.6 million for anesthesiology that only cost the hospital $554,000.