Concerns over hospital executive pay arose again recently when Reynold J. Jennings, WellStar Health System’s new CEO, received a contract with a base salary of $975,000. But that paycheck doesn’t even rank among the top 10 at non-profit hospitals in Georgia. Published reports show 14 other hospital CEOs earning seven-figure compensation.
Former Thomasville hospital CEO Ken Beverly was convicted of Medicaid fraud on Wednesday, two years after he cashed out with a $6.3 million retirement package. The feds charged Beverly and the hospital’s ex-CFO fabricated records so Archbold could collect more Medicaid money. In doing so, a federal prosecutor said, large pensions were “first and foremost on their minds.”
Former CEO Ken Beverly, who pleaded not guilty last week to Medicaid fraud, walked away from his Thomasville hospital gig in 2008 with a payout of $6.3 million. Plus expenses. A federal grand jury this month accused Beverly, as chief executive of Archbold Medical Center, of falsifying records to con Medicaid out of more than $9 million for his hospital.