Here are five things to know:
1. A U.S. Securities and Exchange Commission filing shows Humana will pay Mr. Murray $1.29 million, which equates to 19 months of his annual base salary.
2. If Mr. Murray maintains his noncompete and confidentiality agreements until Dec. 31, 2018, he could receive a $646,000 lump-sum payment. This payment is equal to nine months of his annual base salary.
3. In sum, Humana could pay Mr. Murray $1.94 million.
4. Louisville Business First reports Mr. Murray’s total compensation was $3.65 million in 2016, up from $1.2 million in 2015. He had a $678,000 bonus last year.
5. Humana representatives did not comment to Louisville Business First regarding Mr. Murray’s payments.
More articles on coding, billing and collections:
Iowa Medicaid bailout could cost US taxpayers $225M: 3 key notes
70% of physicians still unprepared to face MACRA alone: 5 key notes
Will Anthem really leave the ACA insurance exchanges? 5 key notes
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
