Here are five observations:
1. Researchers found 279 healthcare company directors were connected with 85 nonprofit academic institutions.
2. These directors had salaries above typical academic clinical earnings, and received an average of $193,000 in annual payments and stock options.
3. Healthcare company directors oversee executive officers, create strategic initiatives and deal with financial decisions, directly tying them to the financial success of the company.
4. No national guideline requires healthcare companies to report payments given to company directors.
5. The study authors suggest these appointments pose individual and institutional conflict of interests.
“There are potential benefits to having greater representation of the non-profit healthcare sector in the corporate board room…,” stated the study authors. “However, these same director qualifications and connections can be the source of conflicting interests.”
Recent articles:
Paving the way for 2016 — The potential undoing of the ACA: 7 key points
A new opening act: Healthcare’s $38B impact on Nashville — 5 takeaways
102M+ patients’ information compromised — 6 major payer data breaches
