Median nonprofit CEO pay in Minnesota jumps 25% in compensation comeback
Non-financial measures should be part of the conversation when setting CEO pay, said Dr. Vikas Saini, president of the Lown Institute, a Massachusetts-based group that evaluates executive compensation, but there's virtually no public information on exactly how nonprofits grade their CEO's performance on things like quality, safety and patient experience. More
Nonprofit hospitals have an obligation to help their communities, but the people who live nearby may see little benefit
In terms of “how well hospitals invest in community health,” a health-focused think tank, the Lown Institute, graded our three hospitals as average: Hartford Hospital earned a B grade, and the University of Colorado Hospital and the vaunted Cleveland Clinic both earned a C. More
How do Mass. academic medical centers stack up?
Academic medical centers in Massachusetts are often ranked among the best in the nation, but data gathered by the Lown Institute of Needham suggests they lag behind their peers nationally in several key categories. More
Columbia’s Sex Abuse Cover-Up Tops This Year’s Shkreli Awards
A top New York hospital that long shielded an ob/gyn from complaints of sexual abuse and a large non-profit Catholic health system that paid its CEO $35.5 million for one year topped this year's "Shkreli awards' More
10 healthcare names get Shkreli Awards for bad behavior
The 7th Annual list contains the "most egregious examples of profiteering and dysfunction in healthcare," decided by a panel of 19 judges who are patient activists, clinicians, health policy experts and journalists. The awards are organized by Lown Institute, a nonpartisan think tank that measures hospitals' and health systems' social responsibility. "When you see all these stories in one place, they stop being anecdotes and start to tell a bigger story," Vikas Saini, MD, president of the Lown Institute, said. "The need for more fairness and integrity in U.S. healthcare couldn't be clearer." More
Report: Texas Hospitals Use Too Many Stents
Texas is home to three of the ten U.S. hospitals that overuse stents the most, according to new research from The Lown Institute. The costly procedure is unnecessarily performed every seven minutes, and UT Southwestern’s Clements University Hospital is among the facilities that overuse stents the most. More
10 hospitals with the lowest rate of stent overuse: Lown Institute
A new report from the Lown Institute finds that hospitals' unnecessary coronary stent use costs Medicare $800 million a year. More
US Taxpayers Spend Over $800million A YEAR On Unnecessary Heart Stents, Report Finds
Stents are small mesh tubes inserted into weak or narrow arteries and other passageways to keep them open in patients with coronary artery disease, widen arteries clogged with plaque, and keep blood flowing. The new report estimated that one in five stents implanted between 2019 and 2021 were unnecessary because the patient was not at high risk for a heart attack, the Lown Institute, an independent research firm, found.
Taxpayers Spent Over $800 Million For Unnecessary Coronary Stents A Year, Report Finds
Unnecessary coronary stents cost taxpayers $800 million yearly: study
By the numbers: Hospitals placed about 1 million stents in Medicare beneficiaries between 2019 and 2021, and more than 1 in 5 met the criteria for overuse, according to the Lown Institute, a health care think tank. More
Recent developments of interest in cardiovascular medicine
One Texas hospital has over half of stents placed meeting criteria for overuseopens in a new tab or window, according to the nationwide ranking in a report from the Lown Institute. More
Hospitals’ unnecessary stent use costs Medicare $800M a year
"The frequency at which stents are overused shows that many physicians are struggling to keep up with the evidence," Vikas Sani, MD, cardiologist and president of the Lown Institute, said in an Oct. 31 news release. "To be socially responsible, hospitals need to take a more active role in reducing these unnecessary procedures." More
Stents are costly, overused: study
The researchers said the unnecessary procedures aren’t only costly for Medicare but can also run a patient around $1,600, with Medicare paying the remaining roughly $9,000. Stent procedures also run the risk of tears in the artery, blood clots and kidney damage, according to the report. More
‘More dangerous than useful’: 1 in 5 coronary stents implanted by cardiologists are unnecessary, wasting $800M per year
“When physicians continue a practice despite the evidence against it, it becomes more dangerous than useful.” cardiologist Vikas Saini, MD, president of the Lown Institute, said in statement. “The overuse of stents is incredibly wasteful and puts hundreds of thousands of patients in harm’s way.” More
Unnecessary stents can cost Medicare $800 million a year, new analysis estimates
A report out today from the Lown Institute says unnecessary use of coronary stents could cost Medicare an estimated $800 million a year. Looking at more than 1,700 hospitals and outpatient centers, the think tank determined more than 1 in 5 procedures from 2019 through 2021 met criteria for overuse. More
Once every seven minutes, a Medicare patient gets a coronary stent they don’t need, report says.
More than one in five coronary stents doctors placed in Medicare patients from 2019 through 2022 weren't needed; and they cost the federal health program and beneficiaries about $2.4 billion, according to the analysis by Lown Institute, a nonprofit think tank. More
Nonprofit Health System Ends Practice of Denying Care to Patients in Debt
Allina Health owns 13 hospitals and more than 90 clinics in Minnesota and Wisconsin. Its nonprofit status enabled Allina to avoid roughly $266 million in state, local and federal taxes in 2020, according to the Lown Institute, a think tank that studies health care. More
Not-for-profit CommonSpirit Health paid its CEO $35 million in 2021
“The distinction between not-for-profit and for-profit — certainly in health care and certainly in relationship to hospitals — is negligible or nonexistent,” said Vikas Saini, president of the Lown Institute, a nonpartisan think tank that publishes data on hospital CEO pay and community benefit spending. “This, I think, is additional evidence of that.” More
Dallas’ Most Socially Responsible Hospital
The Lown Hospital Index for Social Responsibility analyzed facility's outcomes, value of care, and health equity. More