For the guy who just opened a $300 bill from Lancaster General Health for five minutes worth of blood work, the six- and seven-figure compensation for top LGH officials may be enough to get that blood boiling.
But LGH’s compensation appears to be in line with industry standards. In fact, you might make a case that Lancaster General President and CEO Tom Beeman is underpaid.
To put LGH compensation in context, Lancaster Newspapers compared it with compensation at five regional hospitals or health systems about the same size as Lancaster General: Wellspan Health, in York County; Pinnacle Health, in Dauphin County; Reading Health, in Berks County; Lehigh Valley Health, in Lehigh County; and the Milton S. Hershey Medical Center, also in Dauphin County.
The figures show that Beeman got less than the top executives at four of the five comparable institutions.
In 2010, Beeman made $1.35 million in total compensation.
Community Colleges are a great alternative to four-year institutions because of the price differential and flexibility they offer. For a fraction of the cost associated with traditional four-year institutions, students can work full-time and attend classes around their busy schedules for a substantially lower cost per credit hour.
HACC’s York College branch has seen tremendous growth. The York campus saw a 34% increase in enrollment between 2008 and 2009. Enrollment stands and 2,900 students, which is up 5% since the Spring 2010 semester. There is competition in the York market for college students. York College, Penn State York and nearby Millersville University already compete for students. To have the student body swell to nearly 3,000 students in only 8 years demonstrates a need in the York market for affordable education.
The York branch is the fastest growing campus in the HACC family. HACC has campuses in Harrisburg, Gettysburg, Lebanon, Lancaster and York as well as a Virtual Campus. There are more than 23,000 students are enrolled at HAAC’S five brick and mortar campuses and over 5,300 at the Virtual Campus (online courses).
The 7,100-square-foot Kings Mill Depot is now open to any for-profit corporations in the start-up phase, small businesses entering a growth phase or existing companies launching new projects. The best part is that the incubator is for firms dealing with technology, health care, sciences or engineering. The incubator is all about creating good paying jobs that have a high growth potential. Lord knows Pennsylvania needs decent paying jobs that will support families!
Applications are being accepted through the J.D. Brown Center for Entrepreneurship at York College. Faculty, staff and students are available to help with business development!
Contact Jeff Vermeulen at (717) 815-6639 if your firm would like to take advantage of the awesome opportunity!
The Pennsylvania Redevelopment Assistance Capital Program is going to receive just that, an infusion of capital that will make three York County projects possible. Approval has been given for the sale of $650 million dollars in bonds by Pennsylvania Treasurer, Rob McCord.
The Northwest Triangle project is waiting on a $7.5 million dollar grant to demolish buildings and make way for new construction. For more information on the Northwest Triangle, you can read my post on this very large brownfield redevelopment project in York City.