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Not Yet Clear What Management Changes Affiliation with Alameda Health System Will Bring to Alameda Hospital

It's clear from the financials why Alameda Hospital wants to hitch itself to Alameda Health System.

It’s clear from the financials why Alameda Hospital wants to hitch itself to Alameda Health System.

Some things became clearer, but some remained fuzzy, about a possible hook-up between Alameda Hospital and Alameda Health System after an Alameda Hospital Community Relations Board meeting earlier this week.

A presentation at the meeting, obtained by Action Alameda News through a public records request, provided a summary of Alameda Health System’s financials for the past three years, showing the East Bay medical consortium realizes about half a billion dollars in revenue each year, and has turned a profit in the past two.

In fiscal year 2012, Alameda Health System reported net income of $14.1 million against net operating revenue of $554.5 million, including $85 million in Alameda County Measure A funds.

It’s unclear, however, what will happen to costly management positions at Alameda Hospital if the deal goes through.

Alameda Hospital CEO Deborah Stebbins has a $342,000 compensation package, including a base salary of $293,550, according to the 2012 Bay Area News Group public employee salary database, available on our salary database page.

CFO Kerry Easthope has a $240,000 compensation package ($194,293 base salary) and Brian Jung, Chief Business Development Officer, has a $157,000 compensation package ($143,650 base salary). All three are supported by a common executive assistant.

The proposed term sheet to tie Alameda Hospital to Alameda Health System indicates that the “Alameda Healthcare District shall delegate to Alameda Health System the possession of, and the ongoing responsibilities for licensure, control, governance, operation, administration, financial management and maintenance of Alameda Hospital.”

Asked if the delegation of operation, administration and financial management of Alameda Hospital to Alameda Health System meant the elimination of some or all of these high-level six-figure jobs at Alameda Hospital, a hospital spokesperson replied by email, “The specifics of management positions at Alameda Hospital after transition of operations to AHS have not yet been discussed in detail and no decisions have been made between the two organizations.”

Calls and e-mails on the same topic to a media relations representative at Alameda Health System were not returned by end-of-day yesterday.

The hospital is holding a public forum on the proposed tie-up tonight at Alameda Hospital, 2070 Clinton Avenue, Alameda, CA 94501, in the Dal Cielo Conference Room, at 6:30 p.m.

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