Video: Salinas Valley Memorial Hospital — Where Is All the Money Going?

NewsJuly 1, 2016

Every year Salinas Valley homeowners pay $3.5 million in property taxes to support Salinas Valley Memorial Hospital. And every year, the hospital brings in more and more profit.

Salinas Valley Memorial Hospital’s 2015 profit margin was nearly triple the average for California hospitals.

Where is the money going?

See the video below.

Salinas Valley Memorial executives make about seven times the average caregiver and fourteen times the lowest-paid caregiver. CEO Pete Delgado’s salary jumped from $450,000 in 2013 to $622,000 in 2015 — a 38% increase after less than two years on the job.

It’s time for the Salinas Valley Memorial Hospital Board of Directors to stop lavishing huge salaries and benefits on executives at the expense of patient care and services and start investing in the health and well-being of our patients and our community.

Salinas Valley Memorial caregivers are calling for:

• Minimum patient-to-caregiver ratios to ensure patients get the care they need when they need it.

• Proper training for all caregivers.

• Adequate pay and benefits, so that the hospital can recruit and retain experienced caregivers.

• And a ban on subcontracting and a guarantee that good local jobs stay in our community.

Support the Salinas Valley Memorial caregivers who fighting for better care and services.