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STUNNING: Maimonides Hospital CEO Gets Million Dollar Raise As Hospital Hemorrhages Money, Patients


Maimonides Medical Center will give its CEO and other top hospital officials bonuses in the millions of dollars, despite the medical center’s finances being in disarray and a growing number of patients turning away from the hospital in search of better options.

CEO Kenneth Gibbs’ salary soared from $1.8 million to $3.2 million from 2019 to 2020 – just as COVID wreaked havoc on the hospital and its finances – according to a filing with the IRS, the NY Post reported.

Post sources also questioned how much Gibbs is even involved in the hospital’s operation during the pandemic; he voted absentee from an estate in Old Chatham, NY, rather than from his Manhattan apartment.

Gibbs isn’t the only one raking in the cash as the hospital and its patients suffer from severe staffing shortages and declining care.

Maimonides’ chief of heart surgery, Jacob Shani, received $3.5 million in compensation; Patrick Borgen of the surgery department got $2 million; the chief of cardiothoracic surgery Greg Ribakove was paid $1.8 million; and Robert Frankel and Alex Shaknovich, both cardiologists, were each paid $1.7 million.

A Maimonides spokesperson told the NY Post that the hospital is giving such massive payouts despite “depressed inpatient and outpatient volume as well as increased costs, resulting in a net loss of $64.6 million through Q2 2021, and an operating budget projection of a $19.5 million loss for 2022.”

Meanwhile, the birthing unit at Maimonides, which delivers more babies than any other NYC hospital, is severely understaffed, with a nurse tell the Post that she is sometimes assigned with taking care of 15 babies in a single night.

The New York State Nurses Association last week held a protest outside the hospital decrying staffing shortages and many Boro Park residents are now electing to go to Manhattan for planned surgeries rather than getting them at Maimonides.

A federal government report card has given Maimonides just a 1 star rating out of 5 for patient satisfaction and 2 stars out of 5 for overall care.

(YWN World Headquarters – NYC)



10 Responses

  1. the hospital has gone really downhill in the last 5 years, it also has cut the insurance that most frum used in order to prevent from frum from coming there.

  2. Maybe we should bring this up as a PROTEST with the MMC Board of Directors. Some of them are very decent HEIMISHE people such as Prof. Twersky, Mr. Rebenwurzel, Mr. Leshkowitz etc.

  3. The Klausenberge Rebbe zatzal warned his chassidim many many years ago about the dangers of maimonides hospital. He cautioned them not to go there, claiming that the malach hamaves has a grip on the place. What a visionary!

  4. Must be bribes to stop the Doctors and Admins from speaking out about the unnecessary Ventilator Deaths due to the deliberate withholding of effective early treatments for coronavirus and the Increase in clots and Myocarditis from the shots

  5. “A federal government report card has given Maimonides just a 1 star rating out of 5 for patient satisfaction and 2 stars out of 5 for overall care”

    Yup. How many Frum Yidden were murdered in Maimonides at the beginning of Covid due to starvation???! And yet all our heiligeh askanim still keep on shmecking and lecking these lowlife incompetent garbage. The CEO should be in a prison cell, not collecting millions for sitting on his touchis!

  6. Anyone with some business experience- how does that work fiscally? If an organization is losing money how can the afford to give such large raises? Won’t that accelerate their way to bankruptcy?

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