Extracted financial data is not available for this tax period, but Form 990 documents are available for download. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $131,893 to $256,645 with the average total cash compensation of $186,565. Guidestar reported that only one . The geographic market may also affect pay. Sign up to get ProPublicas biggest stories delivered straight to your inbox. An analysis published in Health Affairs last year by researchers with Arizona State University's health policy center found no association between hospital CEO compensation and the value scores received by the hospitals they oversee. He is 39. Employees: 499, of whom71 received more than $100,000. The right education, which offers the chance to refine important abilities and acquire technical competencies, is the first step toward becoming the hospitals top executive. Highest paid for hospitals above are based on the highest compensation at that site and doesnt reflect parent organizations. The two exceptions were. Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Instead, Dr. J.B. Silvers, a nationally recognized expert on hospital CEO compensation and professor at Case Western Reserve's business school, insisted that Dr. Boutros is being fairly compensated when compared to his peers. Former hospital CEO. $54,560 / yr. Research Assistant salaries - 84 salaries reported. As with other CEOs, they may receive bonuses, shared profits, or commissions on top of this base salary. 20th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference, 8th Annual Health IT + Digital Health + RCM Conference, 29th Annual Meeting - The Business & Operations of ASCs, Conference Reviewers: Request for More Information, Beckers Digital Health + Health IT Podcast, Becker's Ambulatory Surgery Centers Podcast, Becker's Cardiology + Heart Surgery Podcast, Current Issue - Becker's Clinical Leadership & Infection Control, Past Issues - Becker's Clinical Leadership & Infection Control, Revenue Cycle Management Companies in Healthcare to Know, Hospitals and Health Systems with Great Neurosurgery and Spine Programs, Hospitals and Health Systems with Great Heart Programs, 50 hospitals and health systems with great orthopedic programs headed into 2023, 100 of the largest hospitals and health systems in America | 2023, 60 hospitals and health systems with great oncology programs headed into 2023, 150 top places to work in healthcare | 2019, Texas hospital set to close, asks University Health to take over, 20+ US hospitals among Newsweek's top 100 global hospitals, Nurse impostor treated patients for 15 years, police say, Some innocent nurses may be caught up in degree scheme, 8th Annual Becker's Health IT + Digital Health + RCM Annual Meeting, Average hospital CEO compensation per hour: $130, Ratio of CEO wage to other workers wage: 6:1, Average hospital CEO compensation per hour: $179, Average hospital CEO compensation per hour: $239, Ratio of CEO wage to other workers wage: 8:1, Average hospital CEO compensation per hour: $335, Ratio of CEO wage to other workers wage: 10:1, Average hospital CEO compensation per hour: $517, Ratio of CEO wage to other workers wage: 14:1. These executives frequently hold doctoral degrees, like an MHA or MPH. Here's what hospital CEO's in Cleveland are earning annually : We also reviewed CEO contracts at Ohio's two other public hospitals: Plus, it's not uncommon for hospital CEO's to earn annual bonuses up to 40 percent of their salaries. The average salary of Chief Executive Officer is higher than Hospital Chief Executive Officer. Job Openings for This Role, Salary range for a Hospital Chief Executive Officer, Career Match Pro - Missoula Across all nonprofit hospitals, the average CEO compensation per hour was $249, and the average hourly worker wage was $29. Where Does $100 to Shriners Hospitals Go(2020)? But a check with a federal database of patient satisfaction levels and quality measures at hospitals across the country found MetroHealth fell below the national average. Apply to Administrator, Director of Quality, Chief Executive Officer and more! This includes receiving . Linking and Reprinting Policy. University Specialty Hospital: 184,285: . Cooper University Hospital's mission is to serve, to heal and to educate. Recommends, implements and evaluates approved changes to meet the standards of care ensuring compliance with patient census, including, but not limited to, budgeting, staffing, equipment needs and operating plans. Heidi L. Gartland, MHA, FACHE, CDM. Highest paid: Dr. Craig Thompson, president and CEO, at $2,944,926, including bonus and incentives of $886,016. Average Salaries at University Hospitals Popular Roles Registered Nurse $57,016 per year Screener $27.49 per hour Health Screener $31.27 per hour Nursing Registered Nurse - Operating Room $57,157 per year Home Care Nurse $55,948 per year Medical Technician Medical Assistant $42,739 per year Respiratory Therapist $53,072 per year Please enter the following pay factors for Hospital Chief Executive Officer, to get a real-time salary target. Theyre provided by the Federal Audit Clearinghouse. San Francisco City consistently ranks #1 as of February 27, 2023. Comparing compensation (CEO vs. CFO) reveals that both roles typically have at least a six-figure salary. The worlds best hospitals: 7 are in N.J. Stockton University appoints Southern Connecticut States Joe Bertolino as next president. Eugene Washington, president and CEO of the Duke University Health System, received $2,534,912 in Duke's 2017 fiscal year, according to its 2017 IRS 990. With about 14,000 workers, the regional system is the Rochester areas second-largest employer. Dr. Ashish Jha, one of the studies principal researchers, said "basic elements of quality health care is not something CEO's seem to be using compensation on.". Salaries, other compensation and benefits: $48,111,272. President, University Hospitals Rainbow Babies & Children s and MacDonald Women s hospitals. It has been my honor to work with the incredible team at University Hospital over the last four years and see the amazing progress we have made together as we pursue our vision to partner with our communities to improve health for generations to come, she said. Newark is New Jerseys largest city by population and one of the states most diverse municipalities, she said. Even though these degree programs vary greatly from one another, they all offer the fundamental knowledge and abilities a hospital CEO needs to deliver high-level leadership and guidance. The Internal Revenue Service is substantially delayed in processing and releasing nonprofit filings, so documents available here may not be the most recent an organization has filed. Highest paid: John Federspiel, president (in 2014), at $2,055,377, including in bonus and incentives of $500,000. Copyright 2023 Becker's Healthcare. However, according to Modern Healthcare' 2020 Executive Compensation Survey, hospital CEO median salaries range from about $330,000 to $1.5 million, depending on the hospital's size. The broad experience that a chief executive needs can be obtained by working in many hospital departments. Silvers is also a MetroHealth board member and helped determine Dr. Boutros's salary. At UCHealth, the most compensated executive makes $700,000, annually, and the lowest compensated makes $50,000. Dr. Employees: 829, of whom63 received more than $100,000. Close cooperation with the chief financial officer may be necessary for this. Both Duke and Mission were nonprofit integrated health systems based in North Carolina. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Average hospital CEO compensation per hour: $517 Ratio of CEO wage to other workers wage: 14:1 Among larger hospitals with 400 or more beds, hourly CEO compensation ranged from $88 to. Highest paid: Dr. Bentley Ogoke, anesthesiologist, at $503,335. Salaries, other compensation and benefits: $41,062,490. Nonprofit hospitals in New York pay out billions of dollars in salaries, bonuses and other compensation. Three Rex Hospital doctors make up the rest of the top ten. all earn at least $900k per year, and into the tens of millions for the largest of hospitals and health systems. Hospital CEO Salaries The BLS estimates that as of May 2020, the median annual salary for CEOs in health care and social assistance was $160,950. The board also conducted two listening sessions with stakeholders and community members to hear their input regarding characteristics the ideal candidate would possess. Vision Medical Dental. The team's commitment to Cooper's patients, employees and the community, combined with a focus on fiscal responsibility, has resulted in a strong infrastructure designed to meet today's health care needs while moving toward tomorrow's innovations and breakthroughs. He was paid $240,478 in bonuses and incentives. The tax filings showed WMC Health Systems highest-paid employee was President/CEO Michael Israel. Herns base salary was $765,994 in 2014. I am grateful to the board of directors and community oversight board members for their steadfast partnership as we have worked diligently to further our mission to deliver exceptional care to every patient, every time. , This data release includes only a subset of what can be found in the full Form 990s. University Health System CEO George Hernndez Jr. has been awarded a nearly 7 percent increase in total compensation, marking his fourth consecutive pay raise and bonus in as many years. On the other end of the scale are CEOs of hospitals located in urban areas that teach med students. A chief executive officer (CEO) is often responsible for formulating policies, coming up with long-term strategies, and giving an organization overall direction.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-large-mobile-banner-2','ezslot_13',198,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-large-mobile-banner-2','ezslot_14',198,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0_1');.large-mobile-banner-2-multi-198{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. All Rights Reserved. We have partnered with a large nonprofit health system to assist them in the search for a Chief Executive Officer for their Montana Region. Maples, University Hospital's Chief Legal Officer and Corporate Secretary, has . All Rights Reserved. The analysis revealed a relationship between hospital size and executive compensation. All Rights Reserved. The CEO is in charge of making sure the hospital is financially successful. A recent study published in the Journal of American Medicine found no association between CEO pay and patient care. We began the search for our next president and CEO with several goals and expectations, she said. The CEO is accountable for safe and quality patient care ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 25 days ago, Oak Valley Hospital District - Oakdale Click here to view, Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Of the 20 most highly compensated individuals, 17 (85%) are male and 3 (15%) are female. How much does a Hospital Chief Executive Officer make? Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Chief Executive Officer Texas Counseling Association Austin, Texas Organizational Background Basedhospitals, nursing homes and managed care facilities. Memorial Sloan-Kettering Cancer Center data includes parent organization. From 1998 to 2005, he was chief medical officer. The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. Healthcare Finance News reported that hospital CEO salary on average was about "$274,300 for hospitals with revenue up to $49.9 million. On Monday evening, the GMCB published on its . Salaries, other compensation and benefits: $65,605,340 . NEWARK, NJ - University Hospital (UH), the State's only public acute care hospital, announced today that it has appointed Mary K. E. Maples, Esq. Samet is the president and CEO of MedStar Health, responsible for overseeing the $5.5 billion nonprofit . University of Kansas Medical Center. The CEO reports to the Vice President Hospital Operations, Community Hospital Corporation and assigned Hospital Board of Directors. The New Jersey Department of Labor & Workforce Bayer Fund, the philanthropic arm of Whippany-based Bayer, on Thursday announced it provided a total of $5.2 million in grant funding, spanning 600 organizations, Summit-based Simplicity Group Holdings on Thursday said it acquired Insurance Designers of America. "Populations like ours, Medicaid populations, uncompensated care--poor people tend to rate organizations lower," said Silvers, " The outcomes are more difficult, compliance issues--all sorts of things, so there's a big debate whether those quality measures need to be risk adjusted for the type of population we have.". Rivest, Jeffrey A. . The number dropped to $1.4 million for systems with revenue of between $1 billion and $3. A hospital CEO can be quite helpful in getting the hospital ready for a planned survey or accreditation visit. Kimberly Russo is Chief Executive Officer at George Washington University Hospital/The. All rights reserved. Enter your email address to follow this blog and receive notifications of new posts by email. See the list , The data powering this website is available programmatically, via an API. A degree in medical management or a masters degree in business administration (MBA) is a less popular but still feasible option. The median annual salary for medical and health services managers was $101,340 in May . 'http':'https';if(!d.getElementById(id)){js=d.createElement Financial: Data from Consolidated financial statement as of 2017-12-31. The CEO is in charge of making sure the hospital is adequately staffed. We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. Safyer was hired by Montefiore in 1982, and worked as chief medical officer prior to becoming president and CEO. The average Hospital Chief Executive Officer salary is $186,565 as of February 27, 2023, but the salary range typically falls between $131,893 and $256,645. The estimated additional pay is $35,774 per year. Linking and Reprinting Policy. . The average salary of Hospital Chief Executive Officer is $186,565, and the average salary of Chief Executive Officer is $814,273. These CEOs earned a much higher average of $1.7 million per year. Avg. Required: Commitment to approximately 2 years as an Associate Administrator and an ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 17 days ago, Texas Counseling Association - Austin Yale on top. President and CEO of Montefiore Medical Center. According to the US Bureau of Labor Statistics, the average yearly salary for a US worker is a little over $50,000. The highest-paid nonprofit leaders CEOs, Executive Directors, etc. Weatherhead School of Management at Case Western Reserve University . Employees: 1,349, of whom150 received more than $100,000. This position will oversee 2 hospitals totaling 250 beds ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today, Community Hospital Corporation - Abilene The average annual CEO pay in most nonprofit industries for 2018 was between $100,000 and $200,000, according to a 2022 analysis published in Health Affairs. Although large hospitals pay more than $1 million, the average 2020 health care CEO salary is $153,084, according to Payscale, with more than 11,000 individuals self-reporting their income.. A fierce advocate for her team, Wendy brought every Medical Center team member's salary up to the market competitive rate through a $56 million investment in compensation programs in Fiscal Year 2022, with more planned for the years ahead. Became CEO and president of Lifebridge Health in 2013. , Mr. Salary.com's. a Hospital Chief Executive Officer Salary in Bergenfield, NJ is $214,923 as of February 27, 2023; a Hospital Chief Executive Officer Salary in Meridian, MS is $165,371 as of February 27, 2023. MetroHealth Medical Center is a public hospital that is supported with $32.4 million of taxpayer money--roughly 5 percent of the hospital's budget. The Becker's Hospital Review website uses cookies to display relevant ads and to enhance your browsing experience. Salaries, other compensation and benefits: $138,707,354. President and CEO of Unity Health System in Rochester. Copyright 2023 Becker's Healthcare. . Payscale reports a median annual salary for CEOs of around $156,300 as of June 2022. We found payouts as high as $10 million, $18 million and even $21.6 million per CEO or other top-paid employee. Salaries, other compensation and benefits: $65,605,340. Small organizations filing a Form 990N "e-Postcard" are not included in this data. The CEO is in charge of ensuring compliance with important accrediting bodies, including the Joint Commission, as well as local, state, and federal health departments. All rights reserved. How much money does the highest-paid hospital CEO make? Dr. Cacchione Will Lead Jefferson in Shaping the Future of Healthcare, Higher Education and Discovery. The data was gathered from 990 forms hospitals and other non-profits must file with the IRS every year. Save my name, email, and website in this browser for the next time I comment. In 2020, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. Cookie Policy. The median annual salary of CFOs is slightly lower according to Payscale data: around $140,400 as of June 2022. This is why you're always going to make more money in New York City for example, than in a small town. He was paid $714,173 in bonuses and incentives. Silvers argues those surveys may be misleading. The ultimate hospital CEO salary depends on a variety of factors. Keeping good relations with the general public may also be part of the hospital CEOs job description. Recently searched related titles: Data is based on information hospitals provided in federal tax filings in 2014. Maintains a highly visible presence, interacting constantly with key stakeholders to inform and advise them of strategies, current healthcare trends, legislation and activities. An aspiring CEO may think about a few different areas of study, but two of the most prominent ones are public health and health administration, which both require an MHA degree (an MPH degree). It is important to note for comparison that the hospital CEO often earns more money than other health executives. Westchester Medical Center in Valhalla is a public-private New York public benefit corporation. Once again, many factors may have an impact on these high salaries. The majority of CEOs also get bonuses, with the typical yearly compensation being estimated at $29,700. CA. Learn more about: Compensation Packages, Mailorder Fruit: Where to Find the BestFruit, Executive Compensation at the International Fellowship of Christians and Jews (2020), Executive Compensation at UPMC (Pittsburgh, PA), Executive Compensation at the American Red Cross (2021), Executive Compensation at the Girl Scouts, Executive Compensation at the Girl Scouts (2021), Executive Compensation at Kaiser Health (2019), Executive Compensation at United Way (2019), Executive Compensation at UnityPoint Health, Executive Compensation at the San Diego Zoo Wildlife Alliance(2020). "In some cases, those hospitals are are forced to close, to merge or they are not really able to be successful in the marketplace because of bad decisions from the top," said Dr. Thomas Campanella, a professor of health care at Baldwin Wallace University. The system has a $1.5 billion budget and nearly 8,000 employees. "Although both CEO compensation and worker wage increase in a stepwise fashion as hospital size increases, increase in CEO compensation tends to exceed that of worker pay for larger hospitals, giving them a higher pay equity ratio," according to the authors of the study. As she was last year, the highest-paid employee in the state was Marna Borgstrom, president and CEO of Yale New Haven Health System, which includes Yale New Haven Hospital, Bridgeport . The IRS Form 990 reports Penn paid for first class or charter travel, travel for companions, participated in tax indemnification and gross up payments, provided housing allowances or residence for personal use, paid for health or social club dues or initiation fees, and paid for personal services (i.e. 1 in N.J. (No. Hospital Employee Compensation . Salaries, other compensation and benefits: $1,731,477,540. That's the case for Kenneth Samet, the highest-paid hospital employee in Greater Baltimore. By collaborating closely with the chief nursing officer (CNO) or chief medical officer (CMO), the hospital CEO is accountable for providing the highest quality of patient care (CNO). -. Medicine Doctor, Ob Hospitalist, Vice President Diversity And Inclusion, Search Hospital Chief Executive Officer Jobs. Your email address will not be published. MT. Analyze the market and your qualifications to negotiate your salary with confidence. 6,380 individuals received more than $100,000 in compensation. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Nonprofit organizations that spend $750,000 or more in Federal grant money in a fiscal year are required to submit an audit covering their finances and compliance. They often have years of expertise managing large staffs and big operating budgets while working in large hospitals or health systems. The base salary for Hospital Chief Executive Officer ranges from $131,893 to $256,645 with the average base salary of $186,565. The IRS Form 990 (2015) covering the year beginning July 1, 2015 and ending June 30, 2016 reports the following key information about Penn: Penn receives approximately 45,000 applications annually and accepts about 8% (about 3,600), making the university one of the most selective schools in the country. The CEO of a hospital is in charge of all activities at the hospital. Here's what hospital CEO's in Cleveland are earning annually : Cleveland Clinic: $4 million University Hospitals: $2.2 million MetroHealth Systems: $1.1 million We also reviewed CEO. To provide solid leadership, be rigorous in hiring, and come up with creative solutions for patient care, health systems, and hospitals look to their top executives. Individualize employee pay based on unique job requirements and personal qualifications. "This is part of the underlying business model that drives the nonprofit hospital landscape: Volume matters, and high-margin volume matters the most for the bottom line," the Lown Institute researchers said. Manage Settings This individual must have a passion for nursing Encompass Health - Charlottesville President and CEO of North Shore University Hospital on Long Island. Saint Peters, Ross U. In his new role, he will lead the hospital's daily clinical operations, multiple departments and specialty centers. Many in this role enter the field with a BS in Healthcare Management, but MS degrees are not uncommon. Almost 20% of that compensation was captured by a handful of hospital CEOs, who collectively took home $308.8 million over 12 years. CO. Safyers base salary was $1,464,159 in 2014. Thus, net fund assets went from $12.5 billion at the beginning of the year to $12.3 billion at the end of the year (of which $6.6 billion remained unrestricted and $2.4 billion was temporarily restricted, leaving $3.3 billion permanently restricted. We wanted a leader with the experience to propel our vision of improving health for generations to come.. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. We are grateful to Mary Maples for her leadership and her willingness to step into this critical interim role, even though she chose not to pursue the permanent position, Freeman said. Employees: 620, of whom93 received more than $100,000. Salaries, other compensation and benefits: $54,039,278. TX. Although Penn reports $644 million in revenue over expenses at year-end, the 990 also reports $660 million in net unrealized losses on investments and a $205 million downward adjustment in net fund assets primarily attributed to changes in pension and other post-retirement plans. However, at hospitals whose annual revenue topped $1 billion, the average CEO salary was $1.4 million. . Residency Program Director, Jobs with a similar salary range to Hospital Chief Executive Officer : He was paid $1,728,000 in bonuses and incentives. He admitted the salary is first tied to profits--then a series of other quality measures like patient care, diversity, hospital improvements and employee satisfaction. Employee Flight Risk,
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