The average Hospital Chief Executive Officer salary is $186,111 as of January 26, 2023, but the salary range typically falls between $131,571 and $256,025. Knowing what the work is like on the front lines will give them a better perspective on the people working under them. Most receive [+] $1+ million packages. Hospital Administrator / CEO. Nearly a decade later, the nursing home operations have become significant parts of the hospitals revenues. ", "Cleveland Clinic was founded as a nonprofit group practice with a mission to careforthe sick and improve patient care through research and education. Job Openings for This Role, Salary range for a Hospital Chief Executive Officer, Hospital Chief Executive Officer's Average Annual Base Salary. We currently don't have any reviews for this job and need at least 5 ratings before we can calculate a satisfaction score. See user submitted job responsibilities for Hospital Chief Executive Officer. This is a BETA experience. 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. This includes devising and implementing policies designed to ensure that key goals are achieved. For 2013, the median base salary for independent health system CEOs is roughly $750,000, while the median independent hospital CEO salary is roughly half that at $380,000. that oversees more junior Hospital Chief Executive Officers, this experience can increase the likelihood to earn more. Fraser Sherman has written about every aspect of working life: the importance of professional ethics, the challenges of business communication, workers' rights and how to cope with bullying bosses. Are non-profit hospitals using their tax status as charities to benefit themselves? These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Based on our data team's research, Roger Forgey is the Stephens County Hospital's CEO. Directly supports the CEO * Will coordinate this work with the Chief of Staff and other members of his team. Several CEOs told Becker's Hospital Review in 2020 about what they consider the key parts of their job duties: If you're aspiring to earn a health care CEO salary someday, the MHA Online website says you need to meet the education requirements. Its important to note, not everything on khn.org is available for republishing. 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Our senior leaders are responsibleforoperating both a health plan and hospital and care delivery system, and as a result their roles and responsibilities are unique, larger in scope and impact, and different than those of nonprofit hospital executives. Source: Wikipedia (as of 04/17/2019). IndyStar has already documented how HHCs nursing home buying spree generated more than $1 billion that was diverted from nursing homes to county hospital projects, including the $754 million Sidney & Lois Eskenazi Hospital. Average . Develop staff through timely feedback and use of appropriate Human Resource policies to foster and facilitate the ability of staff to achieve highest level of professional growth and performance. In November, Moodys cited the nursing home strategy when it downgraded Majors credit rating. Consider other non-profit hospitals across America: the top paid special advisor and former CEO at Memorial Hermann* in Houston, Texas made $18.6 million. may allow this role to increase their income potential and qualify for promotions. We reached out for comment, context, and feedback to each hospital and responses (noted by an asterisk) are posted at the base of this article. The estimated additional pay is $35,774 per year. Receive information about the benefits of our programs, the courses you'll take, and what you need to apply. Whether for the birth of a baby, an everyday "emergency," or complex surgery, we are committed to extraordinary, life-changing care. The state law was approved after highly publicized, controversial severance packages of more than $700,000 were awarded to a series of government officials who exited Metra, the College of DuPage and Northern Illinois University. We found that these hospitals add billions of dollars annually to their bottom line, lavishly compensate their CEOs, and spend millions of dollars, which are generated by patient fees, lobbying government to defend the status quo. The deal Shannon struck in 2014 with a previous health and hospitals board called for him to be paid a years salary, plus the cost of health benefits for a year, if he were dismissed without cause. Median total cash compensation: $873,800. Mackey-Ross, the health care executive search consultant, said she does not buy the competition explanation. We encourage organizations to republish our content, free of charge. A 2019 Forbes report found only eight of 82 nonprofit hospitals paid their CEO less, and some paid as much as $21 million. The Cook County health boards decision to part ways with its CEO will prove costly to taxpayers, with the tab expected to top $600,000. Only 8 organizations paid their top earner less than $1 million (which proves its possible). Here are further demographic highlights of the leadership team: The BLS estimates that as of May 2020, the median annual salary for CEOs in health care and social assistance was $160,950. (Antonio Perez / Chicago Tribune). His compensation included more than $417,000 in bonuses, most of which he received since Major started to acquire nursing homes. It may take a decade of work in lower-ranked administrative roles before you can shoot for a hospital CEO position. ALMA, GA 204 E 15TH ST, 31510. The estimated total pay for a CEO is $377,126 per year in the United States area, with an average salary of $182,180 per year. The duty of keeping todays dynamic, multifaceted health care systems operating and serving the public even in the face of a global crisis such as the COVID-19 pandemic largely falls to hospital CEOs. Horner and Ingham typically made more money than Gutwein, the former executive director of Marion Countys HHC who until recently managed the largest public health system in the state with an annual revenue of $1.8 billion. Similarly, a hospital CEOs salary matches the range of medical, management and business skills necessary to keep a sophisticated health care system operating smoothly and efficiently. Non-Profit Hospitals. Dans retirement in 2016 culminated a 17-year tenure at Memorial Hermann in which the organization experienced exceptional fiscal and organizational success, including national recognition for providing safe, high-quality patient care, as well as unprecedented growth and expansion in Greater Houston. Hospital CEO Dr. David Pate told MHA Online that students who aren't out to become medical professionals should consider volunteering at a local hospital. $309k. With bonuses, profit-sharing and commissions, salaries typically range from $72,000 to $392,000. photo credit: [+] Getty. Common responsibilities include the following: The skills that hospital CEOs rely on to make their organizations successful include technical insight, financial expertise and well-developed communication abilities. The hospitals concern is, (administrators) salaries have been made publicly available, then they can be, they can be cherry picked, he testified. Meanwhile, someresidents suffer in squalid, understaffed homes. Yetexecutive pay is often linked to, among other things, the revenues and complexity of an organization, said Mackey-Ross. Ultimately, these are public employees, were paid for by public tax dollars, and who carry out the public's business, he said. There also was a pair of inspector general reports that were critical of how the health system paid its bills and handed out raises. The rising cost of healthcare is undermining the American Dream. Now, nearly 3,300 Hoosiers have died after contracting COVID-19 in long-term care facilities. Former Cook County hospital CEO Dr. John Jay Shannon, shown in 2014, stands to collect $542,000 in severance pay and health insurance benefits per the terms of his contract. We will update this piece with further responses, if any. What your skills are worth in the job market is constantly changing. Why do people leave their jobs? Some hospital systems may also offer additional chances for profit sharing. If a story is labeled All Rights Reserved, we cannot grant permission to republish that item. 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. Again,neither executive would say how much money theyve diverted from the nursing homes to hospital operations over the past several years. Heres how executive compensation breaks down at the 82 largest non-profit hospitals using the IRS 990 informational returns and auditing the latest year available: This chart shows the income bands of top-paid executives in the 82 large charitable hospitals across America. Representatives for Witham have never answered IndyStars questions about how they use the extra funds. But those filings showed compensation at only three county hospitals. * will coordinate this work with the Chief of Staff and other members of his team have significant! Take a decade of work in lower-ranked administrative roles before you can shoot for Hospital. To earn more tax status as charities to benefit themselves before you shoot. Take a decade later, the health system paid its bills and handed out.. His team 'll take, and what you need to apply need at 5! Become significant parts of the hospitals revenues members of his team you need to apply would say how much theyve. 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