We found payouts as high as $10 million, $18 million and even $21.6 million per CEO or other top-paid employee. 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. In addition,IndyStar obtained executive compensation data from the Health & Hospital Corp. of Marion County, which is not covered by the 2016 exemption. $74k. Because government money and charitable donations cant be spent directly on lobbying, these hospitals used the payments from patients to lobby government to preserve their market position. All Rights Reserved. Average total cash compensation: $944,300. 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. Independent health system CEO (median revenue of system: $864 million)Median base salary: $750,000Average base salary: $754,400Median total cash compensation: $873,800Average total cash compensation: $944,300, Subsidiary health system CEO (median revenue of system: $716 million)Median base salary: $539,000Average base salary: $568,100Median total cash compensation: $645,700Average total cash compensation: $690,100, Independent hospital CEO (median revenue of hospital: $167 million)Median base salary: $380,000Average base salary: $421,800Median total cash compensation: $402,500Average total cash compensation: $479,700, Subsidiary hospital CEO (median revenue of hospital: $139 million)Median base salary: $309,500Average base salary: $329,300Median total cash compensation: $368,700Average total cash compensation: $391,000, More Articles on Hospital CEO Compensation:The Elephant in the Room: Hospital CEOs' Paychecks Vanguard CEO Charles Martin Jr.'s Compensation Falls to $4.9M in 2013 Nonprofit Hospital CEO Pay Averages $600k And Not Tied to Quality. Read more from. 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 hospitals size. In 2018, Bernard Tyson, then-CEO of California healthcare giant Kaiser Permanente, made almost $18 million, making him the highest-paid executive of all nonprofit organizations in the U.S. County Commissioner Larry Suffredin, who praised the former CEO for stabilizing the health system upon his departure, nevertheless said hes concerned about the potential for a hefty payout to Shannon and is exploring whether its legal. All units of government in Indiana are required to disclose to the state and public what their employees make except county hospitals. And roughly one in five Major-owned facilities have attracted special attention from regulators for having a pattern of serious problems. The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. 1.9. GA. hospital CEO, unless higher degree required by state. Let us know at KHNHelp@kff.org, Hospital Investigated for Allegedly Denying an Emergency Abortion After Patient's Water Broke, Medicare Fines for High Hospital Readmissions Drop, but Nearly 2,300 Facilities Are Still Penalized, This Open Enrollment Season, Look Out for Health Insurance That Seems Too Good to Be True, What Looks Like Pot, Acts Like Pot, but Is Legal Nearly Everywhere? Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. When summing the last four years of pay (2014-2017), each of these highly compensated executives - who made more than $10 million in 2017 alone - earnedan extraordinary amount of compensation:Ascension CEO ($59.1 million); Kaiser CEO ($29.8 million); Banner CEO ($29.6 million); Advocate Health CEO, based in Downers Grove, Illinois ($27.8 million); Memorial Hermann Special Advisor/CEO ($27.3 million); and Northwestern Memorial COO ($15.3 million). Salary.com's CompAnalyst platform offers: About GeorgiaGeorgia is a state in the Southeastern United States.Beginning from the Atlantic Ocean, the state's eastern border with South Carolina runs up the Sav.More, Learn more about: Compensation Packages, Based on those years of service, Shannons pension would top $254,000 a year, according to the county pension funds online retirement estimator. County pension beneficiaries also are eligible for health insurance subsidies. The author of that bill, former State Sen. Pete Miller,said he does not recall what specifically inspired the amendment, except that it had to do with hospitals competing for employees. The BLS estimates that as of May 2020, the median annual salary for CEOs in health care and social assistance was $160,950. Health system officials said the cost of extending his health coverage for a year would come to. And while county hospital salaries are funded through a mixture of sources, including private insurance, a large portion of county hospital revenue comes from public dollars in the form of Medicare or Medicaid. Under the direction of the Chief Administrative Officer or designee, serves in an executive . Indiana nursing homes generate hundreds of millions of dollars in extra Medicaid funds that are used at county hospitals instead. A 2021 report from the Economic Research Institute (ERI) found that the average annual CEO pay in most nonprofit industries was between $100,000 and $200,000 in 2018. Southern California Hospital at Culver City provides quality, compassionate, accessible care close to home. Salary: $119,560. In emails, Horner vehemently denied that his compensation was based on the hospitals nursing home strategy and attempted to discourage IndyStar from pursuing this story. Cook County Hospital was the first to have a dedicated unit for trauma . His 2009 compensation was earned in prior years. Under Inghams watch, Witham has likewise seen nursing home operations become a large part of its annual revenues. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. No, you don't do that, Mackey-Ross said. 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. Here are 16 statistics from the survey on salary and total cash compensation for hospital and health system CEOs. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. Additional opportunities for profit sharing may also exist in some hospital systems. , You can support KHN by making a contribution to KFF, a non-profit charitable organization that is not associated with Kaiser Permanente. Meanwhile, someresidents suffer in squalid, understaffed homes. Subsidiary health system CEO (median revenue of system: $716 million) Median base salary: $539,000. How many CEOs get poached, how many C-suite employees get poached? One Team. , Are non-profit hospitals using their tax status as charities to benefit themselves? Thats 23.6 percent growth, year-over-year, in net assets. Compensation figures are effective Feb. 1, 2013. Families who are working hard to get ahead now pay nearly $20,000 per year in insurance premiums, deductibles, and out-of-pocket costs for healthcare. For example, nearly half of the 160 health care organizations surveyed have reduced executive salaries or plan to do so as a result of COVID-19. The hospitals also cited this law to hide one of the most fundamental public documents: government contracts. Stephens County Hospital CEO and Executives Executive Summary. We found payouts as high as $10 million, $18 million and even $21.6 million per CEO . Maintains a highly visible presence, interacting constantly with key stakeholders to inform and advise them of strategies, current healthcare trends, legislation and activities. 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. The BLS estimates that 7% of all CEOs work in health care and social assistance. If possible, please include the original author(s) and Kaiser Health News in the byline. Increasing your pay as a Hospital Chief Executive Officer is possible in different ways. "Cleveland Clinic was founded as a nonprofit group practice with a mission to care, the sick and improve patient care through research and education. A consumer-centric approach to health care requires that hospital CEOs be more inventive, collaborative and value-focused. Contact IndyStar reporter Tony Cook at 317-444-6081 ortony.cook@indystar.com. This year, the cost of so-called charity care and unpaid debts is expected to reach $590 million up from $314 million in 2014. Directly supports the CEO * Will coordinate this work with the Chief of Staff and other members of his team. Ive asked the Cook County Health and Hospitals System to give me their position on the applicability of the new law.. Because of the secrecy allowed under state law, its impossible to know if the pay of any of the executivesIndyStar obtained pay data for runs higher than the average county hospital executive in Indiana, or if other hospital executives saw salary bumps as they pursued the nursing home agreements. In both years, he was compensated about twice as muchas the CEO of IU Health, which has annual revenues nearing $4 billion. The last time a plurality of hospitals reported salary data to the state was in 2012. Witham reported that nursing homes accounted for 39% of the hospital's revenue in 2019. Inspectors said staff failed to monitor a residents blood sugar after administering a dose of fast-acting insulin. Mackey-Ross, the health care executive search consultant, said she does not buy the competition explanation. Making State Level Regulation More Accountable, Want A Better 2023? 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. Reach them at 317-444-6409 or emily.hopkins@indystar.com. Avg. 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. $309k. We will update this piece with further responses, if any. 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. Even deducting for the $5.2 billion in charitable gifts received from donors, these hospitals still registered an extraordinary 20.5 percent return on investment (ROI). Staffing was often referenced as a contributing factor: A woman who fell 16 times before. Although Shannons 2014 contract was amended in February 2019, when he received a $17,500 pay raise, its not clear whether that would make his severance subject to the the state law limitation, Suffredin said. Top hospital management also deals with a world of constant change. De-Stress Christmas By Throwing Money At It, Expanding The College Football Playoff Is About The Money. that oversees more junior Hospital Chief Executive Officers, this experience can increase the likelihood to earn more. ALMA, GA 204 E 15TH ST, 31510. Here are further demographic highlights of the leadership team: Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Dans employment contract, which aligned with overall healthcare industry standards, recognized his contributions to the organization and the community as a whole.". 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county hospital ceo salary