Every year, The Chronicle issues a report on the executive compensation of the nation’s largest non-profit organizations that raise the most money from private sources, earn the most in grants and are followed by other watchdog groups.
Of the top 10 highest paid non-profit CEOs in 2010, five led hospitals. They included the following:
• Herbert Pardes, MD, former CEO of NewYork-Presbyterian Hospital in New York City: $4.35 million
• Gary Gottlieb, MD, CEO of Partners HealthCare in Boston: $3.14 million
• Delos “Toby” Cosgrove, MD, CEO of Cleveland Clinic: $2.25 million
• James Mandell, MD, CEO of Boston Children’s Hospital: $1.86 million
• John Noseworthy, MD, CEO of Mayo Clinic in Rochester, Minn.: $1.64 million
Ken Berger, president of the non-profit group Charity Navigator, told Bloomberg Businessweek that having million-dollar compensation packages for those running public charities is “absurd.” However, Chronicle Editor Stacy Palmer said it’s also a sign of the times.
“Most [leaders] at non-profits are not millionaires, and it’s been tough times with many people not getting raises,” she said in the report. “But there’s also a lot more focus on results, and that means paying for talent.”
More Articles on Hospital CEO Compensation:
Johns Hopkins Physician: Children’s Hospital CEO Pay Needs More Accountability
Hospital CEO Salary Increases: 36 Statistics by Percentiles
Hospital, Health System CEOs Receive 3% Salary Raises in 2012
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.