Large Health System CEOs Beat Compensation Average by $1.5M
The scales may be tipped by CEOs of large health systems, who often make over $1 million every year. Following the sale of Wuesthoff Health System to HMA of Naples, nine former WHS executives split $10.6 million in separation pay, with former CEO Emil Miller receiving $6.25 million.
Correction: According to a Virginia Mason Medical Center representative, a substantial portion of the CEO's compensation for 2008 was retirement compensation, deferred until the CEO reaches 65. While the deferred compensation is not guaranteed, it is still reported as part of the total compensation on the tax return.
Read the KUOW report on health system CEO compensation.
Read more on compensation:
-15 Statistics on Healthcare Leader Compensation
-4 Trends in Hospital Executive Compensation
-8 Factors in Ophthalmologist Compensation
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.