Large Health System CEOs Beat Compensation Average by $1.5M
The CEOs of Multicare Health System, Northwest Hospital, Providence Health and Services and Virginia Mason Medical Center reported more than $2 million in total compensation on 2008 tax returns, according to a KUOW report.
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
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