MaineHealth CEO's Salary Outranks State Peers at $1.2M

Share on Facebook
William Caron, Jr., CEO of Portland's MaineHealth, outranked his state peers in terms of salary, bringing in $1.2 million in total compensation, according to a Sun Journal report that examined 2008-09 tax filings by Maine hospitals.

According to the report, CEO compensation ranged from $256,000 to $1.2 million at Maine's six largest hospitals, their parent organizations and other hospitals in the region. Some hospital CEOs made less than in previous years; once the highest-paid hospital CEO in Maine, Central Maine Healthcare leader Peter Chalke saw his pay decrease from $2 million in fiscal year 2006-2007 to $738,000 in calendar year 2008. According to the report, higher pay in previous years may have resulted from an accrual of deferred compensation.

Bonuses also play a role in reported compensation, the report said. St. Mary's Health System CEO James Cassidy received a $109,000 bonus in 2008-09, doubling his compensation to $1 million. Bonuses for Maine healthcare CEOs ranged from under $100,000 to $306,000, earned by Mr. Caron.

Read more on Maine healthcare CEO salaries.

Read more on CEO compensation:  

-Hospital Chief's $873K Salary Tops District List Released by California Controller

-Maine Hospital Cuts Four Administrators, Reduces Pay for Rest

-California's Grossmont Healthcare CEO Sees $200K Raise for Increase in Duties

© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New from Becker's Hospital Review

10 Statistics on Physician Income, Patients and the PPACA

Read Now