Report: Pay Tops $1M for 32 California Non-Profit Hospital CEOs
Payers & Providers, 32 earned $1 million or more in 2010.
Payers & Providers collected data from various non-profit hospitals in California, including standalone hospitals, district hospitals, children's hospitals, health systems and the five academic medical centers within the University of California.
Although almost 20 percent of hospital CEOs surveyed made seven figures, the report said compensation increases within the industry have actually remained relatively modest.
George Halvorson, the outgoing president and CEO of Oakland, Calif.-based Kaiser Permanent who is retiring this summer, had the highest payday of any California hospital executive, earning $7.74 million in 2010. Of the 32 million-dollar earning CEOs, only two led district hospitals: Michael Covert of Palomar Health in Escondido with $1.09 million and Lee Domanico of Marin General Hospital in Greenbrae with a little more than $1 million.
Many of the figures mirror results from the Institute for Health & Socio-Economic Policy, which released a report last summer on CEO pay of the largest non-profit hospitals and health systems in California.
More Articles on California Hospital Executive Compensation:
© Copyright ASC COMMUNICATIONS 2012. 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.
New from Becker's Hospital Review