Most CFOs at the smallest hospitals, those with net patient revenue a couple million dollars to $100 million, saw smaller salary raises compared with last year’s figures. However, some CFOs at larger hospitals who were paid in the 75th percentile still received larger-than-average raises, with some earning up to 9 percent more.
Supplemental executive retirement plans are also rising in prominence for hospital CFOs, particularly for those at the largest organizations. Among hospitals with at least $200 million of net patient revenue, roughly 45 percent of CFOs had a SERP.
Here are 27 statistics on average salary adjustments and SERPs for hospital CFOs. Note: The survey received responses from 406 hospitals and health systems. Forty-one percent of hospital respondents had net patient revenue between $35 million and $199 million, while 39 percent had net patient revenue less than $35 million. All average adjustments include increases, decreases and freezes in base salaries.
Average hospital CFO salary adjustment by year
2009-2010: 3.00 percent
2010-2011: 4.27 percent
2011-2012: 5.92 percent
2012-2013: 4.41 percent
Average hospital CFO salary adjustments by net patient revenue
Hospitals with net patient revenue less than $35 million
25th percentile: 0 percent
50th percentile: 1.3 percent
75th percentile: 3.1 percent
Hospitals with net patient revenue between $35 million and $99 million
25th percentile: 0 percent
50th percentile: 2.0 percent
75th percentile: 4.0 percent
Hospitals with net patient revenue between $100 million and $199 million
25th percentile: 0 percent
50th percentile: 4.5 percent
75th percentile: 9.4 percent
Hospitals with net patient revenue between $200 million and $500 million
25th percentile: 3.0 percent
50th percentile: 5.0 percent
75th percentile: 9.6 percent
Hospitals with net patient revenue greater than $500 million
25th percentile: 1.8 percent
50th percentile: 3.0 percent
75th percentile: 4.0 percent
Total
25th percentile: 0 percent
50th percentile: 3.0 percent
75th percentile: 6.1 percent
Hospital CFOs with SERPs
Hospitals with net patient revenue less than $35 million: 9 percent
Hospitals with net patient revenue between $35 million and $99 million: 18 percent
Hospitals with net patient revenue between $100 million and $199 million: 31 percent
Hospitals with net patient revenue between $200 million and $500 million: 45 percent
Hospitals with net patient revenue greater than $500 million: 50 percent
More Articles on Hospital Executive Compensation:
Sound Shore Health System Gave CEO, CFO Payments Before Bankruptcy Filing
Salaries of Maine Hospital Executives Draw Ire Amid Layoffs
7 Recent Compensation Issues
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