Compensation Issues

Sponsored by VMG Healthinfo@vmghealth.com | 214.369.4888

Average hospital CEO bonus is 33% of base salary

Seventy-six percent of hospitals said they pay their CEO a bonus, with the average bonus for a hospital CEO at just over one-third (33.2 percent) of their base salary, according to a report published by Total Compensation Solutions.

The 2018 Hospital Executive Compensation Report gathered data from 1,332 hospitals across the country, 27 executive and director level job titles and compensation data for roughly 5,000 executives.

"We saw a wide range of bonuses from 0 percent to 269 percent of base salary with approximately 76 percent of hospitals reporting they actually pay their CEO a bonus," said Tom Bailey, TCS project manager.

The report found one of the strongest indicators for determining bonus amounts paid to hospital CEOs is revenue size in addition to standard performance metrics used in the hospital industry.

TCS also looked at the average bonuses for five other top executive positions, which ranged from 19.2 percent to 30.6 percent of base salary (excluding the CEO).

Here are the average bonuses paid as a percentage of base salary for the six top hospital executive positions included in the report.

CEO: 33.2 percent

Top legal officer: 30.6 percent

CMO: 23 percent

COO: 22.9 percent

CFO: 21.8 percent

Chief nursing officer: 19.2 percent

To learn more about the report, click here.   

More articles on compensation: 
4 notes on medical information officer salary
CHS CEO gets bigger bonus amid company's financial struggles
Tenet CEO took home $3.7M in 2017

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Whitepapers

Featured Webinars