The most growth was observed at the system level. SullivanCotter found health system executives in top, enterprisewide roles saw an increase in median base salary of about 3.5 to 4 percent, compared to 3 percent growth for leaders with the same titles at system-owned hospitals. Slightly less-senior titles like senior vice president saw median base salary growth of about 3 percent.
Not only were the very topmost executives the most in-demand, but those at the largest health systems also saw faster pay growth. SullivanCotter observed 4 to 5 percent growth in salary for executives at health systems with over $3 billion in net revenue, compared to 3 to 3.5 percent growth for smaller organizations.
SullivanCotter attributes this growth to four key trends:
- The growing complexity of health systems post-consolidation
- Changing models of care
- Greater pressure to create cost efficiency
- Revenue diversification and growth
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