Similarly, hospital CEOs received a 3 percent salary raise in 2012, which was down from a 5 percent increase in 2011.
Hay Group’s survey accumulated compensation data from 118 integrated health systems, 24 integrated health subsystems and 1,212 hospitals. Other results from the survey include:
• Health system CEOs, on average, received a 3.6 percent increase in total cash compensation (base salary plus annual incentives) — up from last year’s average increase of 3.1 percent.
• Hospital CEOs, however, saw a significant decrease in total cash compensation. In 2012, hospital CEOs saw a 2 percent increase compared with 6 percent in 2011.
• Employees of large integrated health systems witnessed median base salary increases of 2.9 percent, a slight decrease from 3 percent raises last year.
• Hospital employees actually saw an increase in their average base salary hike, from 2.3 percent in 2011 to 2.4 percent this year.
• Nurses received median increases of 2.5 percent in both base salary and total cash compensation, up from 2 percent in 2011.
More Articles on Hospital Executive Compensation:
15 Statistics on Average Hospital Executive Base Salaries
26 Statistics on Hospital CEO Salary Growth
Healthcare Workers Expected to Receive 2.6% Pay Raise in 2013
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
