The following 46 statistics detail the cumulative base salary, incentive/bonus/stock awards and total compensation of CEOs, CFOs and other key "named executive officers" of the eight largest for-profit hospital companies in the United States over the past five years.
Compensation Issues
Hospital controllers, often the next-in-line for CFO duties, earned almost $110,000 in total compensation a few years back, according to the Healthcare Financial Management Association's 2011 compensation survey.
FamilyCare, a Portland, Ore.-based, non-profit health insurer that offers Medicare Advantage and Medicaid plans, announced (pdf) it will increase reimbursements to primary care providers by 50 percent this year.
The board of directors for Washington Hospital Healthcare System in Fremont, Calif., awarded CEO Nancy Farber more than $162,000 in incentives and bonuses, increasing her current compensation to nearly $814,000, according to a Fremont Argus report.
This week, Salinas (Calif.) Valley Memorial Healthcare System named Matt Gerlach as its new president and CEO, and because of controversy that previously surrounded the health system, Mr. Gerlach's starting salary will be lower than his predecessor's.
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More than 80 percent of hospitals and health systems have short-term incentive plans for at least one of their executives, and CEO incentives usually average between 30 and 35 percent of base salary, according to data from Sullivan, Cotter and…
New York's North Country, a stretch of six northern counties that covers more than 400,000 people, contains several hospitals, but CEO salary varied widely at those hospitals, according to a Press-Republican report.
Ophthalmologists have typically recorded high compensation figures in private practice over the past several years, but now they are among the highest-paid hospital-employed specialties.
The top 10 executives within Charlotte, N.C.-based Carolinas HealthCare System recorded total compensation of more than $19.4 million in 2012 — an increase of more than 11 percent from 2011, according to a Charlotte Observer report.
Recently, a Newsday report found that Stony Brook (N.Y.) University Hospital dished out the second-most overtime pay among state-owned organizations, but hospital executives defended their overtime practices, saying it provides the hospital flexibility while minimizing costs.