The Governance Institute survey collected data from 660 non-profit acute-care hospitals and health systems. Other findings on board member compensation include the following:
• About 12 percent of respondents said their board chair is compensated, up from 10 percent in 2009, and 67.6 percent of those respondents said board chair compensation was less than $5,000. Roughly 5.4 percent of those respondents said board chair compensation was more than $50,000.
• Of the 15 percent that said all or some of their board members are compensated, 73 percent said compensation was less than $5,000.
• Government-sponsored healthcare organizations (28.3 percent) were the most likely to compensate all or some board members, and that figure is up from 20.3 percent of government-sponsored organizations in 2009.
• Health systems tend to compensate their board chair more than other types of organizations, as 25 percent of health systems compensate the board chair $30,000 to $50,000 and another 25 percent compensate the chair more than $50,000.
Related Articles on Hospital Compensation:
Former CEO of Idaho’s St. Luke’s Magic Valley Earned $290k Last Year
Average Base Salary for Chief Nursing Information Officer as High as $250k
Detroit Medical Center CEO to Make $2.41M in Total Compensation