Franklin, Tenn.-based Community Health Systems CEO Tim Hingtgen was paid 79 times more than the health system’s median employee in 2024, according to a proxy statement filed March 12 with the Securities and Exchange Commission.
Mr. Hingtgen’s 2024 compensation was $7,629,625 and the estimated value of his health and welfare benefits was $22,670, according to the report. The median employee compensation, including the estimated value of health and welfare benefits, was $97,456, making the ratio of these amounts 79:1.
As of Dec. 31, CHS had about 60,000 employees, according to the report. This figure included full-time, part-time and temporary employees. To identify the median compensated employee, the company used base salary as its consistently applied compensation measure. CHS said because all of its employees are located in the U.S., as is the CEO, it did not make any cost-of-living adjustments.
The SEC requires public companies to disclose how CEO pay compares to the median employee’s overall compensation each year.
In 2023, CHS’ CEO-to-worker pay ratio was 96:1. Mr. Hingtgen’s compensation in 2023 was $8,348,223, and the estimated value of his health and welfare benefits was $22,670. The median employee compensation, including the estimated value of health and welfare benefits, was $87,176.
After Mr. Hingtgen, the highest earners at CHS in 2024 were CFO Kevin Hammons and Chief Medical Officer Lynn Simon, MD, earning $3.8 million and $2.1 million, respectively. Dr. Simon retired at the end of 2024.
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