Payers & Providers surveyed 731 non-profit hospitals that filed IRS Form 990 in 10 Midwestern states to see how much CEOs were earning. It also found that children’s hospitals were home to the highest-paid executives. Of the 14 children’s hospitals CEOs, eight earned more than $1 million, and the average total compensation in 2008 was $1.4 million.
Other key findings from the Payers & Providers white paper on Midwestern non-profit hospital CEOs include the following:
• Rand O’Donnell, CEO of Children’s Mercy Hospitals and Clinics in Kansas City, Mo., was the highest paid non-profit hospital CEO in the Midwest, earning roughly $5.98 million in 2008.
• CEOs at Nebraska non-profit hospitals had the lowest average total compensation of the 10 states surveyed at $287,976.
• Missouri’s CEOs earned the highest average total compensation at $653,318, while Ohio’s CEOs had the highest base compensation at $345,472.
• The average hospital in the survey reported a net income of $4.9 million, with more than 200 reporting losses.
• The average total compensation for each CEO per hospital bed was $4,925 and the mean was $3,401.
Related Articles on Hospital Executive Compensation:
Hoboken University Hospital’s CEO Received $600K Severance as Hospital Filed for Bankruptcy
How to Avoid IRS Penalties for Non-Profit Hospital Leaders’ Compensation
More Than 11% of Hospital Executives’ Compensation Not Tied to Benchmarks, Goals for Quality
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