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How much money does the highest-paid hospital CEO make? The median annual salary of CFOs is slightly lower according to Payscale data: around $140,400 as of June 2022. Creates an atmosphere conducive to information sharing and effective assessment that allows for real time research and adaptive behavior. Total spending on nonprofit CEOs rose 104% from $19 million in 2011 to $38.7 million in 2019. Hospital CEO Career Outlook and Salary | Ohio University Some of these are program specific, while others, called single audits, look at the entire organization. 6,380 individuals received more than $100,000 in compensation. On the other end of the scale are CEOs of hospitals located in urban areas that teach med students. Executive Compensation at the Alliance Defending Freedom(2020). Pay for CEO of UVM Health Network exceeds $2 million Highest paid: Keith Safian, president, at $1,494,760, including bonus and incentives of $280,989. Keeping good relations with the general public may also be part of the hospital CEOs job description. How much do Lehigh Valley doctors and hospital administrators earn? interest expense, other taxes) , and $125 million in travel and conferences. Of the ten most highly compensated individuals, 9 are male and 1 (the President and most highly compensated individual) is female. The report's figures include the base salary and a bonus, with the base salary comprising 68% to 76% of the pay. Compensation Date of data; Anthony J. Mazzarelli: President and Chief Executive Officer . Chief Executive Officer. We found hospital CEOs in Ohio earning up to $4 million a year. Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. 3) O'Donnell's compensation included $4,084,991 . Taxable trusts and private foundations that are required to file a form 990PF are also included. Top U.S. "Non-Profit" Hospitals & CEOs Are Racking Up Huge Profits - Forbes The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. According to the US Bureau of Labor Statistics, the average yearly salary for a US worker is a little over $50,000. Together, Simplicity and IDA said they will offer their respective members Jimenez, experienced hospital executive with roots in N.J., named new CEO of Deborah Heart and Lung Center introduces GPS for the Heart, 5 HMH medical centers achieve National Center of Excellence Designation in Heart Care, Bayer Fund awards more than $13M to U.S. nonprofit organizations in 2022, Tabula Rasa HealthCare completes the sale of SinfonaRx and DoseMeRx, FEMA awards $2.9M to Valley Hospital, Cape Regional Medical for COVID-19 staffing costs, Employers are ill-equipped to navigate mental health tsunami, Bergen New Bridge ranked No. Samet is the president and CEO of MedStar Health, responsible for overseeing the $5.5 billion nonprofit . Maples, who is expected to leave the hospital, said she will continue to help in any way she can. Please enter the following pay factors for Hospital Chief Executive Officer, to get a real-time salary target. 20th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference, 8th Annual Health IT + Digital Health + RCM Conference, 29th Annual Meeting - The Business & Operations of ASCs, Conference Reviewers: Request for More Information, Beckers Digital Health + Health IT Podcast, Becker's Ambulatory Surgery Centers Podcast, Becker's Cardiology + Heart Surgery Podcast, Current Issue - Becker's Clinical Leadership & Infection Control, Past Issues - Becker's Clinical Leadership & Infection Control, Revenue Cycle Management Companies in Healthcare to Know, Hospitals and Health Systems with Great Neurosurgery and Spine Programs, Hospitals and Health Systems with Great Heart Programs, 50 hospitals and health systems with great orthopedic programs headed into 2023, 100 of the largest hospitals and health systems in America | 2023, 60 hospitals and health systems with great oncology programs headed into 2023, 150 top places to work in healthcare | 2019, Texas hospital set to close, asks University Health to take over, 20+ US hospitals among Newsweek's top 100 global hospitals, Nurse impostor treated patients for 15 years, police say, Some innocent nurses may be caught up in degree scheme, 8th Annual Becker's Health IT + Digital Health + RCM Annual Meeting, Average hospital CEO compensation per hour: $130, Ratio of CEO wage to other workers wage: 6:1, Average hospital CEO compensation per hour: $179, Average hospital CEO compensation per hour: $239, Ratio of CEO wage to other workers wage: 8:1, Average hospital CEO compensation per hour: $335, Ratio of CEO wage to other workers wage: 10:1, Average hospital CEO compensation per hour: $517, Ratio of CEO wage to other workers wage: 14:1. Data is based on information hospitals provided in federal tax filings in 2014. Some hospital systems may also offer additional chances for profit sharing. Hospitals with a fiscal year ending December 31 are to report by May 15. . This is why you're always going to make more money in New York City for example, than in a small town. On the higher end, the report said CEO compensation was $1.4 million for hospitals with over $1billion in revenue." By continuing to use our site, you acknowledge that you have read, that you understand, and that you accept our. As with other CEOs, they may receive bonuses, shared profits, or commissions on top of this base salary. Mr. IU Health Leadership | IU Health NC hospital CEO salaries doubled in the last five years Each of these skills can be developed by enrolling in an academic program and gaining practical experience working in a hospital environment. Yale on top. But a check with a federal database of patient satisfaction levels and quality measures at hospitals across the country found MetroHealth fell below the national average. The consent submitted will only be used for data processing originating from this website. University Hospital is New Jersey's only public acute care hospital and is the principal teaching hospital for Rutgers New Jersey Medical School, Rutgers School of Dental Medicine and all other Newark-based medical education. "We have to have a target in terms of financial performance because if you don't make the money you can't be in business," said Silvers. I would like to thank Mary Maples for assisting with a smooth transition, and the board of directors for choosing me to build upon the mission and values of University Hospital as a community-first facility dedicated to the public good. See the complete profile on LinkedIn and discover Subho's connections and jobs at similar companies. Hospital CEOs are experts at juggling a variety of duties. Salaries, other compensation and benefits: $125,814,852. The Highest Paid Nonprofit CEOs | Cause IQ Cloudy forecast at the Shore: Monmouth president ponders rules of a Dr. Reddys names CEO for North American generics. Adjust Hospital Chief Executive Officer Salary: Chief Executive Officer - Hospital Operations, Associate Administrator - Developing CEO Program, Chief Executive Officer - Physician Practice. The total pay included $206,897 in retirement and deferred compensation, along with $1,180,698 in other payments and benefits. On Monday evening, the GMCB published on its . This position will oversee 2 hospitals totaling 250 beds ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today, Community Hospital Corporation - Abilene Highest paid for hospitals above are based on the highest compensation at that site and doesnt reflect parent organizations. Chief Executive Officer Texas Counseling Association Austin, Texas Organizational Background Basedhospitals, nursing homes and managed care facilities. The CEO with the highest salary will typically work in a larger location in the fiercely competitive healthcare industry.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-leader-1','ezslot_10',197,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-leader-1','ezslot_11',197,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-1-0_1');.leader-1-multi-197{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. Tanya Freeman, chair of the University Hospital board of directors, said she felt Jimenez is a great fit for the role. The analysis revealed a relationship between hospital size and executive compensation. Follow @InvestigatorRon !function(d,s,id){var Nonprofit Hospital CEO Compensation: How Much Is Enough? How Much Does SSM Health Pay in 2023? (2,716 Salaries) In his new role, he will lead the hospital's daily clinical operations, multiple departments and specialty centers. Maple was lauded for her work as interim CEO, ensuring the hospital moved forward. The resulting system of five hospitals is now Rochester Regional Health, which includes 150 total provider sites, according to the systems website. Bergenfield, NJ typically sees higher pay than Meridian, MS for Hospital Chief Executive Officer. For systems with revenue of $3 billion or more the average total compensation in 2020 was $2.3 million. While department heads may select, recruit, and train their staff members, the CEO will have a significant role in selecting hospital executives and leaders. He was paid $240,478 in bonuses and incentives. The average Hospital Chief Executive Officer salary is $186,565 as of February 27, 2023, but the salary range typically falls between $131,893 and $256,645. In 2020, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. He admitted the salary is first tied to profits--then a series of other quality measures like patient care, diversity, hospital improvements and employee satisfaction. We have partnered with a large nonprofit health system to assist them in the search for a Chief Executive Officer for their Montana Region. An example of data being processed may be a unique identifier stored in a cookie. Click on the chart to see the detail salary data for Hospital Chief Executive Officer in each city. Being the CEO of a hospital can be a satisfying career path with lots of opportunities to influence how the healthcare system operates. Salary.com's. Employees: 1,015, of whomfivereceived more than $100,000. Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. A hospital CEO receives an average salary of $160,000. Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. . Soaring compensation for hospital executives . The median annual salary for medical and health services managers was $101,340 in May . Those are only a few good examples of skills that might help hospital leadership succeed. University of Kansas Medical Center Salaries - Glassdoor (s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. According to a news release on March 28, 2022, Mr. Richaud is the youngest hospital CEO in the Baptist Health System. Gender Pay Gap, The analysis supported previous research showing hospital CEOs are compensated primarily for the volume of patients entering their hospitals. Hospital Employee Compensation . Small organizations filing a Form 990N "e-Postcard" are not included in this data. David Ingram, MD, is the chief medical executive for the Indiana University Health system. Most recently, Jimenez spent the past 12 years in Florida, working at University of Florida Health, Shands Hospital, where he served as CEO for eight years before leaving last summer. Total revenue was $6.3 billion, including $1.3 billion in grants and contributions (of which $728 million came from the government), $2.6 billion from healthcare, $1.2 billion from tuition and fees, and $1.2 billion from auxiliary services and investment income. Hospital CEO Salaries The BLS estimates that as of May 2020, the median annual salary for CEOs in health care and social assistance was $160,950. That's the case for Kenneth Samet, the highest-paid hospital employee in Greater Baltimore. The health system has 22,622 employees at sites throughout New York City and the Lower Hudson Valley, according to the systems website. Highest paid: Edward Dinan, president and CEO, at $1,707,780, including bonus and incentives of $823,032. Hospital Chief Executive Officer Salary | Salary.com His 2009 compensation was earned in prior years. Maples, who joined University Hospital in 2018 as chief legal officer and corporate secretary, agreed to accept the interim position and delay a planned departure from the hospital to ensure a smooth transition. ProPublica posts new tax forms as they are released by the IRS. Brumsted's total compensation includes . PAYOUTS: NY hospital payouts growCONFLICTS: NY hospital conflicts, perks.