Safyer was hired by Montefiore in 1982, and worked as chief medical officer prior to becoming president and CEO. How much does a Hospital Chief Executive Officer make? Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). Extracted financial data is not available for this tax period, but audit documents are available for download. It often takes years of experience in healthcare management to become the CEO of a hospital. Mary has been an invaluable adviser to the Hospital and the board since she joined our team, and we are thankful for her expertise, insight and guidance when we needed it most.. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Gov. 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. Highest paid for hospitals above are based on the highest compensation at that site and doesnt reflect parent organizations. Silvers argues those surveys may be misleading. Instead, Dr. J.B. Silvers, a nationally recognized expert on hospital CEO compensation and professor at Case Western Reserve's business school, insisted that Dr. Boutros is being fairly compensated when compared to his peers. 1 in N.J. (No. See Kimberly Russo's compensation, career history, education, & memberships. A hospital CEO receives an average salary of $160,000. Click here to view, Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Nonprofit hospital CEOs make an average of eight times more than workers without advanced degrees, according to an analysis by the Lown Institute of more than 1,000 hospitals. Download the UH Now app to take advantage of the new Hospital Maps feature which will help you navigate the UH Cleveland Medical Center campus. Where Does $100 to Shriners Hospitals Go(2020)? Throughout his career, he has overseen significant hospital expansions and optimized the operations of a complex organization by navigating professional partnerships, implementing creative and data-driven solutions, and maintaining the bold vision necessary to accomplish these goals. All Rights Reserved. Silvers is also a MetroHealth board member and helped determine Dr. Boutros's salary. The analysis supported previous research showing hospital CEOs are compensated primarily for the volume of patients entering their hospitals. 6,380 individuals received more than $100,000 in compensation. An exclusive 5 On Your Side investigation has found Ohio hospital CEOs are benefiting from dramatically rising salaries for hospital executives across the country. An analysis published in Health Affairs last year by researchers with Arizona State University's health policy center found no association between hospital CEO compensation and the value scores received by the hospitals they oversee. If you want to get more detailed salary information, please view. Weatherhead School of Management at Case Western Reserve University Small organizations filing a Form 990N "e-Postcard" are not included in this data. Chief Executive Officer Texas Counseling Association Austin, Texas Organizational Background Basedhospitals, nursing homes and managed care facilities. Highest paid: Dr. John Olsewski, orthopedic surgeon, at $823,020, including bonus and incentives of $225,000. Guidestar reported that only one . Extracted financial data is not available for this tax period, but Form 990 documents are available for download. These audits are copied from the Federal Audit Clearinghouse. Thomas Jefferson University and Jefferson Health's Board of Trustees have announced that Joseph G. Cacchione, MD, will join as the organization's new CEO, effective September 6, 2022. Healthcare Finance News reported that hospital CEO salary on average was about "$274,300 for hospitals with revenue up to $49.9 million. , MetroHealth CEO Dr. Akram Boutros declined repeated efforts to discuss his salary. 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. In a hospital context, the CEO is in charge of the bigger picture, which includes ensuring the company maintains profitability while also delivering the best possible patient results. By continuing to use our site, you acknowledge that you have read, that you understand, and that you accept our. The remaining expenses include $492 million in office expenses, $473 million in medical supplies, $417 million in fees for services, $408 million in grants (of which $403 million was for domestic students), $185 million in other expenses (i.e. Executive Compensation at the Alliance Defending Freedom(2020). Highest paid: Keith Safian, president, at $1,494,760, including bonus and incentives of $280,989. Employees: 499, of whom71 received more than $100,000. UW Medicine/University of Washington Medical Center: Seattle: 6/30/2020: 155: UW Medicine/Valley Medical Center: Renton: 6/30/2020: 010: President and CEO of New York-Presbyterian Hospital. We began the search for our next president and CEO with several goals and expectations, she said. $38,209 / yr. Research Associate salaries - 69 salaries reported. The CEO reports to the Vice President Hospital Operations, Community Hospital Corporation and assigned Hospital Board of Directors. Chief Executive Officer. Linking and Reprinting Policy. If you have used our data or site in your research or reporting, add credit and a link to Nonprofit Explorer in your story or publication and let us know. Creates an atmosphere conducive to information sharing and effective assessment that allows for real time research and adaptive behavior. Hundreds of workers at Howard University Hospital in Washington, D.C., say they are planning a one-day strike next week over complaints of low wages. Employees: 1,762, of whom216 received more than $100,000. Salaries, other compensation and benefits: $65,605,340. Maples, University Hospital's Chief Legal Officer and Corporate Secretary, has . Samet is the president and CEO of MedStar Health, responsible for overseeing the $5.5 billion nonprofit . 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. Adjust Hospital Chief Executive Officer Salary: Chief Executive Officer - Hospital Operations, Associate Administrator - Developing CEO Program, Chief Executive Officer - Physician Practice. . Privacy Policy. This position will oversee 2 hospitals totaling 250 beds ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today, Community Hospital Corporation - Abilene Privacy Policy. Close cooperation with the chief financial officer may be necessary for this. This is why you're always going to make more money in New York City for example, than in a small town. All Rights Reserved. The 41 most highly compensated individuals were reported to be: The list above reveals that of the 40 most highly compensated individuals directly compensated by Penn, 27 (or 68%) are male while 13 (or 32%) are female. He became president and CEO in 2010, and oversaw Unitys merger with Rochester General Health System in 2014, leaving in November of that year, the Democrat & Chronicle reported. We found payouts as high as $10 million, $18 million and even $21.6 million per CEO or other top-paid employee. Follow @InvestigatorRon !function(d,s,id){var The resulting system of five hospitals is now Rochester Regional Health, which includes 150 total provider sites, according to the systems website. ProPublica posts new tax forms as they are released by the IRS. Average hospital CEO compensation per hour: $517 Ratio of CEO wage to other workers wage: 14:1 Among larger hospitals with 400 or more beds, hourly CEO compensation ranged from $88 to. The team's commitment to Cooper's patients, employees and the community, combined with a focus on fiscal responsibility, has resulted in a strong infrastructure designed to meet today's health care needs while moving toward tomorrow's innovations and breakthroughs. Copyright 2021 Pro Publica Inc. Get the latest market price for benchmark jobs and jobs in your industry. The American Hospital Association reports 1 in 3 hospital nationwide are losing money and hospital finance experts that's underscoring the need to pay high salaries for the right CEO. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $131,893 to $256,645 with the average total cash compensation of $186,565. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The average salary of Chief Executive Officer is higher than Hospital Chief Executive Officer. The total pay included nearly $5.1 million in deferred compensation, along with other benefits. The New Jersey Department of Labor & Workforce Bayer Fund, the philanthropic arm of Whippany-based Bayer, on Thursday announced it provided a total of $5.2 million in grant funding, spanning 600 organizations, Summit-based Simplicity Group Holdings on Thursday said it acquired Insurance Designers of America. Clements base salary was $750,257 in 2014. Employees: 16,009, of whom4,212 received more than $100,000. Learn more about: Compensation Packages, Individualize employee pay based on unique job requirements and personal qualifications. Herns base salary was $765,994 in 2014. This is not by any means an entry-level role due to the significance and the high amount of responsibility attached to the CEO position.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'howigotjob_com-leader-3','ezslot_17',601,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-3-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'howigotjob_com-leader-3','ezslot_18',601,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-3-0_1');.leader-3-multi-601{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:50px;padding:0;text-align:center!important}. 3) O'Donnell's compensation included $4,084,991 . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. The 990 reports whatever is received and paid for by the organization a 501 (c) 3. At UCHealth, the most compensated executive makes $700,000, annually, and the lowest compensated makes $50,000. Here's what hospital CEO's in Cleveland are earning annually : We also reviewed CEO contracts at Ohio's two other public hospitals: Plus, it's not uncommon for hospital CEO's to earn annual bonuses up to 40 percent of their salaries. Another study of 35 CEOs of Connecticut nonprofit hospitals found that they were incentivized from 1998 to 2006 to increase the volume of privately insured patients at the expense of uncompensated care and public-pay patients. The District of Columbia Nurses Association . The Children's Hospital of Philadelphia Foundation CEO and trustee Madeline Bell 2016 income $2,032,558 8. . They often have years of expertise managing large staffs and big operating budgets while working in large hospitals or health systems. CA. Expenses totaled $5.6 billion (or $5.3 billion not including depreciation) of which $3.2 billion (or 60% of expenses) were for compensation-related costs for the 48,347 employees, which equates to an average of $67,000 each. The analysis revealed a relationship between hospital size and executive compensation. He partnered with Hern in the merger that created Rochester Regional Health in 2014. Executive compensation: The Mayo Clinic announced in August that Dr. Gianrico Farrugia would succeed Dr. John Noseworthy as . The board also conducted two listening sessions with stakeholders and community members to hear their input regarding characteristics the ideal candidate would possess. Dr Temple was paid between 50,000 and 55,000 as chief executive; plus 50,000 to 55,000 for medical consultant work *19 The organisation is now part of Waltham Forest PCT *20 Chief executive no. The CEO is in charge of making sure the hospital is adequately staffed. Newark is New Jerseys largest city by population and one of the states most diverse municipalities, she said. Highest paid: John Federspiel, president (in 2014), at $2,055,377, including in bonus and incentives of $500,000. Bergenfield, NJ typically sees higher pay than Meridian, MS for Hospital Chief Executive Officer. js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)? Taxable trusts and private foundations that are required to file a form 990PF are also included. Saint Peters, Ross U. A hospital CEO can be quite helpful in getting the hospital ready for a planned survey or accreditation visit. Copyright 2023 Becker's Healthcare. They might also get bonuses, profit percentages, or commissions, just like other CEOs do.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-large-leaderboard-2','ezslot_8',196,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-leaderboard-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-large-leaderboard-2','ezslot_9',196,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-leaderboard-2-0_1');.large-leaderboard-2-multi-196{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}. The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. How much money does the highest-paid hospital CEO make? Both Duke and Mission were nonprofit integrated health systems based in North Carolina. Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. A chief executive officer (CEO) is often responsible for formulating policies, coming up with long-term strategies, and giving an organization overall direction.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-large-mobile-banner-2','ezslot_13',198,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-large-mobile-banner-2','ezslot_14',198,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0_1');.large-mobile-banner-2-multi-198{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}. Organizations making less than $50,000 dont have to file either form but do have to let the IRS theyre still in business via a Form 990N "e-Postcard.". We and our partners use cookies to Store and/or access information on a device. The median annual salary of CFOs is slightly lower according to Payscale data: around $140,400 as of June 2022. By collaborating closely with the chief nursing officer (CNO) or chief medical officer (CMO), the hospital CEO is accountable for providing the highest quality of patient care (CNO). The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. Daniel I. Simon, MD. Job Openings for This Role, Salary range for a Hospital Chief Executive Officer, Career Match Pro - Missoula SUNY Downstate Health Sciences University: Berger David H: Vice Pres Hosp Affair: New York State Comptroller: 2020: University at Buffalo: Leipold Lance O: Div I Head Football Coach (Rp) New York State Comptroller: 2017: Stony Brook University Hospital: Pasternak Lewis Reuven: Vice Pres Hosp Affair: New York State Comptroller: 2018: Stony Brook . They accomplish their mission through innovative and effective systems of care and by bringing people and resources together, creating value for their patients and the community. The report's figures include the base salary and a bonus, with the base salary comprising 68% to 76% of the pay. From https://projects.propublica.org/nonprofits. We are grateful to Mary Maples for her leadership and her willingness to step into this critical interim role, even though she chose not to pursue the permanent position, Freeman said. Read Bio. Here is the average hospital CEO pay per hour by hospital size and the ratio of CEO wage to other workers wage: Among larger hospitals with 400 or more beds, hourly CEO compensation ranged from $88 to $3,289. DUKE UNIVERSITY HEALTH SYSTEM INC DURHAM, NC 27701-3658 | Tax-exempt since June 1998 EIN: 56-2070036 Classification ( NTEE ) Community Health Systems (Health General and Rehabilitative). Michael Neidorff: He is the CEO of Centene Corporation which belongs to the field of healthcare. The system has a $1.5 billion budget and nearly 8,000 employees. 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. on What Are The Salaries Of Hospital CEOs? 2 in U.S.) for community benefit. Here is the average hospital CEO pay per hour by hospital type and the ratio of CEO wage to other workers wage: Copyright © 2023 Becker's Healthcare. Soaring compensation for hospital executives . He was paid $714,173 in bonuses and incentives. His base salary was $1,373,402 in 2014. Financial: Data from Consolidated financial statement as of 2017-12-31. Mailorder Fruit: Where to Find the BestFruit, Executive Compensation at the International Fellowship of Christians and Jews (2020), Executive Compensation at UPMC (Pittsburgh, PA), Executive Compensation at the American Red Cross (2021), Executive Compensation at the Girl Scouts, Executive Compensation at the Girl Scouts (2021), Executive Compensation at Kaiser Health (2019), Executive Compensation at United Way (2019), Executive Compensation at UnityPoint Health, Executive Compensation at the San Diego Zoo Wildlife Alliance(2020). Former hospital CEO. Dr. Boutros's salary is below average even with 30 to 40 percent bonuses that we found are not strictly tied to patient care. Residency Program Director, Jobs with a similar salary range to Hospital Chief Executive Officer : She has more than 20 years of healthcare experience. Current CEO, Donna Hyland, was paid $865,514 in 2008, including $52,248 earned in prior years. The CEO is accountable for safe and quality patient care ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 25 days ago, Oak Valley Hospital District - Oakdale