county hospital ceo salary
Based on the figure Horner provided and financial statements filed with the state, the hospitals revenue has grown about 35% since 2012. Dans retirement in 2016 culminated a 17-year tenure at Memorial Hermann in which the organization experienced exceptional fiscal and organizational success, including national recognition for providing safe, high-quality patient care, as well as unprecedented growth and expansion in Greater Houston. In 2013, Withams CEO, Ingham, told the Indianapolis Business Journal that the money allows critical-access hospitals and rural-independent hospitals, like Witham, to remain solvent in a very competitive marketplace.. The health system will incur other costs related to Shannons departure. The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. According to data from the compensation website PayScale.com, the average median salary for a hospital CEO is $153,061. A hospital CEO receives an average salary of $160,000. Should College Football Turn Teenagers Like Desmond Ricks Into Millionaires? The hospitals also cited this law to hide one of the most fundamental public documents: government contracts. Late in the legislative session, lawmakers tacked on the secrecy amendment ironically, onto a government transparency bill that carved out the exemption for county hospitals. Average total cash compensation: $944,300. By continuing to use our site, you acknowledge that you have read, that you understand, and that you accept our. Investigating the six most highly paid non-profit hospital CEOs in 2017 and the income earned in a [+] four year period (FY2014-FY2017). On top of his severance payment, Shannon is eligible is to apply for a county pension this year. Early in the pandemic, Gov. , Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. Easy Apply. In 2018, Bernard Tyson, then-CEO of California healthcare giant Kaiser Permanente, made almost $18 million, making him the highest-paid executive of all nonprofit organizations in the U.S. Alan Sager, professor of health law, policy and management at Boston University, agreed. Its against this backdrop of secrecy that the COVID-19 crisis in nursing homes is playing out. Whether for the birth of a baby, an everyday "emergency," or complex surgery, we are committed to extraordinary, life-changing care. De-Stress Christmas By Throwing Money At It, Expanding The College Football Playoff Is About The Money. In a statement sent to IndyStar in March, Horner cited Majors long and documented commitment to quality and said that Major had turned down deals with at least 26 nursing homes solely because we did not have a comfort level that our mission and values aligned with the potential manager.. While many hospital CEOs formerly worked as physicians or otherwise have medical backgrounds, an increasing number enter the position from outside the health care industry, according to Managed Healthcare Executive. The law also only applies to contracts approved, renewed or renegotiated after Jan. 1, 2019. Meet Hemp-Derived Delta-9 THC. He likewise refused to disclose how many residents had died of the virus at individual facilities, citing his respect for private businesses even though 90% of Indianas nursing homes are owned by counties. All units of government in Indiana are required to disclose to the state and public what their employees make except county hospitals. ALMA, GA 204 E 15TH ST, 31510. Witham reported that nursing homes accounted for 39% of the hospital's revenue in 2019. Following in Marion Countys footsteps, executives at Witham and Major made deals with roughly 40 nursing homes each across the state. He lives in Durham NC with his awesome wife and two wonderful dogs. The day-to-day duties of a hospital CEO are similar to those of other top executives, as the U.S. Bureau of Labor Statistics (BLS) reports: Where hospital CEOs differ from other chief executives is in their commitment to helping patients. While ZipRecruiter is seeing annual salaries as high as $247,000 and as low as $21,500, the majority of CEO Hospital salaries currently range between $49,000 (25th percentile) to $196,000 (75th percentile) with top earners (90th percentile) making $223,000 . Stephens County Hospital has 172 employees, of which 48 are in a leadership position. A survey conducted by Gallagher Human Resources and Compensation Consulting demonstrates the impact of the COVID-19 pandemic on hospital CEO salaries and the executive compensation paid by hospitals and health care systems. Even after paying lavish salaries, these non-profit hospitals had enough left over to add nearly $40 billion to their bottom-line. How much does a CEO Hospital make? Operations include 28 hospitals, plus an employed medical group, an academic medical division, an insurance division, health centers and clinics, urgent care centers, outpatient Surgery Centers, Physical Therapy centers, imaging centers, retail pharmacies, home health services and more. We will update this piece with further responses, if any. The president of Banner made $21.6 million and an executive vice-president made $12.4 million. Today, estimates suggest the soaring cost of healthcare will consume 20 percent of our GDP. Your choice of employer is going to affect your health care CEO compensation. The compensationforthe President and CEO of Banner Health is established annually by the Compensation Committee of the Banner Health Board of Directors, which is comprised of independent outside directors. GA. Non-Profit Hospitals, Quantifying Government Payments and Financial Assets specifically looked at large nonprofits organized as charities under IRS Section 501(c)3 with the mission of delivering affordable healthcare to their communities. The estimated additional pay is $194,946 per year. However, according to Modern Healthcare 2020 Executive Compensation Survey, hospital CEO median salaries range from about $330,000 to $1.5 million, depending on the hospitals size. It's certainly, in my mind, not a credible argument to protect anything other than your rank-and-file staff, Mackey-Ross said. Creates an atmosphere conducive to information sharing and effective assessment that allows for real time research and adaptive behavior. (Antonio Perez / Chicago Tribune). Failing to order a ventilator for a woman who later died. Use our tool to get a personalized report on your market worth. We found that these hospitals add billions of dollars annually to their bottom line, lavishly compensate their CEOs, and spend millions of dollars, which are generated by patient fees, lobbying government to defend the status quo. Recruit Up, LLC - Atlanta Hospitals with a fiscal year ending June 30 are to report by November 15. We currently don't have any reviews for this job and need at least 5 ratings before we can calculate a satisfaction score. ", "Kaiser Foundation Hospitals and Health Plans objective is to provide reasonable and competitive compensation to all employees including senior management, relative to healthcare organizations of similar size and complexity. When summing the last four years of pay (2014-2017), each of these highly compensated executives - who made more than $10 million in 2017 alone - earnedan extraordinary amount of compensation:Ascension CEO ($59.1 million); Kaiser CEO ($29.8 million); Banner CEO ($29.6 million); Advocate Health CEO, based in Downers Grove, Illinois ($27.8 million); Memorial Hermann Special Advisor/CEO ($27.3 million); and Northwestern Memorial COO ($15.3 million). Opinions expressed by Forbes Contributors are their own. Even prior to the passage of the 2016 secrecy law, hospitals used a 2006 law regarding county hospitals and competitive information to keep salary information secret. Adjust Hospital Chief Executive Officer Salary: Not the job you're looking for? Your choice of undergraduate degree isn't particularly important as long as you have one. Get email alerts based on your topic preferences like news releases, job openings, emergency updates and more! The Financial Impact of COVID-19 on Health Care Organizations, Health Administration and the COVID-19 Vaccine, Health Care Administration: Lasting Impacts from COVID-19, Beckers Hospital Review, How COVID-19 Affected Healthcare Exec Compensation: 5 Things to Know, Beckers Hospital Review, Living Like a Leader: A Day with Jeff Welch, CEO of Florida Medical Center and Tenets Miami-Dade Group, Equilar, Equliar 100: The Highest-Paid CEOs at the Largest U.S. Companies, Gallagher Human Resources and Compensation Consulting, The Effects of COVID-19 on Healthcare Executive Cash Compensation, Managed Healthcare Executive, The Factors that Impact Healthcare Executive Compensation, Managed Healthcare Executive, The Future of Healthcare Leadership, Modern Healthcare, Executive Compensation Survey, PayScale, Average Hospital Chief Executive Officer Salary, U.S. Bureau of Labor Statistics, Top Executives, WOWT Omaha, Childrens Hospital CEO Reveals Plans, Goals as She Celebrates Her 100th Day, Copyright 2023 The University of Southern California. Although large hospitals pay more than $1 million, the average 2020 health care CEO salary is $153,084, according to Payscale, with more than 11,000 individuals self-reporting their income. In both years, he was compensated about twice as muchas the CEO of IU Health, which has annual revenues nearing $4 billion. Copyright 2023 Becker's Healthcare. The average Hospital Chief Executive Officer salary in Georgia is $180,063 as of January 26, 2023, but the range typically falls between $127,295 and $247,704. Demand for their skills in planning and management has never been higher. He worked at the old Cook County Hospital from 1990 to 2007 before departing to serve as chief medical officer at Dallas public health system. They are not reducing prices for patients. Although Shannons 2014 contract was amended in February 2019, when he received a $17,500 pay raise, its not clear whether that would make his severance subject to the the state law limitation, Suffredin said. Our report suggests patients are caught in a monopoly. Indiana nursing homes generate hundreds of millions of dollars in extra Medicaid funds that are used at county hospitals instead. GA. Major's nursing home strategy will continue to provide disproportionate cash and cash flow as long as the program remains in place, Moodys analysts wrote. Follow him on Twitter:@IndyStarTony. As of Feb 18, 2023, the average annual pay for a CEO Hospital in the United States is $120,416 a year. A health care CEO's salary in large American hospitals runs above $1 million a year. Source: Based on 2009 hospital tax returns, KHN analysis. In response to public records requests from IndyStar, all 22 public hospitals cited the secrecy clause in denying the request. MEDIAN. $156k. His pay was disclosed in a separate public document a tax filing prepared for county hospital foundations. $74k. Note: Data is based on more than 1,350 participating hospitals and health systems and 839 CEO respondents. 3) O'Donnell's compensation included $4,084,991 . Becker's Hospital Review: The Most Important Thing a CEO Does, Payscale: Average Hospital Chief Executive Officer Salary, MHA Online: A Day in the Life of a Hospital CEO An Interview With Dr. David Pate, Becker's Hospital Review: 50 Things to Know About the Hospital Industry | 2017, Modern Healthcare: Hospital CEOs Get Big Raises Despite Pressure to Control Health Care Costs. One Team. Our new oversight reportInvestigating The Top 82 U.S. What is your current role in health care? According to the North Carolina researchers, the state's nine largest nonprofit hospital systems paid 11 current or former CEOs a total of $38.7 million in 2019. Knowing what the work is like on the front lines will give them a better perspective on the people working under them. How much does a Hospital Chief Executive Officer make in Georgia? Maintains a highly visible presence, interacting constantly with key stakeholders to inform and advise them of strategies, current healthcare trends, legislation and activities. It's not just the knowledge you gain that qualifies you but also the networking and connections you forge with the players who make the hiring decisions. Banding the income of the top-paid executive in the Top 82 U.S. Average hospital CEO compensation per hour: $529 Ratio of CEO wage to other workers wage: 14:1 Minor teaching hospital Average hospital CEO compensation per hour: $292 Ratio of. Thats the kind of money you might expect the CEO of one of the largest hospital chains in the country to earn. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Ditch The News, Maybe Play Doom Instead, The First Rule Of Sky Club: Airport Lounges In Five Cs. The hospitals concern is, (administrators) salaries have been made publicly available, then they can be, they can be cherry picked, he testified. Those documents could contain key insights into the hospitals relationships with the nursing homes, such as how much power they have given to the private, often for-profit companies to make staffing decisions. They exist as both a recruitment and retention tool in an industry that is highly competitive.. That means, in all,IndyStar obtained CEO salary information for only fourout of 22 county hospitals that own nursing homes. Indianas county hospital executives may have been rewarded for their role in bringing supplemental nursing home funds into the hospitals. CUMBERLAND COUNTY HOSPITAL SYSTEM INC PO BOX 2000, FAYETTEVILLE, NC 283022000 www.capefearvalley.com Total Revenue $1,149,399,604 Total Expenses $1,118,905,731 Net Assets $557,017,569 Organizations Filed Purposes: CUMBERLAND COUNTY HOSPITAL SYSTEM, INC. Based on the company location, we can see that the HQ office of Bacon County Hospital is in ALMA, GA. Baseline statistics from the survey are consistent with a recent study in JAMA Internal Medicine. 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. IndyStar has already documented how HHCs nursing home buying spree generated more than $1 billion that was diverted from nursing homes to county hospital projects, including the $754 million Sidney & Lois Eskenazi Hospital. Adjusted compensation excludes any income reported in prior years. 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. Is Average Hospital Chief Executive Officer Salary your job title? Subsidiary health system CEO (median revenue of system: $716 million) Median base salary: $539,000. This includes devising and implementing policies designed to ensure that key goals are achieved. Employee Flight Risk, View all state and local government entities. We distribute our journalism for free and without advertising through media partners of all sizes and in communities large and small. Current CEO, Donna Hyland, was paid $865,514 in 2008, including $52,248 earned in prior years.3) ODonnells compensation included $4,084,991 in supplemental pay accrued from 1993-2008, according to the hospital.4) Vice retired in 2009 after 30 years at the organization. Learn how USCs Executive MHA program helps clinical and management professionals develop the knowledge and skills to fill leadership roles in the competitive health care environment. Compensation of South Coast AQMD Officers and Employees. People who'd usually go into a hospital or clinic are staying away unless their condition is serious, and unemployed workers who've lost their insurance can't afford medical care. 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. The median salary for the CEO of a New York metropolitan area hospital or health system was more than $1.1 million in 2017, plus about $58,000 in other compensation such as retirement-plan. Horner declined to be interviewed for this story and stopped responding to emails from IndyStar. But Ray Ingham isnt the chief executive of a major health system. Our auditors at OpenTheBooks.com looked at Americas healthcare system and found that so-called non-profit hospitals and their CEOs are getting richer while the American people are getting healthcare poorer.