CEO vs. CFO: Which Healthcare Executive Role Is Right for You? At the same time, both prominent medical researchers and consumer advocates are warning that multi-million dollar salaries are linked to profit and growth instead of patient care. 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. 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. He also worked at St. Josephs Healthcare System in Paterson (serving as system vice president from 2005-10) and Valley Health in Ridgewood (serving as director, operations, and business development from 1995-2001). 'twitter-wjs'); Hospital CEO salaries continue to increase nationwide, Give Light and the People Will Find Their Own Way, A recent study published in the Journal of American Medicine, Ohio State University Wexner Medical Center: $1.1 million, University of Toledo Medical Center; $800,000. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. How much does a Hospital Chief Executive Officer make? 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. DUKE UNIVERSITY HEALTH SYSTEM INC 615 DOUGLAS ST STE 700, DURHAM, NC 27705 www.dukehealth.org Total Revenue $3,776,782,982 Total Expenses $3,346,676,742 Net Assets $3,537,682,239 Organizations Filed Purposes: Executives Listed on Filing Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing all earn at least $900k per year, and into the tens of millions for the largest of hospitals and health systems. Highest paid: Ronald Corti, president and CEO, at $678,946. Employees: 620, of whom93 received more than $100,000. Where Does $100 to Shriners Hospitals Go(2020)? Salaries, other compensation and benefits: $82,445,082. Oak Valley Hospital District is currently seeking a dynamic President and Chief Executive Officer who will embrace our mission, vision, and values. 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}. The Internal Revenue Service is substantially delayed in processing and releasing nonprofit filings, so documents available here may not be the most recent an organization has filed. Chief of Staff Salary | Salary.com Dowling also heads the hospital's parent organization, Northwell Health, which is affiliated with 21 hospitals, including Northern Westchester Hospital in Mount Kisco. Copyright 2023 Becker's Healthcare. The system has a $1.5 billion budget and nearly 8,000 employees. The consent submitted will only be used for data processing originating from this website. Salary.com's. In his new role, he will lead the hospital's daily clinical operations, multiple departments and specialty centers. He was paid $1,991,728, including a $726,708 bonus. UW Medicine/University of Washington Medical Center: Seattle: 6/30/2020: 155: UW Medicine/Valley Medical Center: Renton: 6/30/2020: 010: The Becker's Hospital Review website uses cookies to display relevant ads and to enhance your browsing experience. CA. Dr. John Brumsted, the CEO of the University of Vermont Health Network and its flagship hospital, took in nearly $2.19 million in compensation that year. 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. Safyers base salary was $1,464,159 in 2014. . Your email address will not be published. as Interim President and CEO effective upon the departure of current President and CEO Shereef Elnahal, MD, MBA. Comparing compensation (CEO vs. CFO) reveals that both roles typically have at least a six-figure salary. 2 in U.S.) for community benefit. PAYOUTS: NY hospital payouts growCONFLICTS: NY hospital conflicts, perks. 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. Highest paid: Dr. Rajiv Ratan, director of Burke Medical Research, at $999,482, including bonus and incentives of $467,000. All Rights Reserved. Continue with Recommended Cookies. Many in this role enter the field with a BS in Healthcare Management, but MS degrees are not uncommon. MetroHealth Medical Center is a public hospital that is supported with $32.4 million of taxpayer money--roughly 5 percent of the hospital's budget. 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. I look forward to working with the UH team to expand the hospitals influence as a leading advanced care resource for the region and beyond.. 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. WASHINGTON, D.C. (January 21, 2022) - Howard University Hospital (HUH) announced today that Dr. Robert Linton, II has been selected as Chief Medical Officer (CMO). It has an affiliated nonprofit foundation that was included in the review. The Baltimore Sun analyzed the compensation packages of CEOs and presidents at Maryland hospitals and health systems. The average annual CEO pay in most nonprofit industries for 2018 was between $100,000 and $200,000, according to a 2022 analysis published in Health Affairs. 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. A 2021 report from the Economic Research Institute (ERI) found that the average annual CEO pay in most nonprofit industries was between $100,000 and $200,000 in 2018. The 41 most highly compensated individuals were reported to be: $4,822,512: Thomas Beeman, COO Regional Operations UPHS (Note: paid by a related organization) $3,537,020: Dr. Amy Gutman, President, Ex-Officio, Trustee $2,756,698: Larry Jameson, EVP UPHS and Dean of PSOM $2,622,630: Ralph Muller, CEO UPHS $1,992,782: Thomas L Spray, MD, CHOP Surgeon How much money does the highest-paid hospital CEO make? Dr. Ashish Jha, one of the studies principal researchers, said "basic elements of quality health care is not something CEO's seem to be using compensation on.". Working as a service line administrator, in the accounting department, or as the manager of a specific clinic or ambulatory center inside a larger healthcare facility are all opportunities to get relevant expertise. 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). Required: Commitment to approximately 2 years as an Associate Administrator and an ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 17 days ago, Texas Counseling Association - Austin The cost of living is tied to salaries. $38,209 / yr. Research Associate salaries - 69 salaries reported. ContinueCARE Hospital at Hendrick Medical Center, Abilene, TX, is looking for a Chief Executive Officer (CEO) who will provide leadership, strategic guidance and management direction to all aspects ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 14 days ago, Community Hospital Corporation - Cortez 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. "Although both CEO compensation and worker wage increase in a stepwise fashion as hospital size increases, increase in CEO compensation tends to exceed that of worker pay for larger hospitals, giving them a higher pay equity ratio," according to the authors of the study. Corwin was hired at New York-Presbyterian in 1979. This chart shows the salary comparison for Hospital Chief Executive Officer between major cities. Drexel University President John Fry 2016 income $2,226,838 7. Hospital CEO Career Outlook and Salary | Ohio University The ultimate hospital CEO salary depends on a variety of factors. 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. President and CEO of North Shore University Hospital on Long Island. MetroHealth CEO Dr. Akram Boutros declined repeated efforts to discuss his salary. TX. 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. Maples, University Hospital's Chief Legal Officer and Corporate Secretary, has . Across all nonprofit hospitals, the average CEO compensation per hour was $249, and the average hourly worker wage was $29. 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. "It's especially disturbing for taxpayers who are giving a non-profit hospital a tax break because they are expected to provide charity care to the community and at the same time the executive is making a million dollars a year," warned Carmen Balber, Executive Director of the California based Consumer Watchdog. 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. Salary ranges for a Hospital Chief Executive Officer can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. a Hospital Chief Executive Officer Salary in Bergenfield, NJ is $214,923 as of February 27, 2023; a Hospital Chief Executive Officer Salary in Meridian, MS is $165,371 as of February 27, 2023. 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. They must simultaneously exhibit business skills, healthcare knowledge, and forward-thinking. "This is part of the underlying business model that drives the nonprofit hospital landscape: Volume matters, and high-margin volume matters the most for the bottom line," the Lown Institute researchers said. MT. Top U.S. "Non-Profit" Hospitals & CEOs Are Racking Up Huge Profits - Forbes Employees: 1,015, of whomfivereceived more than $100,000. We began the search for our next president and CEO with several goals and expectations, she said. David Ingram, MD, is the chief medical executive for the Indiana University Health system. Your California Privacy Rights / Privacy Policy. How Much Does a Hospital CEO Make? - Best Degree Programs The CEO reports to the Vice President Hospital Operations, Community Hospital Corporation and assigned Hospital Board of Directors. UCHealth Executive Salaries | Comparably Average CEO pay by hospital size - Becker's Hospital Review The CEO is in charge of ensuring compliance with important accrediting bodies, including the Joint Commission, as well as local, state, and federal health departments. An exclusive 5 On Your Side investigation has found Ohio hospital CEOs are benefiting from dramatically rising salaries for hospital executives across the country. How Much Does SSM Health Pay in 2023? (2,716 Salaries) Residency Program Director, Jobs with a similar salary range to Hospital Chief Executive Officer : If you want to get more detailed salary information, please view. 3) O'Donnell's compensation included $4,084,991 . . There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. Three Rex Hospital doctors make up the rest of the top ten. Duke University Health System Inc - Nonprofit Explorer - ProPublica The base salary for Chief of Staff ranges from $226,073 to $342,447 with the average base salary of $282,247. University Hospital Names Mary K. E. Maples As Interim President & Ceo Please enter the following pay factors for Hospital Chief Executive Officer, to get a real-time salary target. Cooper University Health Care's executive management team has a wealth of experience in health care administration and development. Manage Settings on What Are The Salaries Of Hospital CEOs? Highest paid: Dr. Cary Hirsch, at $1,170,575, including bonus and incentives of $169,237. Recently searched related titles: How Revenue is Spent at the AFL-CIO(2020), $4,822,512: Thomas Beeman, COO Regional Operations UPHS (Note: paid by a related organization), $3,537,020: Dr. Amy Gutman, President, Ex-Officio, Trustee, $2,756,698: Larry Jameson, EVP UPHS and Dean of PSOM, $1,992,782: Thomas L Spray, MD, CHOP Surgeon, $1,951,261: Michael Sean Grady, MD Surgeon, Otorhinolaryngology, $1,751,381: Peter Ammon, Chief Investment Officer, $1,730,564: William C Welch, MD, Neurosurgeon, $1,664,227: Paul Marcotte, MD, Neurosurgeon, $1,612,634: Scott Adzick, MD, CHOP, Surgeon, $1,502,742: Peter D Quinn, MD, DMD, SVP, Vice Dean Prof Services, UPHS, $1,487,450: Kevin Mahoney, EVP Program Development, Executive Vice Dean, $1,169,574: Elizabeth B Johnston, Executive Director, CPUP, $1,131,179: Phillip Okala, SVP Business Development, UPHS, $ 865,001: Patrick Brennan, MD, SVP and Chief Medical Officer, $ 829,960: Wendy White, SVP and General Counsel, $ 766,510: John Zeller, VP Development and Alumni Relations, $ 761,669: Gail Morrison, Vice Dean, Education PSOM, $ 663,598: Rebecca Cooke, VP Admin PSOM (thru 6/16), $ 593,737: Gregory Rost, VP and Chief of Staff, $ 573,576: Thomas Murphy, VP Info Systems and Computing, $ 529,078: Stephen Golding, VP Finance and Treasurer (thru 2/16), $ 520,621: Anne Papageorge, VP Facilities and Real Estate, $ 514,975: Stephen J McCarthy, VP Communications, $ 504,004: Arthur Rubenstein, Former EVP and Dean of PSOM, $ 482,999: John Heuer, VP Human Resources, $ 447,466: Joann Mitchell, VP Institutional Affairs, $ 446,335: Bonnie Gibson, VP Budget and Management Analysis, $ 434,986: Jeffrey Cooper, VP Government and Community Relations, $ 431,735: Dawn Bonnell, Vice Provost for Research, $ 408,116: Maureen Rush, VP Public Safety, $ 404,759: Marie Witt, VP Business Services, $ 398,699: Leslie Kruhly, VP and Secretary, $ 335,504: Beth A Winkelstein, Vice Provost for Education, $ 292,345: Andrew Binns, Associate Provost, Amy Gutmann, President: Loan in amount of $1,250,000 for recruitment/retention; Balance due is $1,000,000, Eric J Furda, Dean: Loan in amount of $150,000 for recruitment/retention; Balance due is $150,000, Geoffrey M Garrett, Dean: Loan in amount of $150,000 for recruitment/retention; Balance due is $126,786, Pamela Grossman, Dean: Loan in amount of $150,000 for recruitment/retention; Balance due is $131,667, Rvijay Kumar, Dean: Loan in amount of $500,000 for recruitment/retention; Balance due is $500,000, Antonia M Villarruel, Dean: Loan in amount of $500,000 for recruitment/retention; Balance due is $130,357. We and our partners use cookies to Store and/or access information on a device. Michael Neidorff: He is the CEO of Centene Corporation which belongs to the field of healthcare. Samet is the president and CEO of MedStar Health, responsible for overseeing the $5.5 billion nonprofit . The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. Highest paid: John Federspiel, president (in 2014), at $2,055,377, including in bonus and incentives of $500,000. The Average Salary of a CEO of a Large Hospital | Work - Chron Follow @InvestigatorRon !function(d,s,id){var Thus, net fund assets went from $12.5 billion at the beginning of the year to $12.3 billion at the end of the year (of which $6.6 billion remained unrestricted and $2.4 billion was temporarily restricted, leaving $3.3 billion permanently restricted. Ed Jimenez, a Florida hospital executive who previously held top positions at three northern New Jersey health systems, on Thursday was named CEO of University Hospital in Newark. Published: ; Dec. 12, 2017, 12:04 p.m. Once again, many factors may have an impact on these high salaries. Chief Executive Officer. The following are some of the most important skills for a hospital CEO. According to our latest salary estimation on February 27, 2023.