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. , Of the 20 most highly compensated individuals, 17 (85%) are male and 3 (15%) are female. . on What Are The Salaries Of Hospital CEOs? 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. Another factor is geography. President, University Hospitals Rainbow Babies & Children s and MacDonald Women s hospitals. Similar Job Titles: Your California Privacy Rights / Privacy Policy. This position will oversee 2 hospitals totaling 250 beds ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today, Community Hospital Corporation - Abilene These executives frequently hold doctoral degrees, like an MHA or MPH. Apply to Administrator, Director of Quality, Chief Executive Officer and more! Analyze the market and your qualifications to negotiate your salary with confidence. While department heads may select, recruit, and train their staff members, the CEO will have a significant role in selecting hospital executives and leaders. The ultimate hospital CEO salary depends on a variety of factors. Soaring compensation for hospital executives . I return to University Hospital with a profound appreciation for its continued commitment to the underserved communities of Newark, he said. HR Assistant NEW! President and CEO of Montefiore Medical Center. Nonprofit organizations that spend $750,000 or more in Federal grant money in a fiscal year are required to submit an audit covering their finances and compliance. According to data from PayScale.com, the upper 10% of hospital CEOs earn a salary in the $305,000 range. The geographic market may also affect pay. Thomas Jefferson University Hospital President and trustee Richard Webster 2016 income $802,994 6. Your email address will not be published. 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. 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}. Based in Phoenix, Arizona, Banner Health* paid out $34 million to just two. 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. He was paid $1,303,100 in bonuses and incentives. The majority of CEOs also get bonuses, with the typical yearly compensation being estimated at $29,700. Employees: 1,925, of whom293 received more than $100,000. The resulting system of five hospitals is now Rochester Regional Health, which includes 150 total provider sites, according to the systems website. Healthcare Based on 1732 salaries Registered Nurse 413 salaries Registered Nurse, BSN 135 salaries View More Finance & Accounting Based on 211 salaries Patient Access Representative 65 salaries Patient Account Representative 15 salaries View More President and CEO of Rochester General Health System. Some hospital CEOs were paid twice the rate of other workers, while the highest paid received 60 times the hourly pay of general workers. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Daniel I. Simon, MD. Tanya Freeman, chair of the University Hospital board of directors, said she felt Jimenez is a great fit for the role. Current CEO, Donna Hyland, was paid $865,514 in 2008, including $52,248 earned in prior years. To provide solid leadership, be rigorous in hiring, and come up with creative solutions for patient care, health systems, and hospitals look to their top executives. Greater metropolitan regions typically have greater living expenses and higher pay for health care executives. Their duties tend to focus on the business and legal aspects of healthcare, and this requires specialized education and exceptional nurse leadership skills. According to our latest salary estimation on February 27, 2023. The CEO of a hospital is in charge of all activities at the hospital. Across all nonprofit hospitals, the average CEO compensation per hour was $249, and the average hourly worker wage was $29. Read Bio. The average salary of Chief Executive Officer is higher than Hospital Chief Executive Officer. Please enter the following pay factors for Hospital Chief Executive Officer, to get a real-time salary target. all earn at least $900k per year, and into the tens of millions for the largest of hospitals and health systems. 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. With about 14,000 workers, the regional system is the Rochester areas second-largest employer. The following are some of the most important skills for a hospital CEO. The cost of living is tied to salaries. The Becker's Hospital Review website uses cookies to display relevant ads and to enhance your browsing experience. The researchers found that urban location and teaching status were also associated with higher executive hourly compensation compared to general worker wages. Corwin was hired at New York-Presbyterian in 1979. 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. Extracted financial data is not available for this tax period, but audit documents are available for download. Weatherhead School of Management at Case Western Reserve University Data is based on information hospitals provided in federal tax filings in 2014. $54,560 / yr. Research Assistant salaries - 84 salaries reported. All Rights Reserved. Bergenfield, NJ typically sees higher pay than Meridian, MS for Hospital Chief Executive Officer. Copyright 2023 Becker's Healthcare. 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. Highest paid: Dr. Craig Thompson, president and CEO, at $2,944,926, including bonus and incentives of $886,016. The District of Columbia Nurses Association . While the highest-paid nonprofit CEOs are in healthcare and financial services, things get more interesting when we look at normal charities. 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. 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). 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. 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. 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. The two exceptions were. '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. Neidorff was born and grew up in Altoona, Pennsylvania. Vantage orchestrates sale to bring marijuana cultivation facility, hundreds of jobs to A.C. DOL makes $4M more available for apprenticeships in nontraditional fields, Simplicity, Insurance Designers of America merge to offer unrivaled insurance solutions. 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. maid chauffeur, maid, chef, etc). Employees: 499, of whom71 received more than $100,000. Hospitals with a fiscal year ending December 31 are to report by May 15. . A hospital CEO receives an average salary of $160,000. Highest paid: Dr. John Conlon, vice president of medical affairs, at $564,411, including bonus and incentives of $17,497. 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. He is 39. An example of data being processed may be a unique identifier stored in a cookie. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Gov. Payscale reports a median annual salary for CEOs of around $156,300 as of June 2022. It often takes years of experience in healthcare management to become the CEO of a hospital. An exclusive 5 On Your Side investigation has found Ohio hospital CEOs are benefiting from dramatically rising salaries for hospital executives across the country. Although doctors and other medical professionals may comprise a hospitals key staff, the CEO is the organizations manager. 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. The total pay included $2,086,033 in retirement and deferred compensation, along with other pay and benefits. However, at hospitals whose annual revenue topped $1 billion, the average CEO salary was $1.4 million. 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. He has been a part of the IU Health team for more than two decades, most recently serving as president of IU Health Physicians. 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. 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}. Recently searched related titles: On Monday evening, the GMCB published on its . Hospital, General (Health General and Rehabilitative) Nonprofit . PAYOUTS: NY hospital payouts growCONFLICTS: NY hospital conflicts, perks. President, Academic & External Affairs and Chief Scientific Officer University Hospitals Health System. Manage Settings Mr. A degree in medical management or a masters degree in business administration (MBA) is a less popular but still feasible option. Guidestar reported that only one . Some hospital systems may also offer additional chances for profit sharing. Salaries, other compensation and benefits: $1,731,477,540. Highest paid: Keith Safian, president, at $1,494,760, including bonus and incentives of $280,989. Michael Neidorff: He is the CEO of Centene Corporation which belongs to the field of healthcare. Highest paid: Dr. Rajiv Ratan, director of Burke Medical Research, at $999,482, including bonus and incentives of $467,000. 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 has been collecting compensation information from each hospital. Where Does $100 to Shriners Hospitals Go(2020)? Corwins base salary was $1,633,434 in 2014. Last year, the University of Vermont Medical Center CEO made more than $2 million. Highest paid for hospitals above are based on the highest compensation at that site and doesnt reflect parent organizations. The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. 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 hospital's size. University Hospital is New Jerseys 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. 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. Employees: 1,349, of whom150 received more than $100,000. Financial: Data from Consolidated financial statement as of 2017-12-31. This chart shows the salary comparison for Hospital Chief Executive Officer between major cities. 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. 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. How much do Lehigh Valley doctors and hospital administrators earn? Your email address will not be published. Baptist Medical Center in San Antonio has appointed Benjamin Richaud as CEO. Employees: 829, of whom63 received more than $100,000. Lawrence Hospital Center, . Comparing compensation (CEO vs. CFO) reveals that both roles typically have at least a six-figure salary. Like Hern, Clement left in November of that year. Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). We began the search for our next president and CEO with several goals and expectations, she said. -. Employees: 2,839, of whom516 received more than $100,000. president and CEO, at $678,946. Salaries, other compensation and benefits: $263,235,756. 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. We found hospital CEOs in Ohio earning up to $4 million a year. Simply type in your destination (building, department, doctor's office) and the app will display turn-by-turn walking directions to help get you there. We wanted a leader with the experience to propel our vision of improving health for generations to come.. The total pay included $17,000 in retirement and deferred compensation, along with $2,072,767 in other payments and benefits. Highest paid: Ronald Corti, president and CEO, at $678,946. 34,553 Temple University Episcopal Hospital $85,000 jobs available on Indeed.com. Where Does $100 to Alliance Defending Freedom Go(2020)? Am I understanding this correctly that finances are mixed between the medical side of Penn and the University/Research side of Penn? 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. How much does a Hospital Chief Executive Officer make? Linking and Reprinting Policy. Both Duke and Mission were nonprofit integrated health systems based in North Carolina. 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. The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. University Health System CEO George Hernndez Jr. has been awarded a nearly 7 percent increase in total compensation, marking his fourth consecutive pay raise and bonus in as many years. Theyre provided by the Federal Audit Clearinghouse. Silvers argues those surveys may be misleading. He heads the affiliated Bronx-based Montefiore Health System, which includes 10 hospitals and 190 other health provider sites, including several throughout the Hudson Valley, according to the systems website.