BURBANK, Calif.--()--Despite the Great Recession, the pay of many not-for-profit hospital chief executive officers in California continued to increase in size, with seven-figure pay packages growing dramatically, according to the second Payers & Providers compensation survey.
“Despite the concerns aired in recent years by political leaders and the Internal Revenue Service about large pay packages at institutions with ostensibly charitable missions, the seven-figure payday for non-profit hospital and healthcare executives continues to move toward a routine event”
Although base compensation grew slightly from the last survey based primarily on 2007 data and additional compensation declined, dozens of non-profit hospital and system executives received $1 million-plus compensation packages in 2010, the most recent year for which data was available.
Altogether, 32 non-profit hospital CEOs received compensation of $1 million or more during 2010. That included 20 standalone hospital CEOs, two district hospital CEOs, nine system CEOs and one UC hospital CEO. That comprises more than 20% of the 154 CEOs surveyed. By comparison, little more than 15% of those CEOs in the prior survey received more than $1 million a year in compensation.
“Despite the concerns aired in recent years by political leaders and the Internal Revenue Service about large pay packages at institutions with ostensibly charitable missions, the seven-figure payday for non-profit hospital and healthcare executives continues to move toward a routine event,” says Payers & Providers Publisher Ron Shinkman, who wrote the survey and analyzed its data.
And while a significant pay gap between male and female CEOs closed considerably in this most recent survey, the number of standalone women hospital CEOs dropped by nearly 30 percent.
New to this year's survey is compensation for three dozen district hospital CEOs, five University of California hospital CEOs and a separation between system and standalone hospital CEOs.
The survey's executive summary and data may be purchased by visiting the Payers & Providers website (www.payersandproviders.com) and clicking on the “White Papers” link.
The survey and data are available to members of the media for free. Media requests may be made by emailing email@example.com, or calling (877) 248-2360, extension 1.