Although the health board did not publicly give a reason for Shannons departure, there was growing concern among county officials about the rising costs of medical care not covered by either private-sector health insurance or Medicaid. Contact IndyStar reporter Tony Cook at 317-444-6081 ortony.cook@indystar.com. For 2013, the median base salary for independent health system CEOs is roughly $750,000, while the median independent hospital CEO salary is roughly half that at $380,000. 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. 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. Employee Flight Risk, One Team. Through nationally-recognized programs and services, we offer a level of care that not only exceeds community benchmarks, but allows us to restore the health and dignity of those we serve. Median total cash compensation: $873,800. Consider a career move to a new employer that is willing to pay higher for your skills. The president of Banner made $21.6 million and an executive vice-president made $12.4 million. Individualize employee pay based on unique job requirements and personal qualifications. 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. Encompass Health - Newnan Their work encompasses all aspects of modern health care, from the most technical to the most routine. Linking and Reprinting Policy. Ditch The News, Maybe Play Doom Instead, The First Rule Of Sky Club: Airport Lounges In Five Cs. To promote CEO retention, hospitals are focusing on long-term incentives and deferred compensation. These professionals can play a significant role as hospital executives by combining high medical standards with leadership abilities and business management skills. Horner declined to be interviewed for this story and stopped responding to emails from IndyStar. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. And roughly one in five Major-owned facilities have attracted special attention from regulators for having a pattern of serious problems. 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. * Completes a broad variety of administrative tasks for the Chief Executive Officer ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 42 days ago. Maintains a highly visible presence, interacting constantly with key stakeholders to inform and advise them of strategies, current healthcare trends, legislation and activities. Are you. On top of his severance payment, Shannon is eligible is to apply for a county pension this year. According to data from the compensation website PayScale.com, the average median salary for a hospital CEO is $153,061. Copyright 2023 Becker's Healthcare. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Under the direction of the Chief Administrative Officer or designee, serves in an executive . Yetexecutive pay is often linked to, among other things, the revenues and complexity of an organization, said Mackey-Ross. Additional opportunities for profit sharing may also exist in some hospital systems. Stay updated by joining our mailing list! Banner Health: "The President and CEO of Banner Health leads one of the largest health systems in the country with more than 52,000 employees across six states. Get the latest market price for benchmark jobs and jobs in your industry. CEO salaries are rising faster in large health care systems than in small and midsize organizations due to heightened competition for executives with top-level management experience and business acumen. Hospitals with a fiscal year ending June 30 are to report by November 15. All Rights Reserved. The estimated additional pay is $194,946 per year. A health care CEO's salary in large American hospitals runs above $1 million a year. Subsidiary health system CEO (median revenue of system: $716 million) Median base salary: $539,000. Public employees typically must disclose their taxpayer-funded salaries, but Ingham and other county hospital executives across Indiana are hiding behind arare exemption added to state law in 2016. No, you don't do that, Mackey-Ross said. Similarly, Jeff Welch, CEO of Florida Medical Center in Fort Lauderdale, stresses the opportunity to positively influence the lives of his staff and their patients throughout his workday. What is your current role in health care? The author of that bill, former State Sen. Pete Miller,said he does not recall what specifically inspired the amendment, except that it had to do with hospitals competing for employees. Mike Pence. Increasing your pay as a Hospital Chief Executive Officer is possible in different ways. Source: Based on 2009 hospital tax returns, KHN analysis. Independent health system CEO (median revenue of system: $864 million)Median base salary: $750,000Average base salary: $754,400Median total cash compensation: $873,800Average total cash compensation: $944,300, Subsidiary health system CEO (median revenue of system: $716 million)Median base salary: $539,000Average base salary: $568,100Median total cash compensation: $645,700Average total cash compensation: $690,100, Independent hospital CEO (median revenue of hospital: $167 million)Median base salary: $380,000Average base salary: $421,800Median total cash compensation: $402,500Average total cash compensation: $479,700, Subsidiary hospital CEO (median revenue of hospital: $139 million)Median base salary: $309,500Average base salary: $329,300Median total cash compensation: $368,700Average total cash compensation: $391,000, More Articles on Hospital CEO Compensation:The Elephant in the Room: Hospital CEOs' Paychecks Vanguard CEO Charles Martin Jr.'s Compensation Falls to $4.9M in 2013 Nonprofit Hospital CEO Pay Averages $600k And Not Tied to Quality. $309k. A 2018 study in the Clinical Orthopaedics and Related Research journal found that pay increases for CEOs and other hospital executives have grown steadily throughout the 21st century. 10-1! Our report suggests patients are caught in a monopoly. Its unclear whether that law would apply to Shannon, however. Contact Tim Evans at 317-444-6204 ortim.evans@indystar.com. It then continues up the Tugaloo (originally Tugalo) and into the Chattooga River, its most significant tributary. Its this law that some hospitals cited when refusing to disclose the amount of money they divert from the nursing homes to their own coffers. If a story is labeled All Rights Reserved, we cannot grant permission to republish that item. Of the 15 facilities being considered for this enhanced scrutiny, eight belong to Major. Your choice of undergraduate degree isn't particularly important as long as you have one. Here are further demographic highlights of the leadership team: Compensation data tools, salary structures, surveys and benchmarks. Source: Wikipedia (as of 04/17/2019). He has also refused to disclose the share of nursing home funds Major diverts. But those filings showed compensation at only three county hospitals. How Much Does a Chairman of a Hospital Make? Havenwyck Hospital (UHS) Executive Assistant. IndyStar attempted to find executive compensation data for all 22 county hospitals that own nursing homes, but was able to obtain information about just these four: Witham Health Services in Boone County; Major Hospital in Shelby County; HHC of Marion County; and Greene County General Hospital. The law now adds to a blanket of state-sanctioned secrecy that hospitals have used to grant themselves broad discretion to deny requests for information. How much does a CEO Hospital make? We appreciate all forms of engagement from our readers and listeners, and welcome your support. GA. Thats a reversal of fortune for the health system, which saw significant reductions in unpaid health care under the federal Affordable Care Act, known as Obamacare. Recommends, implements and evaluates approved changes to meet the standards of care ensuring compliance with patient census, including, but not limited to, budgeting, staffing, equipment needs and operating plans. See user submitted job responsibilities for Hospital Chief Executive Officer. Baseline statistics from the survey are consistent with a recent study in JAMA Internal Medicine. The communities that they serve, and that they represent, deserve to know how much they're being compensated. Officer down, officer down!: 911 call from scene where Chicago cop shot, left very critical on Southwest Side, Photos: Chicago cop shot, left very critical on Southwest Side, Colson Montgomery, the Chicago White Soxs top prospect, is taking it all in during major-league camp, Do Not Sell/Share My Personal Information. Adjusted compensation excludes any income reported in prior years. Because of the secrecy allowed under state law, its impossible to know if the pay of any of the executivesIndyStar obtained pay data for runs higher than the average county hospital executive in Indiana, or if other hospital executives saw salary bumps as they pursued the nursing home agreements. His compensation included more than $417,000 in bonuses, most of which he received since Major started to acquire nursing homes. That means, in all,IndyStar obtained CEO salary information for only fourout of 22 county hospitals that own nursing homes. Cook County Hospital was the first to have a dedicated unit for trauma . The average Hospital Chief Executive Officer salary in Georgia is $179,633 as of December 27, 2022, but the salary range typically falls between $126,989 and $247,116. The role of hospital chief executive officer (CEO) affords you the ability to pursue a unique kind of professional achievement. IndyStars investigation found several instances of residents who suffered severe, sometimes deadly injuries in Indianas county-owned nursing homes. Another resident was hospitalized with severe septic shock and ultimately died after developing serious bed sores at the facility. Hemphill, TX 75948. Patients have a right to ask whether doctors are working for them or for the lavishly compensated hospital CEO. You can support KHN by making a contribution to KFF, a non-profit charitable organization that is not associated with Kaiser Permanente. The study, published in Health Affairs Feb. 10, found the gap between CEO pay and average worker pay varied widely. On top of this, most CEOs receive a bonus, with the average annual bonus estimated at $29,691. Residency Program Director, Jobs with a similar salary range to Hospital Chief Executive Officer : In 2017, our Community Benefit contribution totaled $906.5 million. photo credit: [+] Getty. Hospital Employee Compensation 2020 Reports Reports are due 135 days after the end of the hospital's fiscal year. ALMA, GA 31510. (Antonio Perez / Chicago Tribune). Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Any top-level position at a large, bustling organization puts high-pressure demands on the person who fills it. Even after paying lavish salaries, these non-profit hospitals had enough left over to add nearly $40 billion to their bottom-line. Two or more years of recent (within the last five years ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 41 days ago, John and Lillian Miles Lewis Foundation - Atlanta Dans employment contract, which aligned with overall healthcare industry standards, recognized his contributions to the organization and the community as a whole.". Indiana nursing homes generate hundreds of millions of dollars in extra Medicaid funds that are used at county hospitals instead. 1.9. Yet the secrecy continues. Yet quality at 72% of its facilitiesare rated below or much below average by the Centers for Medicare and Medicaid Services. ", Memorial Hermann: "As CEO, Dan (Woltermandan) received a supplemental executive retirement package, which providedforan annual contributionforeach year of service. Most receive [+] $1+ million packages. Horners compensationas CEO, meanwhile nearly doubled between 2009 and 2018, from$287,656 in 2009 to$549,580 in 2018. When he retired at the age of 60 in 2016, he was fully vested in the benefit and elected to receive a one-time lump sum payment in lieu of an annuityDans 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. 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. All units of government in Indiana are required to disclose to the state and public what their employees make except county hospitals. Many hospitalshave also denied requests to show how much money they have divertedfrom the homes. CEOs manage the overall direction of their organizations. KHN is an editorially independent program of KFF (Kaiser Family Foundation). 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