Healthcare's Senior Leadership Pay Continues to Rise
Other members of the C-suite, too, are seeing increases, but the percentages vary by position. COOs at systems saw a modest 1.6% increase in base pay in 2012, but actually had a TCC decrease of -1.7%, cutting their overall salary and incentive pay to $249,100 (2012) from $253,300 (2011), the Sullivan, Cotter and Associates survey notes. However, the same survey notes that COOs at independent facilities got a 9.2% TCC boost to $375,900 (2012) from $341,200 (2011). Nationally, system CIOs received one of the largest TCC increases year over year, according to Sullivan, Cotter and Associates (5.8%). IHS reported a median base salary increase of (3.5%). In 2012, independent hospital CIOs' median base pay hit $217,100 (previously $205,000) while systems CIOs reached a base pay of $291,700 ($273,500 in 2011), according to IHS; Sullivan, Cotter and Associates tracked a 7.9% increase in TCC for all CIOs nationally reaching $254,300 (2012), up from $234,300 (2011).
Sullivan, Cotter and Associates reports healthcare system CFOs earned a median base pay of $205,000 (2012), up from $200,000 (2011). Their TCC increased 2.1% to $238,300 from $233,300 in that same period. Freestanding hospital CFOs had a 6% uptick in TCC reaching $340,000 (2012), up from $319,700 (2011).
Though nationally hospitals are focusing more on quality initiatives that require even greater clinician attention, CMOs received average salary increases in both surveys. IHS reports CMOs at systems had a base pay increase of just 2% while CMOs at freestanding hospitals had a slightly higher increase of 2.4%. Sullivan, Cotter and Associates' data shows a TCC increase of just 0.3% for CMOs at systems, while independent hospitals gave CMOs a 3% boost.
This article appears in the November 2012 issue of HealthLeaders magazine.
Karen Minich-Pourshadi is a Senior Editor with HealthLeaders Media.
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- 4 Tips for Managing Employed Physicians
- Defensive Medicine Still Prevalent Despite Tort Reform
- WellPoint Dominates Nearly Half of Markets, AMA Says
- 'Overtreatment' Debate Circles Back to Lung Cancer Screening