Hazen and other senior leaders at Nashville-based HCA were handsomely rewarded for the company's strong financial performance in 2019.
HCA Healthcare CEO Samuel N. Hazen received $26.7 million in total compensation in his first year at the helm of the nation's largest for-profit hospital system.
That compensation is 478 times higher than the median employee compensation of $50,012 annually, according to a filing with the Securities & Exchange Commission.
Hazen and other senior leaders at Nashville-based HCA were handsomely rewarded for the company's strong financial performance in 2019, which saw total revenues of nearly $12.3 billion, a 6.2% increase year-over-year.
Hazen's compensation came in the form of $1.4 million in salary, $5.9 million in stock, $5.6 million in SAR awards, $4 million in non-equity incentives, $9.5 million in pension value and deferred earnings, and $126,000 in "all other compensation."
William Rutherford, HCA's CFO, received total compensation of $6.3 million; Jon M. Foster, president of HCA's American Group, received $7.7 million; Charles J. Hall, president of HCA's National Group, received $6.5 million; Jonathan B. Perlin, MD, CMO, received $5.9 million; and former CEO R. Milton Johnson received $4.3 million.
HCA ended 2019 with total revenues of more than $46.7 billion, up from $43.6 billion in 2018, and a net income of $3.8 billion, well exceeding its $2.2 billion during the prior year.
John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.
Photo credit: Piotr Swat / Shutterstock.com
KEY TAKEAWAYS
Hazen's compensation is 478 times higher than HCA's median employee compensation of $50,012 annually.
HCA ended 2019 with total revenues of more than $46.7 billion, up from $43.6 billion in 2018.