CEOs at independent hospitals saw the largest average base salary increase, 6.4 percent, between 2013 and 2014, according to the 2014 Manager and Executive Compensation in Hospitals and Health Systems Survey from Sullivan, Cotter and Associates.
Although average base salaries increased across the board for several C-suite positions, some positions saw greater increases than others. For instance, CFOs of health systems saw the largest increase in compensation as opposed to CFOs at independent or system-owned hospitals.
The average base salary increases between 2013 and 2014 are as follows, according to the survey results:
Health system
- CEO — 2.6 percent
- COO — 2.9 percent
- CFO — 3.5 percent
- CMO — 2.5 percent
Independent hospital
- CEO — 6.4 percent
- COO — 4.5 percent
- CFO — 2.1 percent
- CMO — 4.9 percent
System-owned hospital
- CEO — 1.7 percent
- COO — 1.7 percent
- CFO — 2.5 percent
- CMO — 1.7 percent