CEO base pay continues to grow at a higher rate than other titles, according to the 2014 Hay Group Healthcare Compensation Study on compensation at hospitals and health systems.
Additional findings from the Hay Group survey include:
- From 2013 to 2014, the median base salary increased 2.4 percent for CEOs, 2.1 percent for COOs and 1.5 percent for CNOs. The median base salary decreased 0.2 percent for CFOs and remained the same for CMOs.
- Overall, in the integrated healthcare nonprofit sector, same incumbent base salary increases were slightly smaller in 2013 to 2014 (2.5 percent), as compared to 2012 to 2013 (2.8 percent). CEOs, however, received an average increase of 5 percent in 2014, up from 4 percent in 2013.
- Senior executives at non-system hospitals saw base salary increases of 3 percent, steady with 2013.
- Non-system CEOs' base salaries increased 4.3 percent, the highest of all job categories measured and an increase over last year's 3 percent.
Hay Group surveyed 128 integrated healthcare systems and subsystems and 1,099 independent hospitals.