Multi-facility CEO salaries on the rise
Chief executive officers for multi-facility long-term care systems saw their salaries increase to an average of $465,875 in 2016, according to a new compensation survey.
The Hospital & Healthcare Compensation Service's “2016-2017 Multi-Facility Corporate Compensation Report,” released in late February, tracks the salary and bonus data for top corporate positions across long-term care, hospital and home health providers.
Average salaries for long-term care CEOs who oversee multi-facility systems reached $465,875, with an average annual bonus of $92,730. That's nearly $25,000 more than last year's $441,604 average salary, which also came with a whopping average bonus of nearly $175,000.
Broken down by revenue range in the national 50th percentile, pay for CEOs of systems bringing in less than $100 million averaged $396,999. CEOs of systems with more than $1 billion in revenues, on the other hand, sported an average salary of $822,266.
Long-term care chief operating officers made an average of $287,799 over the past year, with an average bonus of $67,251, the report showed.