Some of the most powerful leaders in long-term care are in for a modest average pay hike this year.
Executives in corporate positions for multi-facility long-term care providers are set to receive a 2.61% increase in pay in 2019, according to a new analysis from Hospital & Healthcare Compensation Services (HCS).
On average, chief executives working for multi-facility long-term care organizations earned an annual salary $415,335, according to the report. Base pay for CEOs, not factoring in bonuses and other compensation, averaged $284,328 with organizations tallying annual revenues of less than $50 billion. That average climbed to $368,477 for companies earning between $50 to $100 billion. Those leading organizations with more than $100 billion earned $616,630.
HCS based its newest Multi‐Facility Corporate Compensation Report on data from 43 long-term care companies, representing hundreds of facilities and thousands of individuals served. Most providers polled were nonprofits and include nursing homes, continuing care retirement communities and assisted living facilities.
The report, which was released last week, also includes salary and bonus info for leadership positions in multi-facility hospital, hospice and home health organizations. It’s available for purchase for $220 for participants who did not prepay and $675 for nonparticipants.
HCS also announced Friday that work is underway to produce the 42nd annual Nursing Home Salary & Benefits study, which is published in cooperation with LeadingAge and supported by the American Health Care Association. The deadline to participate is May 6 with the results set to be published in July. There is no cost to take part, and participants can purchase the results at a discount price of $175. Questionnaires are available here.