Nursing home administrators’ salaries increased by slightly more than 3% between 2012 and 2013, according to a recent report.
Administrators now receive an average salary of $96,625, as compared to last year’s $93,419 average, according to the Hospital & Healthcare Compensation Service’s 2013-2014 Nursing Home Salary & Benefits Report.
Additionally, administrators at continuing care retirement communities tended to fare better, earning an average of $2,000 more than nursing home administrators.
The report also showed that directors of nursing saw their salaries increase by 2.63%, making their salaries average close to $83,000. While administrators had the greatest salary increase this year, nursing homes’ chief financial officers came in a close second, with a 2.85% increase. Their salaries now average more than $115,000.
Admission coordinators received the report’s worst news: their salaries increased by the least amount of any surveyed salary position, at only .19%.
Approximately 2,300 facilities were surveyed, including both privately and publicly funded institutions, skilled nursing facilities and continuing care retirement communities. This is the sixteenth year the report has been released and is put together by the Hospital & Health Care Compensation Service with LeadingAge’s endorsement.
