How much money does a CEO of hospital earn?
According to the American Hospital Association (AHA), the median annual salary for hospital CEOs was $632,000 in 2021. The top 10% of CEOs earned more than $1 million, while the bottom 10% earned less than $450,000.
CEO compensation can vary significantly depending on a number of factors, including the size and location of the hospital, the CEO's experience and qualifications, and the organization's financial performance. For example, CEOs of large, urban hospitals typically earn more than CEOs of small, rural hospitals. CEOs with advanced degrees and many years of experience also tend to earn more than those with less education and experience.
In addition to their base salary, hospital CEOs can also receive a variety of other compensation, such as bonuses, incentives, and retirement benefits. The total compensation for hospital CEOs can be quite high, especially for those who work at large, successful organizations.
Here are some additional details about hospital CEO compensation:
* The average annual bonus for hospital CEOs was $235,000 in 2021.
* The average annual incentive payment for hospital CEOs was $170,000 in 2021.
* The average annual retirement benefit for hospital CEOs was $200,000 in 2021.
It is important to note that hospital CEO compensation is just one of many factors that can affect the cost of healthcare. Other factors, such as the cost of medical supplies, pharmaceuticals, and insurance, also play a significant role in determining how much patients pay for their healthcare.