The compensation among the chief executive officers of the largest hospitals in the 10 largest cities in the United States show a huge gap in what the heads of private not-for-profit and government-operated hospitals are paid.
According to an examination of the nine hospitals by FierceHealthFinance, every single CEO of the not-for-profit hospitals earned at least $1 million a year in compensation, while one had a retirement payout that bumped his compensation to nearly $10 million in 2010, the most recent year for which data was available.
Altogether, the eight CEOs of not-for-profit hospitals on the list earned an average of $3.4 million in annual compensation. By contrast, the two public hospital CEOs earned $411,594. That drops to an average of $348,594 when a large pay raise given to Phoenix's Maricopa Medical Center CEO Betsey Bayless this year.
San Antonio did not have any available data, as the City of Lights's largest hospitals are all for-profits and do not file publicly disclosed tax returns.
To read more about FierceHealthFinance's latest CEO compensation survey, please click here.