Hospital CEOs around the country raked in big bucks in 2011 and 2012, with CEOs at the 10 highest-grossing non-profit hospitals earning an average of $3 million, Becker's Hospital Review reported.
Here is a look at the top earners nationwide, including base salaries, bonuses, incentives, deferred compensation and other reportable compensation, based on each hospital's IRS Form 990s. Becker's compiled the list based on the organization's rank in its list of top-grossing nonprofit hospitals.
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Jeffrey Romoff, UPMC (Pittsburgh, Pa.): $6.07 million in 2012
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Delos Cosgrove, M.D., Cleveland Clinic: $3.17 million in 2012
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Thomas Priselac, Cedars-Sinai Medical Center (Los Angeles): $3.85 million in 2012
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Lars Houmann, Florida Hospital Orlando: $1.84 million in 2011
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Amir Dan Rubin, Stanford Hospital & Clinics (Palo Alto, Calif.): $3.1 million in 2012
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Steven Corwin, M.D., NewYork-Presbyterian Hospital (New York City): $3.08 million in 2011
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Garry Scheib, Hospital of the University of Pennsylvania (Philadelphia, Pa.): $1.46 million in 2012. Scheib also serves as COO of the University of Pennsylvania Health System.
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Steven Safyer, M.D., Montefiore Medical Center (New York City): $4.45 million in 2012
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Mark Laret, UCSF Medical Center (San Francisco): $1.38 million in 2012
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Sherrie Sitarik, Orlando Health (Florida): $1.12 million in 2012. (Sitarik has since resigned.)
A 2013 study found organizations based CEO compensation more on technology and patient satisfaction rather than on outcomes, processes of care and community benefit. The rates also reflected the number of hospital beds, location and whether the hospital was a teaching facility--with large, urban teaching hospitals' CEOs conferring the highest compensation, FierceHealthcare previously reported.
However, experts anticipate hospital leaders and board members will create more stringent, quality-based metrics for CEO compensation packages in 2014 to boost their public image and improve patient outcomes.
To learn more:
- here's the Becker's article and top grossing organization non-profit hospital list