Double-digit pay increases are a thing of the past for nonprofit hospital executives in hard-hit Ohio.
More than 100 executives at Kettering Health Network, named by Thomson Reuters as one of the top 10 U.S. health systems, had their pay frozen.
And one of the state's largest hospital networks, Premier Health Partners, recently awarded its top executives with bonuses in 2009, but lowered their base compensation by about 2 percent, the Dayton Daily News reports. Case in point: With a base salary of $662,033, Tom Breitenbach, Premier Health Partners' CEO, earns below the 50th percentile among comparable nonprofit healthcare systems, the newspaper reports.
"We're trying to take into account some of the economic trauma," said Breitenbach, whose compensation and that of other hospital CEOs are reviewed and approved by executive compensation committees.