Posted on September 2, 2014 by kmgarber
This compensation survey provides median and average base compensation and total cash compensation for executives in hospitals and health systems. This includes executives in the C-suite, as well as a few other positions. The list of positions at health systems is more comprehensive.
Not-for-Profit Hospital Top Nursing Positions (average total cash compensation) 2014
- $229,600 chief nursing officer (based on 196 responses)
- $188,600 second-level nursing services executive (based on 31 responses)
The ultimate source of these data are Sullivan, Cotter and Associates.
Source: Landen, R. It’s getting tougher at the top: not-for-profit executive pay growth slows as performance metrics stiffen. Modern Healthcare. 44(32):18-20, 22, 24-25, Aug. 11, 2014. Click here for access to publisher’s website: www.modernhealthcare.com Posted by AHA Resource Center (312) 422-2050, email@example.com
Filed under: Compensation surveys, Posted by Kim Garber | Tagged: Executive compensation surveys, Health system compensation surveys, Health system salary surveys, Hospital compensation surveys, Hospital salary surveys | Leave a comment »
Posted on August 26, 2014 by dculbertson
According to an annual survey from the magazine Healthcare Purchasing News, the overall average salary in healthcare supply chain management was of $87,365 in 2014, a small dip from the 2013 average of $88,342. However, the salary is still a 25% increase over five years ago. The survey also reports average salaries for these supply chain positions:
- Corporate/executive/senior VP, materials/supply chain management/support services
- Director of materials management/materials manager
- Contracts management
- Value analysis coordinator
- Contract/service line manager
- MMIS/materials IT systems manager
- Purchasing director/manager
- OR materials/business manager
- Assistant/other materials management
- Purchasing agent
- Senior buyer/buyer
Compensation is also reported by years of experience, tenure at current facility, gender, education, type of facility, facility bed size, and geographic region. The direct reporting relationships and the type of professional certifications are indicated for survey respondents. The most common professional certification cited was a CMRP [certified materials & resources professional], and 41% of the supply chain professionals reported to the CFO.
Source: Barlow RD. 2014 SCM salary survey: Salary slip may be a reset button hit – mild dip may be no cause for alarm. Healthcare Purchasing News, Aug. 2014. http://www.hpnonline.com/inside/2014-08/1408-SCMSalarySurvey.pdf
Click here for 2013 survey post.
Posted by AHA Resource Center (312) 422-2003, firstname.lastname@example.org
Filed under: Compensation surveys, Posted by Diana Culbertson, Supply chain | Tagged: healthcare materials management salaries, healthcare purchasing salaries | 1 Comment »
Posted on July 11, 2014 by dculbertson
The Association of Staff Physician Recruiters, represening in-house recruiters in hospitals, physician practices, health plans, or similar organizations, and the MDLinx.com web site collaborated on a physician survey earlier this year focused on learning more about compensation models and recruitment incentives offered by their employers.
The survey yielded benchmarking data related to each of these areas:
- Incentives, including relocation assistance, signing bonuses, malpractice coverage assistance, requirment to stay in the position for a defined time period, and for residents/fellows, stipend incentives for their final year of training
- Compensation methodology, covering compensation model and the percent tied to quality measures, supervision of advanced practice providers, payment for on-call coverage, bonus eligibility, bonus structure, and satisfaction with the compensation model
- Benefits, such as coverage of professional fees, annual provision of CME activities, paid time off for CME, vacation, sick time, and holidays, and if domestic partner benefits are offered
- Contract, encompassing restrictive or non-compete agreement details
- Schedule, touching on schedule flexibility, what defines ‘full-time’, and time providedfor administrative activities
Source: 2014 physician compensation, benefits & recruitment incentives report. Association of Staff Physician Recruiters, 2014. https://c.ymcdn.com/sites/aspr.site-ym.com/resource/resmgr/Files/2014_ASPR_PhysComp_Report.pdf
Posted by AHA Resource Center (312) 422-2050, email@example.com
Filed under: Benchmarking, Compensation surveys, Medical staff, Posted by Diana Culbertson | Tagged: physician employment | Leave a comment »
Posted on May 14, 2014 by kmgarber
Results of a compensation survey conducted by the American Organization of Nurse Executives (AONE) based on 2012 data are summarized in this article. A total of over 4,500 individuals responded. Most of the respondents (67 percent) worked in acute care hospitals. Here are some of the findings:
- Nurses with the title “director” or “manager” tend to earn $80,000 to $160,000
- Nearly two-thirds of chief nursing officers (nonsystem) earn between $100,000 to $200,000
- Nearly three-quarters of chief nursing officers (system) earn more than $200,000
Job satisfaction was also a focus of this survey. About two-thirds of nurse managers reported being very satisfied with their work.
Source: Thrall, T.H. American Organization of Nurse Executives nurse leader survey: compensation trends and satisfaction levels. JONA. The Journal of Nursing Administration;44(5):250-253, May 2014. Click here for the publisher’s website: http://journals.lww.com/jonajournal/Abstract/2014/05000/American_Organization_of_Nurse_Executives_Nurse.3.aspx There is a free Executive Summary here: http://www.aone.org/membership/salarysurvey/salary_executivesummary.pdf Posted by AHA Resource Center (312) 422-2050, firstname.lastname@example.org
Filed under: Compensation surveys, Nursing, Posted by Kim Garber | Tagged: American Organization of Nurse Executives, AONE compensation surveys, Nurse salary surveys, Nursing executive compensation surveys | Comments Off on SALARY SURVEYS: How much do nurse managers earn?
Posted on May 6, 2014 by dculbertson
The American Medical Association has released a new report on how non-solo physicians are paid by their practices. The data is based on the AMA’s Physician Practice Benchmark Survey conducted in late 2012. Compensation methods varied depending on whether a physician was a practice owner or employee, the type of practice, and the medical specialty.
Here are some highlights from the report:
- 60% of non-solo physicians received at least some of their compensation from salary, with salary representing the largest share of their compensation for 53%.
- Personal productivity represented the largest share of compensation for nearly a third of the physicians.
- Practice financial performance, bonus, and a catchall ‘other’ were the other types of payment methods identified.
- 30% of physicians relied on 2 compensation methods, and 18% depended on at least 3 methods.
For physicians employed directly by hospitals, these were the findings:
- 38% were paid by salary alone.
- Another 49% were paid largely but not only by salary.
- 10% were paid solely by personal productivity, while personal productivity represented the largest but not the entire share of compensation for 3%.
- Practice financial performance was the primary method of payment for 3%
- Other payment methods covered nearly 6% of the hospital-employed physicians
Source: Kane CK. New data on physician compensation methods: one size does not fit all. American Medical Association, Policy Research Perspectives, 2014. https://download.ama-assn.org/resources/doc/health-policy/x-pub/prp-phys-comp-methods-2014.pdf?cb=1399406872&retrieve=yes [Free registration required to view]
Posted by AHA Resource Center (312) 422-2050, email@example.com
Filed under: Benchmarking, Compensation surveys, Medical staff, Physicians, Posted by Diana Culbertson | Tagged: group practice compensation methods, hospital employed physicicans, medical group compensation methods, physician practice compensation methods | Comments Off on New Data on Physician Compensation Methods
Posted on February 14, 2014 by dculbertson
FierceHealthFinance.com is reporting that the HHS Office of the Inspector General has included an examination of hospital executive salaries in its 2014 work plan. This is the work plan description for the project:
“We will review data from Medicare cost reports and hospitals to identify salary amounts included in operating costs reported to and reimbursed by Medicare. We will determine the potential impact on the Medicare Trust Fund if the amount of employee compensation that could be submitted to Medicare for reimbursement on future cost reports had limits. Context—Employee compensation may be included in allowable provider costs only to the extent that it represents reasonable remuneration for managerial, administrative, professional, and other services related to the operation of the facility and furnished in connection with patient care. (CMS’s Provider Reimbursement Manual, Part 1, Pub. No. 15-1, Ch. 9 § 902.2.) Medicare does not provide any specific limits on the salary amounts that can be reported on the hospital cost report.”
The study is currently underway with results to be released in FY2015.
Shinkman R. OIG to examine hospital executive pay caps; study will determine how measure impacts Medicare cost reports. FierceHealthFinance.com, Feb. 13, 2014. http://www.fiercehealthfinance.com/story/oig-examine-hospital-executive-pay-caps/2014-02-13
Office of the Inspector General. Work plan for fiscal year 2014. US Dept. of Health and Human Services, undated, pg 18 [as numbered in pdf format]. http://oig.hhs.gov/reports-and-publications/archives/workplan/2014/Work-Plan-2014.pdf
Posted by AHA Resource Center (312) 422-2050, firstname.lastname@example.org
Filed under: Administration, Compensation surveys, Medicare, Posted by Diana Culbertson | Tagged: hospital executive compensation | Comments Off on Hospital Executive Pay Caps to Be Studied for Medicare Cost Impact
Posted on October 9, 2013 by kmgarber
Nearly 70 percent of nurse leaders surveyed in early 2013 reported an annual salary between $80,000 and $160,000, with many of the remaining respondents reporting a higher salary, according to this compensation survey sponsored by the American Organization of Nurse Executives. The typical executive who filled out the survey works full time at a hospital, has at least 6 years experience in a management position and typically holds the title of director, manager, chief nursing officer, or chief nurse executive.
This survey also provides data on reporting structure (who they report to) for these nurse executives and span of control (FTEs directly supervised). Also included are information on bonuses, benefits, job satisfaction, and willingness to recommend career to others.
Source: American Organization of Nurse Executives. AONE Salary & Compensation Study for Nurse Leaders, 2013 ed. Chicago: AONE, 2013. Click here for more information: http://www.aone.org Then click on Resources, then on “Salary and Compensation Study.” Posted by AHA Resource Center (312) 422-2050, email@example.com
Filed under: Compensation surveys, Nursing units, Posted by Kim Garber | Tagged: Compensation surveys, Salary surveys | Comments Off on NURSE SALARY SURVEY: Many execs earn $80,000-$160,000