Issue link: https://beckershealthcare.uberflip.com/i/1480884
49 HEALTHCARE NEWS 49 62 benchmarks on nonprofit hospital CEO pay in 11 metro areas By Molly Gamble T he compensation of CEOs leading tax-exempt hospitals is but one measure analyzed in Candid's 2022 Nonprofit Compensation Report, which is based entirely on data reported to the IRS. e report analyzes key employee compensation derived from 140,947 observations from 87,529 Forms 990 and 990-EZ filed by 501(c) organizations with the IRS for fiscal year 2020. Specific to hospitals, Candid analyzed C501(c)(3) general and rehabilitative hospitals with budgets ranging from $250,000 or less to more than $50 million to draw observations on the compensation of 622 CEOs/executive directors nationwide. Below are percentile breakdowns and averages for the compensation of CEOs/executive directors of C501(c)(3) general and rehabilitative hospitals by metropolitan statistical area. Complete percentile breakdowns are available for MSAs with more than 20 observations; limited percentiles are available for cities with at least 15 observations, the minimum to be included in the overview below. Atlanta Based on 24 salary observations Average: $952,618 10th Percentile: $196,515 25th Percentile: $302,355 Median: $545,764 75th Percentile: $864,485 90th Percentile: $2,474,247 Baltimore Based on 20 salary observations Average: $1,230,480 10th Percentile: $165,971 25th Percentile: $212,004 Median: $573,073 75th Percentile: $1,537,306 90th Percentile: $2,296,125 Boston Based on 34 salary observations Average: $781,395 10th Percentile: $174,616 25th Percentile: $241,420 Median: $575,585 75th Percentile: $907,794 90th Percentile: $1,818,872 Chicago Based on 32 salary observations Average: $678,053 10th Percentile: $88,568 25th Percentile: $205,753 Median: $361,758 75th Percentile: $865,400 90th Percentile: $1,644,751 Dallas Based on 31 salary observations Average: $1,212,180 10th Percentile: $121,000 25th Percentile: $319,341 Median: $516,380 75th Percentile: $1,081,574 90th Percentile: $1,594,573 Los Angeles Based on 31 salary observations Average: $597,822 10th Percentile: $92,152 25th Percentile: $146,146 Median: $214,500 75th Percentile: $379,359 90th Percentile: $1,550,174 New York Based on 21 salary observations Average: $1,161,910 10th Percentile: $98,251 25th Percentile: $150,000 Median: $258,840 75th Percentile: $570,427 90th Percentile: $2,252,823 Philadelphia Based on 21 salary observations Average: $789,206 10th Percentile: $71,169 25th Percentile: $126,202 Median: $583,763 75th Percentile: $1,144,026 90th Percentile: $1,549,534 Pittsburgh Based on 15 salary observations Average: $1,187,471 25th Percentile: $312,077 Median: $375,000 75th Percentile: $720,626 St. Louis Based on 39 salary observations Average: $920,193 10th Percentile: $206,985 25th Percentile: $342,965 Median: $468,944 75th Percentile: $697,974 90th Percentile: $987,643 Washington, D.C. Based on 19 salary observations Average: $872,255 25th Percentile: $199,788 Median: $701,625 75th Percentile: $1,078,401 n More hospital CEOs exit as labor challenges persist By Ayla Ellison More than six dozen hospital CEOs have left their roles in 2022, according to a Sept. 21 Challenger, Gray & Christmas report. In the first eight months of in 2022, 895 CEOs across all industries left their posts, up slightly from the 888 chief executives who exited their roles in the same period in 2021, according to the executive outplacement and coaching firm. Six hospital CEOs left their positions in August, bringing the total number of departures to 77 for in 2022. Sixty-eight hospital CEOs left their roles in the first eight months of 2021. "Hospitals continue to be hammered on the labor front," said Andrew Challenger, senior vice president of Challenger, Gray & Christmas. "The staff shortages, access-to-care concerns, legal issues, and resource management issues continue to create challenges for hospital leadership, and leaders themselves are not immune from the burnout felt at all levels." n