Hospital CEO Salary Increases Top Other Industries

September 1992
Nursing Economic$;Sep/Oct92, Vol. 10 Issue 5, p372
Academic Journal
The article presents the information that according to a survey covering 777 acute care hospitals, conducted by Hay Management Consultants in cooperation with June 8, 1992 issue of the journal "Modern Healthcare," the average base salary of hospital chief executive officers (CEOs) has jumped 9.7% to $150,800. By comparison, CEOs in industrial companies in 1992 will receive an average raise of 5.25% or slightly more than half of their hospital counterparts. Other highlights of Hay/Modern Healthcare survey are that some 5% of all hospital CEOs received no increase in pays in 1992 compared with 4.6% in 1991. Heads of hospital nursing services had an average salary increase of 10.7% in 1992, highest of all executive and department head positions surveyed.


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