Becker's Healthcare August 12, 2022
An increasingly competitive marketplace for talent at U.S. hospitals and health systems and recovery from the onset of the COVID-19 pandemic are affecting healthcare executive compensation, according to a survey conducted by consulting firm SullivanCotter.
SullivanCotter’s “2022 Healthcare Management and Executive Compensation Survey” is based on data from more than 3,000 organizations representing about 42,300 executives and managers. Here are four trends from the survey, which was conducted from January 2022 to April 2022:
1. Median base salaries for healthcare executives increased by 4.5 percent for 2022 compared to 2021, which SullivanCotter said reflects the compensation effect of a competitive talent market at hospitals and health systems.
2. Median total cash compensation (equal to base salary plus annual...
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