Becker's Healthcare April 29, 2024
As healthcare CEO compensation continues to rise, nonprofit hospitals are turning to alternative methods to remain competitive, according to an April 24 blog post from the Lown Institute.
Since nonprofit hospitals do not offer stock options like their for-profit peers, they are finding other ways to attract executives — and retain them despite frequent turnover. Common strategies include housing bonuses and supplemental executive retirement plans, or SERPs, according to Judith Garber, a senior policy analyst at the Lown Institute.
“Hospital boards consider how much to pay CEOs and how to structure their compensation plans based on comparisons with other peer hospitals,” Ms. Garber said. “As hospitals pay their CEOs more, it creates an upward spiral in which this...
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