While maintaining quality patient care is always the highest priority for any healthcare facility, many must also face the challenges associated with any business operation, including increasing revenues and minimizing expenses. Although public scrutiny of executive pay persists, compensation in the healthcare industry continues to lag behind compensation provided by companies in private industry. This puts increasing pressure on hospitals and other healthcare facilities to develop innovative methods to attract and retain key personnel. This comprehensive report of more than 100 healthcare facilities nationwide presents salary, bonus and total compensation information for more than 50 management and professional positions broken out by operating revenue and bed count.
Additional information is provided regarding nursing turnover, pay rates and recruitment practices.