Long-term care corporate executives saw an average salary increase of 2.81% in 2019, according to data released Friday by the Hospital & Healthcare Compensation Service.
The 80-page “2019–2020 Multi-Facility Corporate Compensation Report” covers executive compensation of the largest single-site assisted living communities, continuing care retirement communities and nursing homes, as well as compensation for top executives of multi-site organizations.
Average salaries for top financial executives (chief financial officers) varied based on organizational revenue size, according to HCS.
Base salaries for CFOs ranged from $175,856 for those working in organizations with revenues up to $49.9 million, to $258,623 for CFOs working in organizations with revenues of $50 million to $99.9 million, and $386,976 for those working in organizations with revenues of $100 million or more. Total compensation for CFOs ranged from $177,328 for those working in organizations with revenues up to $49.9 million, $285,593 for CFOs working in organizations with revenues of $50 million to $ 99.9 million, and $533,104 for those working in organizations with revenues of $100 million or more.
The report contains data from 108 multi-facility companies and includes salaries and total compensation for long-term care, hospital and home health / hospice systems. Data are reported nationally by individual healthcare type according to organization revenue size. The report also includes information on pay policies and corporate benefits.
The report is available as a paper publication or PDF for $675. Results also are available in Excel for $975. To order, visit www.hhcsinc.com or call (201) 405‑0075.