Brand new data and benchmarks!
In 2024, year-over-year changes in total cash compensation have outpaced increases in base salaries.
Health care organizations continue to experience a very dynamic environment. This is impacting executive compensation levels, performance priorities, and talent strategies. Pressures such as ever-increasing labor costs, a tight talent market, high inflation, and cybersecurity threats are ongoing. Paired with a limited pool of qualified executive talent, these obstacles are placing upward pressure on compensation.
SullivanCotter’s 2024 Health Care Management and Executive Compensation Survey includes data from nearly 3,300 organizations on more than 45,000 incumbents. This longstanding resource provides organizations with critical compensation market data, information on key executive workforce practices, and insight into emerging industry trends.
Results show that median total cash compensation for system-level executives increased by 8.3% while base salaries grew by 5.2%. This trend is the same for subsidiary hospital executives and can be attributed to higher levels of incentive plan performance.
Download our infographic – which features highlights from the latest survey report – to learn more about annual changes in compensation and wRVU productivity from 2023 – 2024.
