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This is an exciting time for healthcare management. Healthcare is changing more rapidly than almost any other field. The field is changing in terms of how and where care is delivered, who is providing those services, and how that care is financed. Healthcare management requires talented people to manage the changes taking place. In their roles, healthcare executives have an opportunity to make a significant contribution to improving the health of the communities their organizations serve.

With growing diversity in the healthcare system, executives are needed in many settings, including:

  • Clinics
  • Consulting firms
  • Health insurance organizations
  • Healthcare associations
  • Hospitals
  • Nursing homes
  • Physician practices
  • Mental health organizations
  • Public health departments
  • Rehabilitation centers
  • Skilled nursing facilities
  • Universities and research institutions

Today, an estimated 100,000 people occupy health management positions at numerous organizational levels, from department head to chief executive officer. Requirements for senior-level positions in healthcare organizations are demanding, but these jobs also offer opportunities to improve the system of care giving.

If you choose a career in healthcare management, your first job might be an entry- to mid-level management position in a specialized area, such as:

  • Finance
  • Government relations
  • Human resources
  • Information systems
  • Marketing and public affairs
  • Material management (purchasing of equipment and supplies)
  • Medical staff relations
  • Nursing administration
  • Patient care services
  • Planning and development

Growth and Salaries

Healthcare management is a huge, complex, and ever-changing field. In fact, healthcare services will increase 30 percent from 1996-2006 and will account for 3.1 million new jobs, the largest increase of any industry.

Hospital Executive Salary Information: 2013

The compensation data comes from Sullivan, Cotter and Associates, Inc's 2013 Survey of Manager and Executive Compensation in Hospitals and Health Systems. The Survey:

  • Includes data from nearly 1,300 health care organizations across the United States on over 170 system-level jobs and over 190 hospital-level jobs.
  • Provides information on a variety of compensation practices, including compensation strategy, incentive program design, nonqualified deferred compensation plans, severance arrangements, perquisites and other executive benefits.

For additional information on the survey or questions on the data contained in this summary, please contact James Rohan, Managing Director, Sullivan, Cotter and Associates, Inc. at jimrohan@sullivancotter.com or by phone at (888) 739-7039. Additional information about SullivanCotter can be found on their website at www.sullivancotter.com.


Healthcare System and Hospital Executive Pay

Health Systems: Median annual base salary and total cash compensation

(All figures in thousands of dollars.)

 
Net Revenue Greater Than or Equal to $1 Billion
Net Revenue Less Than $1 Billion
Base Total Cash Base Total Cash
President and CEO $950 $1,269 $633 $730
COO $602 $705 $381 $430
CMO $485 $593 $370 $412
CFO $492 $632 $356 $400
CIO $369 $430 $263 $298
Top Patient Care Executive $291 $356 $253 $287
Chief Nursing Officer $305 $347 $233 $249
Top Human Resources Executive $341 $415 $242 $266
Top Professional Services Executive $280 $331 $200 $229
Top Support Services Executive $271 $300 $186 $200
Top Ambulatory Services Executive $275 $318 $233 $265
Top Facilities Executive $236 $264 $200 $225
Top Legal Services Executive (General Counsel) $399 $471 $300 $331
Top Marketing Executive $241 $271 $187 $199
Top Managed Care Executive $278 $302 $225 $265

Healthcare System and Hospital Executive Pay

Hospitals: Median annual base salary and total cash compensation

(All figures in thousands of dollars.)

 
Net Revenue Greater Than or Equal to
$250 Million
Net Revenue Less Than
$250 Million
Base Total Cash Base Total Cash
 
Freestanding Hospitals
President and CEO $682 $785 $396 $410
COO $424 $451 $243 $269
CMO $395 $428 $303 $331
CFO $387 $423 $249 $272
 
System Owned Hospitals
President and CEO $411 $525 $290 $358
COO $248 $288 $186 $225
CMO $340 $373 $298 $327
CFO $250 $301 $186 $222
 
All Hospitals
CIO $287 $299 $163 $182
Top Patient Care Services Executive $239 $267 $179 $193
Chief Nursing Officer $229 $250 $171 $194
Top Human Resources Executive $217 $247 $151 $174
Top Professional Services Executive $204 $226 $163 $179
Top Support Services Executive $200 $211 $150 $166
Top Ambulatory Services Executive $236 $248 $179 $206
Top Facilities Executive $230 $270 isd isd
Top Legal Services Executive $284 $310 $193 $208
Top Marketing Executive $202 $227 isd isd
Top Managed Care Executive $211 $244 isd isd

Healthcare Administration in the Military and Department of Veterans Affairs

There are many rewarding and exciting healthcare management careers offered through the uniformed services as well as the Department of Veterans Affairs. Click on the links for additional information.


 


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