February 2020-- The 2019-2020 Multi-Facility Corporate Compensation Report, just published by Hospital & Healthcare Compensation Service (HCS), shows a reported salary increase of 2.81% in 2019 for long-term care corporate executives. The study covers executive compensation of the largest single-site CCRCs, assisted living communities, and nursing homes, as well as top executives over multi-site organizations.
Below is a comparison of the Chief Financial Officer (CFO) by LTC revenue size.
CFO
Long-Term Care
National Average by Revenue Size
Compensation Type |
<$49.9 MM |
$50 MM to |
$100 MM+ |
Salary |
$175,856 |
$258,623 |
$386,976 |
Total Compensation |
$177,328 |
$285,593 |
$533,104 |
Source: 2019-2020 HCS Multi-Facility Corporate Compensation Report National data
In a national comparison by revenue size, base salaries ranged from $175,856 in organizations with revenue up to $49.9 million; $258,623 in revenue size of $50 million - $99.9 million; and $386,976 for those with revenue $100+ million. Data reported reflect the national average salary.
CFO total compensation pay ranged from $177,328 in those with revenue up to $49.9 million; $285,593 in revenue size of $50 million - $ 99.9 million; and $533,104 for those with revenue $100+ million. Data reported reflect the national total compensation average.
100% of participants offered 401(k)/403(b) plans. Participants reported an average match of 3.63% of salary, with an average maximum contribution of 4.57%.
The 2019-2020 Multi-Facility Corporate Compensation Report contains data from 108 multi-facility companies. The results contain three studies in one Report and report salaries and total compensation separately for long-term care, hospital, and home health/hospice systems. Data are reported nationally by individual healthcare type according to organization revenue size. It also includes data on pay policies and corporate benefits.
The complete 100-page Report is available for $675 from HCS. In addition to the hard copy or PDF version, the results are available in Excel. To order go to www.hhcsinc.com or call (201) 405-0075.
With over 45 years’ experience in national healthcare salary and benefits research, Hospital & Healthcare Compensation Service is recognized for its comprehensive, responsible and reliable ten specialized Reports. HCS provides the source for establishing and maintaining an effective compensation program. A must for any human resource team!