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Study Shows 2.81% Salary Increase for LTC Corporate Execs in 2019

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 
$99.9 MM

$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! 

 

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