Dive Brief:
The pay gap between hospital executives and average employees is on the rise, even after a bump in some frontline workers’ wages during the early years of the COVID-19 pandemic, according to a study published this month in Health Affairs.
Nonprofit hospital CEOs were paid 10.2 times the average wage of all hospital workers in 2009. That ratio increased nearly 18% to a 12-fold difference by 2023, researchers found.
Overall, the average wage of hospital CEOs rose by 27.5% from 2009 to 2023, while the average pay for all employees rose 9.8%.
Dive Insight:
The average annual wage for CEOs rose from $813,657.60 in 2009 to $1,037,182.70 in 2023, according to the study, which evaluated pay at more than 1,400 nonprofit hospitals.
Meanwhile, the average pay of employees incr