How much does your hospital ceo make?

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Just curious, how much do the hospital CEOs and administrators make? Please provide actual figures where possible. In today's health care world it appears to me that we the nurses and first line care provider are always being asked to give and give and give. It almost appears as though we have an endless reserve. I am more than willing to pull some extra weight when asked to, but I am yet to see hospital administrators give back even ten percent of their salaries yes am saying ten percent because am sure that wont break their bank.I have heard of insistences where they have not received a bonus but not an actual wage cut. secondly is there a website that publishes salaries and annual profit margins for these institutions?

The middle management that creates budgets does so keeping in mind that meeting or coming under budget is rewarded with bonuses and consistently going over budget means getting fired!

Exactly.

Less Nurses = poor patient care

When patient care suffers lawsuits increase (which if you check NSOs case studies and monitor malpractice law like I do) and are rarely settled for under $1M. As patient care suffers complications increase costing the facility more money. As patient care suffers turnover increases costing more money.

These are all things that hit the budget and must be accounted for. Do you think that the Admins do not know this? Do you think Nurses have some super secret ninja ability to see these things but the admins do not?

It is a balance, staffing goes up, staffing goes down. All reflections upon the community and the market like the tide.

Besides if we REALLY cared that much about staffing ratios because of patient outcomes then why do we not all take a salary cut? Maybe take the same pay a CNA or housekeeper does? Hell if we cost as much as a housekeeper the facility could afford to keep a Nursing ratio of 1 to 1.

Curious why that has never been suggested?

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Granted upper management make mistakes and so do CEOs but to place blame on one guy, the guy who most likely has nothing to do with the budget or staffing is silly. Why doesn't anyone get mad at their unit administrator or the Chief Financial Officer or Chief Clinical Officer?

Truman had a sign on his desk saying "The Buck Stops Here". I think the same thing should apply to the highest ranked, highest paid member of any organization.

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When patient care suffers lawsuits increase (which if you check NSOs case studies and monitor malpractice law like I do) and are rarely settled for under $1M. As patient care suffers complications increase costing the facility more money. As patient care suffers turnover increases costing more money.

These are all things that hit the budget and must be accounted for. Do you think that the Admins do not know this? Do you think Nurses have some super secret ninja ability to see these things but the admins do not?

It is a balance, staffing goes up, staffing goes down. All reflections upon the community and the market like the tide.

Besides if we REALLY cared that much about staffing ratios because of patient outcomes then why do we not all take a salary cut? Maybe take the same pay a CNA or housekeeper does? Hell if we cost as much as a housekeeper the facility could afford to keep a Nursing ratio of 1 to 1.

Curious why that has never been suggested?

You ever researched the Ford Pinto case? Ford could had used a safer design, but it would have added $11 (in 197x dollars) to the cost of each car. However, they also estimated, using X amount for each lost life, the benefit of paying out lawsuits vs. the safer design, it would be cheaper to pay out lawsuits. So, there is a precedent for companies to compromise safety for financial gain.

No one has suggested that CEOs make as a little as a staff nurse. That's not the issue. The issue is the CEO making million, sometime multimillion dollar salaries while employees are counselled for as little as an hour's worth of OT.

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You ever researched the Ford Pinto case? Ford could had used a safer design, but it would have added $11 (in 197x dollars) to the cost of each car. However, they also estimated, using X amount for each lost life, the benefit of paying out lawsuits vs. the safer design, it would be cheaper to pay out lawsuits. So, there is a precedent for companies to compromise safety for financial gain.

There are ALWAYS cost vs risk analysis. It would be safer to eliminate all LPNs and CNAs from the floor. It would be safer to only staff RNs at a 1 to 1 ratio in healthcare. This is all obviously unreasonable, the question is what IS reasonable?

No one has suggested that CEOs make as a little as a staff nurse. That's not the issue. The issue is the CEO making million, sometime multi million dollar salaries while employees are counseled for as little as an hour's worth of OT.

Talent costs money. There are those who are making absurd salaries, some who deserve it and some who do not. Same in Nursing. I do not believe that the majority of CEOs are non deserving monsters the way everyone portrays them.

Bill Gates and Oprah are super bazilionaires, why? The have unique ability and talent to lead and generate money for their companies. Is Bill Gates worth $40 billion dollars? Of course.

Sucks but those with less talent and less education get the hard end of the stick. Don't like it then get your PhD, MBA, MSN whatever and climb the ladder.

P.S. Yes Nurses have it bad but not anywhere near as bad as CNAs or housekeepers...or do they not matter since they are lower on the totem pole?

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Truman had a sign on his desk saying "The Buck Stops Here". I think the same thing should apply to the highest ranked, highest paid member of any organization.

And it is. When the company as a whole suffers who do you think gets booted?

Funny you quoted Truman, he is also famous for saying, "If you can't stand the heat, you better get out of the kitchen."

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Specializes in LTC, med/surg, hospice.

Wow you are really going hard for CEOs....

I have no idea how much our CEO makes..don't care. I've never seen him and I doubt if I would recognize him if he walked onto my unit.

Of course I'd love to make more money but I don't want his job.

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Specializes in med surg nursing.
Fairness? Who said the free market was fair?

How many of those Nurses had anywhere near the education or talent that CEO has? Can any of them run a multimillion dollar company?

I know my local hospital has over 3,000 employees and deals in budgets of the 100s of millions of dollars, not something someone with a BSN or ADN is normally qualified to deal with.

Is it fair your housekeeper Billy makes less than you? Is it fair Suzzy CNA gets fired in favor of keeping a RN on staff?

Just curious......you're in administration aren't you?

I don't think any profession is worth 30 million dollars a year, including the CEO of the hospital where I am employed. Yes the more you learn the more you earn, but no one learns that much!

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Specializes in Coronary Rehab Unit.
Just today on Yahoo, it came out that in the USA, the middle class is shrinking. The poor getting poorer and the rich getting richer. They put it was posted 7/15/10, by Michael Snyder. Showed 22 statistics in detail. Sad.
Not news, has been going on for years, now (decades???)..... unfortunately !!! *edited to remove volatile political content that might rile conservatives* ;)
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Specializes in PeriOp, ICU, PICU, NICU.
Fairness? Who said the free market was fair?

How many of those Nurses had anywhere near the education or talent that CEO has? Can any of them run a multimillion dollar company?

I know my local hospital has over 3,000 employees and deals in budgets of the 100s of millions of dollars, not something someone with a BSN or ADN is normally qualified to deal with.

Is it fair your housekeeper Billy makes less than you? Is it fair Suzzy CNA gets fired in favor of keeping a RN on staff?

Not fair when there are no pay increases to the employees because of 'budget' costs, no working equipment because of 'budget' costs, no longer a secretary or housekeeper because of 'budget' costs (more for the few staff left to do), beds closing, etc. All while the CEO keeps getting more and more for cutting less and less.

Not fair for the 'little people', not fair for the patients not fair. If the CEO is THAT important, perhaps he should run the hospital unstaffed.

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Wow you are really going hard for CEOs....

I have no idea how much our CEO makes..don't care. I've never seen him and I doubt if I would recognize him if he walked onto my unit.

Of course I'd love to make more money but I don't want his job.

No, I have just been around long enough to know that witch hunts work both ways.

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Does it really matter what the CEO makes? They chose to go to school and choose their own career path and their own path in life--just as each and everyone of us did...Are they being paid fairly? Who knows? But who are we to judge? In each and every walk of life--work related and not work related you face challenges, instead of complaining about them on a message board and making false accusations about a profession that I would assume the vast majority of us have no background to speak about, why not either try to make a difference in the profession that we have chosen, quit complaining, or go back to school, and become the CEO that makes $1 million a year?! I know that I personally would never want the responsibility of being CEO of one of largest and most prestigious healthcare corporations in the world, so I give kudos to our CEO =)

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Specializes in med surg nursing.

Patients are getting sicker because they cannot afford their meds, they are paying less because they can't afford their bills.

They can't afford their pills because the drug companies are out to make themselves richer too....more greedy CEOs.

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