SOURCE: Sullivan, Cotter and Associates

Sullivan, Cotter and Associates

August 19, 2010 09:05 ET

Increases in Salaries Lower Than Projected According to 2010 "Survey of Manager and Executive Compensation in Hospitals and Health Systems" by Sullivan, Cotter and Associates, Inc.

CHICAGO, IL--(Marketwire - August 19, 2010) -  Sullivan, Cotter and Associates, Inc., a healthcare compensation and human resource management consulting firm, is in the process of publishing the 2010 Survey of Manager and Executive Compensation in Hospitals and Health Systems now in its eighteenth edition. This year, 288 health systems and 906 hospitals participated in the survey, a respected industry resource. Participants submitted data for nearly 22,000 executives and managers between February and June 2010. SullivanCotter's national healthcare survey provides not only cash compensation data for executive and management jobs in hospitals and health systems, but also data on pay practices, annual incentive plans, supplemental benefits, perquisites, nonqualified retirement plans, and much more. Modern Healthcare, the nation's leading healthcare weekly magazine, released portions of Sullivan, Cotter and Associates survey in its annual issue on healthcare executive compensation this week. 

When comparing the data from 211 health systems and 642 hospitals that participated in both 2009 and 2010, base salaries increased on average 2.9% and 2.6%, respectively. These increases are consistent with the projected 2010 salary increase budgets, which were 3.2% for health systems and 2.8% for hospitals. 

"Salary increases continue to be moderate," noted SullivanCotter Managing Principal Tom Pavlik. "We continue to see this moderation in the reported executive and manager projected salary increase budgets for next year; the preliminary data indicate budgets of 3.0% for health systems and 2.7% for hospitals. However, we did see around a 5.5% increase in total cash compensation levels."

The 2010 Survey of Manager and Executive Compensation in Hospitals and Health Systems will be available for purchase in September. The cost to healthcare organizations agreeing to participate in next year's survey is $950; for those not wishing to participate, the cost is $1,950. The survey is also available to non-healthcare organizations. To order a copy, please visit the Sullivan, Cotter and Associates website at www.sullivancotter.com or contact Mary Kowalczyk, survey manager, at 312/739-2000, toll-free at 888/739-7039, or email marykowalczyk@sullivancotter.com.

Sullivan, Cotter and Associates, Inc. specializes in the development and implementation of strategic total compensation and reward programs for the healthcare industry. Since 1992, SullivanCotter has worked closely with healthcare organization executives, boards, and compensation committees to devise innovative compensation solutions that attract and retain leadership talent while satisfying not-for-profit missions and regulatory requirements. A leader in independent consulting, benchmarking, trends, and analyses, SullivanCotter has developed the most widely recognized physician and executive compensation surveys in the United States. SullivanCotter has offices in Atlanta, Boston, Chicago, Dallas, Detroit, Minneapolis, New York City, Parsippany, San Francisco, Washington DC, and Westport. For more information, visit www.sullivancotter.com or call 888-739-7039.

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