New Report Determines Compensation Increase for Home Health Executives
Posted on Tuesday, February 28, 2017 8:47 PM
According to the 2016-2017 Multi-Facility Corporate Compensation Report from Hospital & Healthcare Compensation Service (HCS), executive compensation is going up around the home health industry.
In the 33rd edition of the report, 101 participants were surveyed, including 35 home health companies with revenues above $25 million.
The survey was conducted by HCS calculated the following:
• Total compensation and benefits from long-term care
• Hospitals and home health and hospice participants
The following positions are paid the highest on average:
• Chief Executive Officer
• Top Administrative/Operations Executive
• Chief Operating Officer
• Top Information Systems Executive
• Top Division Executive
The total compensation was determined by the salary and bonus. In addition, the compensation range varied throughout the home health participants, based on revenue and number of sites.
“In larger home health/hospice agencies whose revenue was less than $50 million and the pay was $261,700, compared to $863,763 for those with multiple sites and revenue [above] $250 million,” a press release states.
For the full write-up, please see the February 27, 2017 Home Health Care News article.