Pay is healthy for hospitals' executives

Pay is healthy for hospitals' executives
Corporate-like salaries seen at nonprofits' top jobs


St. Francis Hospital CEO Robert J. Brody (foreground) lead employees on a walk at the Beech Grove hospital campus. Brody's 2003 compensation of $529,076 was the smallest of the metro area's "big four" hospital system CEOs. -- Gary Moore / Star file photo


Comparing pay
How does pay to local hospital executives stack up against industry norms and some high-profile Indiana jobs? Here are some comparisons, using total salary and benefits for 2003:

Hospital industry
$786,600: Median for CEO of system with more than $1 billion revenue
$486,800: Median for CEO of system with less than $1 billion revenue
$302,500: Median for CEO of hospital with less than $200 million revenue

Academia*
$457,327: President, University of Notre Dame, the Rev. Edward A. Malloy
$305,425: President, Purdue University, Martin C. Jischke
$305,000: President, Indiana University, Adam W. Herbert

Elected office
$95,000: Governor of Indiana
$95,000: Mayor of Indianapolis, Bart Peterson



Indiana public companies
$7.3 million: CEO, Eli Lilly and Co., Sidney Taurel
$1.5 million: CEO, Marsh Supermarkets, Don Marsh
$947,542: CEO, Steak n Shake Co., Alan B. Gilman
$754,985, CEO, Finish Line, Alan H. Cohen

Indianapolis nonprofits
• $1.04 million: Chairman, Lilly Endowment, Thomas M. Lofton
• $852,395: President, Lilly Endowment, N. Clay Robbins
• $733,899: President, Lumina Foundation for Education, Martha Lamkin
$663,984: vice president, community relations, Lilly Endowment, William M. Goodwin
$472,719: President Liberty Fund, George B. Martin
*Note: University compensation is for 2003-2004 school year.

Sources: Modern Healthcare magazine; Chronicle of Philanthropy, The Indianapolis Star



By Jeff Swiatek
jeff.swiatek@indystar.com
February 6, 2005


High-level officials at Indianapolis' four urban-based hospital systems pulled down average annual raises of more than 20 percent in their most recent reporting period, despite slim earnings margins and growing scrutiny of hospital salaries by federal tax authorities.