The disclosures were required after the years-long legislative fight over hospital regulations led frustrated lawmakers to require certain not-for-profit hospitals to list the salaries of their 10 highest-paid employees, as well as other financial data such as debts and charity care policies.
Auditors found that 77 of Georgia’s 184 hospitals were subject to the review, which applies to hospitals that received more than $5 million from the Georgia Medicaid and PeachCare programs.
The analysis found that top executives at those hospitals receive a median salary of between $240,000 and $475,000 per year, which is near the national average.
Different companies evaluate salary information, and the audit looked at two of those companies’ benchmarks. One company showed Georgia hospital executives were mostly lower than the Southeast average, and the other company found they were mostly higher. Both companies found that Georgia chief medical officers are paid higher on average than the Southeast average.
The CEOs of the largest Georgia health systems received an average cash compensation of $1.5 million. The salary for those executives in hospitals with more than $500 million in revenue was almost two-thirds higher than the average $564,000 in compensation received by CEOs of Georgia hospitals with less than $500 million in revenue.