According to 1997-98 compensations reports for management employees in hospital, nursing home and home health management companies across the country, the average salary of a hospital chief executive officer is $302,972 — with a bonus of $60,697. The average salary of a hospital chief operating officer is $270,883, with a bonus of $75,893. Yet in Rhode Island, as state officials continue to grapple with the proposed merger of Lifespan and Care New England and hospitals suffer annual losses in the millions, 990 tax returns for Oct. 1, 1997 through Sept. 30, 1998 indicate that hospital officials in Rhode Island well exceed the midpoint.
And the granddaddy of them all, according to tax documents supplied to the state Department of Health, was former Lifespan CEO William Kreykes, who in 1997-98 was paid $474,785 in salary, $1million in contractual payments, lump sum deferred compensation of $920,170, deferred compensation of $522,138 and $62,259 in benefits and other compensation – for a total $2,979,352. Kreykes also received $41,667 for professional services after he left Lifespan, but continued to be on the board of directors.
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During that same period, current Lifespan CEO George Vecchione was paid $25,962 in salary (for one month — Sept. 1 through Sept. 30, 1998) as well as $228,392 in benefits, which included a one-time sum of $227,000 paid in October of 1998 in lieu of effectively earned non-vested dollars. Vecchione also received, prior to his hiring as CEO, consultant fees totaling $200,000 – which brought his compensation for that period to $454,354.
Although this tax information is the most recent available, many of the executives listed here have since left the institutions they were working for. Still, the salaries listed provide some understanding of how top hospital executives are paid.
These executives include:
Roger Williams Hospital President Robert A. Urciuoli: $576,096 in salary, $11,402 in benefits – $587,498.
Care New England Senior Executive VP for System Development and Women & Infants Hospital President Thomas G. Parris Jr.: $531,082 in salary, $28,404 in benefits, $11,612 in expenses – $571,098.
Care New England President and CEO John J. Hynes of Kent County Memorial Hospital: $537,832 in salary, $13,706 in benefits, $5,824 in expenses – $557,362.
Landmark Health Foundation Chairman of the Board Robert Walker: $473,160 in salary, $16,256 in benefits – $489,416.
David Keefe, M.D., Director VF at Women & Infants Hospital: $483,394 in salary, $5,954 in benefits – $489,348.
Cornelius Granai, M.D. at Women & Infants Hospital: $478,094 in salary, $5,309 in benefits and deferred compensation – $483,403.
Care New England board member Donald R. Coustan, M.D., chief of OB-GYN at Women & Infants Hospital: $438,246 in salary, $25,309 in benefits – $463,555.
Lifespan COO Steven Baron: $352,348 in salary and $72,172 in benefits – $424,520.
John Reidel M.D.: independent medical services contractor at Kent County Hospital – $420,743.
Care New England Executive VP for Behavioral Health Services and Butler Hospital President and CEO Frank A. Delmonico: $347,405 in salary, $25,591 in benefits, $8,257 in expenses – $381,253.
Women & Infants, Chief of Pediatrics William Oh, M.D.: $369,002 in salary, $5,954 in benefits – $374,956.
Lifespan Senior Vice President and COO Michael P. Halter: $315,224 in salary, $53,182 in benefits and deferred compensation – $368,406.
Rhode Island Hospital physician Prakish B. Chougule M.D.: $336,171 in salary, $17,840 in benefits – $354,011.
John McCue M.D.: independent medical services contractor for Kent County Hospital – $354,008.
Landmark Medical Center executive VP Gary Gaube: $330,599 in salary, $15,112 in benefits – $345,711.
Memorial Hospital President Francis R. Dietz: $315,422 in salary, $22,593 in benefits and deferred compensation, $2,632 in expenses – $340,647.
Michael Stewart M.D.: independent medical services contractor for Kent County Hospital – $323,697.
Lifespan CFO John J. Schibler: $266,726 in salary and $54,917 in benefits – $321,643.
Walter Gajewski, M.D. at Women & Infants Hospital: $311,125 in salary, $5,954 in benefits – $317,079.
Women & Infants Chief of Pediatrics James F. Padbury, M.D.: $281,665 in salary, $33,358 in benefits – $315,023.
Kent County Hospital, President and CEO Robert Baute: $280,095 in salary, $28,800 in benefits, $5,269 in expenses – $314,164.
Don Singer, M.D. at Women’s & Infants Hospital: $284,781 in salary, $15,807 in benefits and deferred compensation – $300,588.
Lifespan Senior VP and COO New England Medical Center: $246,175 in salary, $49,288 in benefits and deferred compensation – $295,463.
Boyd P. King, Senior VP of Medical Affairs for Lifespan: $239,247 in salary, $47,243 in benefits and deferred compensation – $286,490.
St. Joseph’s Hospital President H. John Keimig: $248,269 in salary, $29,093 in benefits and deferred compensation, $8,824 in expenses – $286,186.
Women & Infants Senior VP Mark Crevier: $275,060 in salary and $10,646 in benefits – $285,706.
