The executive search firm Witt/Kieffer, Ford, Hadelman & Lloyd reports that the average base salary for the 314 healthcare executives it recruited in 1995 was $124,500, plus an average incentive target of 21%.
The average target bonus was highest for business development and planning experts, who received 32.5% on their average base salary of $113,000. They also got one of the highest average increases to move: 39%.
"Rapid growth in the managed-care industry has led to significant increases in compensation packages," a Witt/Kieffer press release says.
Witt/Kieffer Vice Chairman John Lloyd said the survey has never been done before. "We finally got enough in each category to do it and feel it has meaningful market results," Lloyd said.
In the 14 job categories the report covers, the mean number of placements is 20, too small a sample size from which to draw conclusions about larger trends in compensation. Those placements range from 47 chief executive officers to three professional/clinical positions.
Compensation for president/CEOs ranged from $55,000 to $425,000. The average base salary was $158,000.
Insurance-company-based managed-care executives earned more than their hospital counterparts, at $165,000. Hospital-based managed-care executives averaged $143,000.
Almost 31% of the executives were female; 5.4% were minorities.