Median total pay for healthcare association chief executives earning $1 million or more increased 8.5% from 2012 to 2013, while total pay for all healthcare association CEOs jumped 18.9%, according to Modern Healthcare's analysis of the latest association tax reports.
Twenty association CEOs earned between $1 million and $5 million, compared with 17 in 2012, as the not-for-profit groups regained their financial footing following the Great Recession. The median total compensation among CEOs who earned $1 million or more was $1.5 million.
“You're always going to find more CEOs earning more than $1 million every year you look at paychecks,” said Mark Graham, managing director at CEO Update, an association executive publication based in Washington. “As CEO pay goes up, so does the number who cross over that seven-figure line.”