In 2019 Hackensack Meridian Health's former co-CEO, John Lloyd, was awarded $9.9 million in total compensation, making him the New York metropolitan area's top-paid hospital executive that year, according to a Crain's analysis of the most recent financial information available.
His haul, of course, predates the pandemic, during the height of which hospital professionals took pay cuts and accepted smaller bonuses in order to keep their facilities' bottom lines in balance. But experts say that belt-tightening was likely a temporary blip, not a bellwether, for the area's hospitals and health systems.
"Coming out of COVID, their job's gotten harder, not easier," said Allen Miller, CEO of Cope Health Solutions, a healthcare management consultancy, about the role of health system leaders. "I would assume the upward trajectories over the years to continue."