Corporate executive salaries in long-term care spaces averaged 3.52% in 2024 compared to the previous year, and significantly increased compared to hospital and home health/hospice-based salaries, up 3.16% and 3.33% respectively. did.
According to data published by Hospital & Healthcare Compensation Services (HHCS), the average annual salary for CEOs of nursing homes with MultiFacility Company was $465,750, but they saw an average annual salary of $304,584. Overall salary increases show slightly relaxed bumps compared to data collected in 2023, but collected at 3.69%, but at 3.17% compared to 2022 It's also getting higher.
Information was collected from 95 participants nationwide between October 2023 and September 30, 2024 for the 41st Annual Survey, with 43 respondents being long-term care companies.
Between October 2024 and September 30, 2025, budgeted or budgeted salary increases are expected to average 3.34%. The operating salary increase of 3.52% this year was higher than planned – HHCS reported a budgeted registered executive increase of 3.45% based on data collection during this period last year.
Three groups were created based on the operator's revenue scale. Category A revenue size is less than $50 million, Category B represents revenue sizes of $50 million to $199 million, and Category C represents revenue sizes of more than $200 million.
A wide range of salaries were included based on revenue scale. Bonus included. For CEO headline companies with annual revenues under $50 million, the average salary was $416,235, while the CEOs of nursing home companies with annual revenues between $50 million and $199 million were $585,324 in annual pay .
The CEO, who led long-term care providers with annual revenues of over $200 million, showed an average salary and bonus of $1.02 million.
The number of nursing homes and the total number of skilled nursing beds also varied significantly based on revenue categories. Businesses with revenue sizes under $50 million were represented by 14 facilities or 1,268 beds. Operators with revenues of between $50 million and $199 million had a total of 40 nursing homes, or 3,710 beds.
The revenue category of over $200 million represents a total of 466 nursing homes, or 41,948 beds.
Research findings show that increased pay for employees across companies, departments and regions was overwhelmingly based on performance-based benefits of 77%. .
Regarding performance assessments, 89% of nursing home operators and other care settings said the assessment was “goal-based” and a skill-based assessment of 54% would follow. Approximately 38% of respondents chose revenue targets for performance assessments, and 35% patient satisfaction was selected by 35%.
