Non-Profit Hospitals More Profitable Than For-Profit Hospitals; Non-Profit CEO Compensation Tops Out at $16.4 Million

OPEN MINDS On-Line News Strategic Health Care News Nearly 77% of the 2,033 non-profit hospitals in the United States have no operating deficit; only 66% of for profit hospitals are profitable. Chief executive officer (CEO) compensation stated in the most recently filed United States Internal Revenue Service (IRS) Form 990s of ten large non-profit hospital systems ranged from $16.4 million in salary and accrued benefits paid in 2006 to Gary Mecklenburg when he retired from Northwestern Memorial Hospital in Chicago, Illinois to $3.3 million paid in 2004 to Douglas French of Ascension Health, based . . .