STAT+: Leaders of Mass General, Dana-Farber among hospital execs who got big raises in 2024
Get the Health newsletter
Daily health & science — research, biotech, public health, the studies worth knowing. Free.
- Massachusetts hospital system CEOs, including those leading Mass General and Dana-Farber, saw compensation rise to new heights in 2024, according to newly released records
- Many health care CEOs received big raises while their systems grappled with rising post-pandemic expenses, narrow operating margins, and statewide upheaval following the collapse of Steward Health Care
- David E. Williams, president of Boston consulting firm Health Business Group, said the increases reflected market rates for health care leaders amid tumultuous times
- Williams argued these are "very large and complex organizations to run" that must attract talent in a national market, calling that "the main reason salaries go up"
Why it matters: The raises were awarded while Massachusetts hospitals faced narrow operating margins, rising expenses, and the statewide disruption left by Steward Health Care's collapse — yet specialists framed the compensation as a necessity for competing in a national executive market, underscoring the tension between hospital financial pressures and executive pay growth.
Ask SkimNews
