Executive compensation at the health system, which is reviewed against high-performing peers and guided by an independent consultant, "is performance-based with a significant portion linked to the achievement of both annual operating and long-term strategic goals including safety, quality, health outcomes and financial performance," Harvey says. President and Chief Operating Officer, Northwestern Memorial HealthCare. Key facts to know about NMH include the following information taken from the Form 990 (2017 for the year ending August 31, 2018): NMH has $7.3 billion in net assets (up from $6.4 billion the year before). While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Find out what you should be paid at Northwestern Medicine. The talent chase seems to be benefiting Chicago-area hospital bosses more than others. . NorthShore says CEO pay is "based on many factors, including our ability to consistently deliver high-quality care and excellent outcomes for our patients. Here is a summary of how the competitors of Northwestern University compare to one another: University of Southern California has the most employees (35,000). Select a company name to explore and learn more about other companies across the industry and to compare average salaries with those at Northwestern Medicine. Click below to see everything we have to offer. Compensation also reflects the board's view of the outstanding results executives have delivered amidst a challenging health care environment, as well as a desire to retain talented individuals in a very competitive marketplace," spokesman Jim Anthony says in an email. Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. Equal Opportunity Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national omprised of more than 100 locations throughout the region, anchored by the #1 hospital in Illinois as ranked by U.S. News & World Report. Here are some other companies that are located close to Northwestern Medicine. 8 of the 10 most highly compensated employees are male while 2 are female. Howard B. Chrisman, MD, is President and Chief Operating Officer of Northwestern Memorial HealthCare. The data presented on this page does not represent the view of Northwestern Medicine and its employees or that of Zippia. Please note that all salary figures are . Salary negotiable on hire if you are hired from an outside organization. For some reason, no one elses credentials are listed, just the physicians. Click the company name to explore its salary ranges and a comparison with pay at Northwestern Medicine. View L. Pearce McCarty, III MD, MBA'S profile on LinkedIn, the world's largest professional community. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. The employee data is based on information from people who have self-reported their past or current employments at Northwestern Medicine. Please note that all salary figures . To search for jobs in other locations, fill in the title and locations to begin your search. Mark Neaman, who stepped down as CEO after nearly 26 years at the helm of NorthShore University HealthSystem, earned $2.5 million in 2017 and the year prior. Dr. Kenneth Polonsky, who leads the University of Chicago Medicine system, in addition to serving as dean of the Pritzker School of Medicine and UChicago's division of biological sciences, also earned $3.3 million, an increase of 45 percent. IL, At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. Headquartered in Chicago, NMH is affiliated with Northwesterns School of Medicine. Soaring compensation for hospital executives comes amid growing scrutiny of pay disparities in health care. CEO Pay Ratio For its 2021 fiscal year, NORTHWESTERN CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. See the complete . Base salaries for the nine local CEOs rose 24 percent, while average salaries for top hospital executives nationally increased just 3.5 percent, according to the National Health Care Leadership Compensation Survey by Integrated Healthcare Strategies. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. International medical device manufacturer B. Braun Medical Inc. on Thursday celebrated the opening of a $200 million-plus expansion on its campus outside Allentown. The information shown here is a reporting of information included in the company's proxy statement. What are some typical titles and locations for Northwestern Medicine jobs? , 9 in the nation according to the U.S. News & World Report Honor Roll of America's Best Hospitals, 2022 - 2023 . Coronavirus Tips Working and Protection, For its 2021 fiscal year, NORTHWESTERN CORP, listed the following executives on its annual proxy statement to the SEC. Huntley Rising CEO pay reflects a nationwide "race for really, really good executive talent," as hospitals seek solutions to challenges ranging from lower reimbursement rates to consolidation, says Dan Mayfield, a managing director at Integrated Healthcare Strategies, a unit of Arthur J. Gallagher. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Salary information comes from 10 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Northwestern Medicine is a leader in quality healthcare and service, bringing together faculty, physicians and researchers to support and advance that care through leading-edge treatments and breakthrough discoveries. NMHC Community Benefits Plan Report Fiscal Year 2020. Based on our data team's research, Dean M. Harrison is the Northwestern Medicine's CEO. Skogsbergh isn't the only executive pulling down top dollar at the nation's 10th-largest nonprofit hospital chain, formed in the April 2018 merger of Downers Grove-based Advocate Health Care and Aurora Health Care of Milwaukee. It would be really messy to start listing everyones credentials, so lets just leave everyones off. , The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Woodstock 645 independent contractors received more than $100,000 in compensation. For its 2021 fiscal year, NORTHWESTERN CORP, listed the following board members on its annual proxy statement to the SEC. Advocate Aurora's Skogsbergh makes nearly 470 times more than employees currently earning minimum wage in Chicago. In other words, it is not important that readers know who is a physician and who is not, or at least not more important than knowing who has an MBA and who does not. Compare Northwestern Medicine Salaries VS Competitors Add company Northwestern Medicine demographics vs competitors Compare Gender At Northwestern Medicine Vs Competitors Add Company Male Female 100% 75% 50% 25% Northwestern Memorial Hospital. Northwestern Medicine Founder and CEO in the United States makes about $118,512 per year. Expenses were $5 billion (not including $230 million in depreciation) with four (4) primary expenses: compensation ($2.1 billion), fees for services ($1.1 billion), medical supplies ($958 billion), and office-related expenses ($374 million). None of the information on this page has been provided or approved by Northwestern Medicine. The average salary of Northwestern Medicine jobs will vary according to location, department, and job description. James Towne, an employee and brother of Patrick Towne, a Director, received $277,566 in compensation for employment. $38,601 / yr. The area's third-highest earner is Pam Davis, who retired as CEO of west suburban Edward-Elmhurst Health in 2017 after nearly three decades in the role. Our team works Northwestern Medicine - NorthShore University HealthSystem Executives, Balyasny Asset Management L.P. Executives, NorthShore University HealthSystem Jobs Near Me, Balyasny Asset Management L.P. Jobs Near Me, Operations Servicing Specialist jobs at Northwestern Medicine, Primary Care Physician jobs at Northwestern Medicine, Respiratory Care Practitioner jobs at Northwestern Medicine, Service Coordinator jobs at Northwestern Medicine, Team Leader jobs at Northwestern Medicine, Ultrasound Technologist jobs at Northwestern Medicine, Applications Analyst jobs at Northwestern Medicine, Clinical Technician jobs at Northwestern Medicine, Customer Service Representative jobs at Northwestern Medicine, Diagnostic Medical Sonographer jobs at Northwestern Medicine, Diagnostic Radiologic Technologist jobs at Northwestern Medicine, Med Technician jobs at Northwestern Medicine, Nurse Practitioner jobs at Northwestern Medicine, Operating Room Technician jobs at Northwestern Medicine. Still, his 2017 compensation was up 18 percent from 2015 and 27 percent from 2014. IL. Northwestern Medicine pays an average salary of $46,656 per year, or $22.43 an hour. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Saint Albans, VT. $80,006 / yr. Hospitalist-internal Medicine salaries - 1 salaries reported. , Based on 1535 salaries Registered Nurse 437 salaries Registered Nurse, BSN 178 salaries View More Administrative Based on 291 salaries Patient Service Representative 103 salaries Administrative Assistant 32 salaries View More Finance & Accounting Based on 251 salaries Patient Access Specialist 68 salaries Patient Access Representative 36 salaries Sign on bonus. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Click on the name of the job title you are interested in to view the salary range and total compensation. The five (5) most highly compensated were reported to be: To read the IRS Form 990 (2017 for the year ending August 31, 2018), click here. Here's what people are saying about Northwestern Medicine. In many cases, pay hikes were driven by bonuses based on performance targets that reflect the broader push for greater efficiency and better patient care. What makes us better, makes you better. Practice Support Specialist salaries - 1 salaries reported. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. No data is available based on your input. This is a registered nurse Read more CEO Approval Business Outlook Pros $250 yearly wellness fund. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Pressure to rein in health care costs hasn't reached hospital executive suites, where spending on CEO pay is rising sharply. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Northwestern Medicine. This report is not for commercial use. You may also find the annual proxy statement by going directly to the company's website. $40,268 / yr. Salary information comes from 1 data point collected directly from employees, users, and past and present job advertisements on Indeed in the past 24 months. Tax free Childcare fund up to $5K. Longtime Lurie CEO Patrick Magoon was the only one of the nine top execs to see a significant pay cut in 2017. 23,327 employees received $2.1 billion in compensation which equates to an average compensation of $90,000 (compare this to an average compensation of $60,000 at NorthShore, a Chicago-based healthcare provider). Cooks make $31,803 per year on average, or $15.29 per hour, in the United States. By Dr. Joseph . Zippia gives an in-depth look into the details of Northwestern Medicine, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Northwestern Medicine. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). NORTHWESTERN CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Executive Summary. The 310,000-square-foot . All proxy statements are public filings made available to the general public by the SEC. EyeNuk, a global provider of AI-powered eye screenings, scores $26M to expand reach in 18 countries. Amita Health CEO Mark Frey earned $2.8 million, an increase of 22 percent, the year before the hospital network absorbed Presence Health. The average salary for Northwestern Medicine employees is $80,956 per year. William Towne, an employee and brother of Patrick Towne, a Director, received $644,468 in compensation for employment. Longtime Lurie CEO Patrick Magoon was the only one of the nine top execs to see a significant pay cut in 2017. Goldberg led the Maywood-based system for seven years before leaving in 2018 to join Banner Health in Phoenix. McHenry While financial performance still affects incentive compensation, quality measuresincluding patient satisfaction, safety and timeliness of careare more heavily weighted by most organizations today than they were five years ago. Here are some companies in the same or similar industry as Northwestern Medicine. Among Northwestern Medicine competitors, employees at Southern Illinois Healthcare earn the most with an average yearly salary of $82,274. For its 2021 fiscal year, NORTHWESTERN CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Tons of great salary information on Indeed.com Jim Skogsbergh of Advocate Aurora Health, left, and Dean Harrison of Northwestern Memorial Healthcare. Charles N Mills, a Director, indirectly owns a greater than 35% interest in Medline, a company that received $845,690 for medical supplies. , Thorough reviews have been conducted to assure this data accurately reflects disclosures. , SunIRef:Nurse:title Staff Nurse Northwestern Medicine 1,076 reviews - Woodstock, IL 60098 Northwestern Medicine 1,076 reviews Read what people are saying about working here. 1 in the Chicago Metro Area and Illinois, as well as No. Northwestern Medicine has 20,000 employees, of which 6 are in a leadership position. Severance payments were made to the following former employees: NMH has two different non-qualified deferred compensation plans. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Patient Access Representative salaries - 1 salaries reported. Northwestern Medicine may also be known as or be related to Northwestern Medicine, Northwestern Memorial Healthcare and Northwestern Memorial Healthcare Corporation. Northwestern University main competitors are Stanford University, New York University, and Icahn School of Medicine at Mount Sinai. Northwestern Medicine - Northwestern Medicine pays those in the bottom 10 percent $26,000 a year, and the top 10 percent over $82,000. Cooks on the lower end of that spectrum, the bottom 10% to be exact, make roughly $26,000 a year, while the top 10% make $39,000. For more information, please contact Kelly Flesch at kflesch@nm.org. Saint Albans, VT. $241,921 / yr. All Northwestern Medicine - Medical Information salaries Nursing Advanced Practice Registered Nurse $105,655 per year 2 salaries reported Cardiac Nurse $59,284 per year One salary reported Certified Registered Nurse Anesthetist $170,535 per year 2 salaries reported Charge Nurse $44.00 per hour One salary reported Clinical Nurse $60,000 per year At Lurie Children's Hospital of Chicago, for example, executive compensation takes several factors into account, "including safe patient practices, positive patient outcomes, achievement of short- and long-term strategic, operational and financial goals," spokeswoman Julie Pesch says in an email. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Saint Albans, VT. $47,429 / yr. Certified Medical Assistant salaries - 1 salaries reported. Based on the company location, we can see that the HQ office of Northwestern Medicine is in WONDER LAKE, IL. The average Northwestern Medical Center salary is $68,952. The $900 million increase is primarily attributed to transfers from affiliated organizations (about $550 million) and excess revenue over expenses (about $350 million), all of which means NMH made a lot of money from healthcare in 2018. IL. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 1-877-812-1590, Northwestern performs first 'heart in a box' transplant in Illinois, Chicago's new class of hospital CEOs takes over at a trying time, Sponsored Content: Why Bestowal Gifts Can Give You Better ROI than Most Business Dinners, Juice: Crain's daily take on power & politics, The Most Powerful Women In Chicago Business. "Our ability to attract and retain top leaders in a complex industry undergoing sweeping change is critical to delivering on our purpose to help others live well and provide the best outcomes for our patients and communities," Chuck Harvey, chairman of the compensation committee of Advocate Aurora's board of directors, says in an email. Average Northwestern Medicine Director yearly pay in the United States is approximately $177,514, which is 105% above the national average. Suite 3200 Prior to being CEO, Harrison served as Northwestern's president and CEO. Dr. Christine E Englehart, an employee and daughter of Erik Englehart, a former officer, received $44,146 for employment. Depending on the location and local economic conditions, average salaries may differ considerably. NORTHWESTERN CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The charts on this page feature a breakdown of the total annual pay for the top executives at NORTHWESTERN CORP as reported in their proxy statements. What do you think? Jobs; People on the Move; Reprints & Licensing; . Since joining the organization in 1997, he has been an active clinician and leader who now has primary responsibility for Northwestern Medicine. $35,680 / yr. Medical Assistant salaries - 2 salaries reported. McHenry Ive been baffled by this convention for my many decades in health care. IL, Northwestern Memorial Healthcare - Skogsbergh's co-CEO, Dr. Nick Turkal, former head of Aurora, got a whopping 187 percent raise to $11.4 million in 2017. You have repeated a common error made in listing groups of people that include some physicians. Jim Skogsbergh of Advocate Aurora Health was the highest-paid local CEO for the fifth year in a row, taking home $11.7 million in 2017up 42 percent from the year prior. Find out the highest paying jobs at Northwestern Medical Center and salaries by location, department, and level. His $2.2 million package declined 66 percent from $6.7 million in 2016, when he got. Dean M. Harrison CEO / President Chris Hensley Vice President Connie Falcone President John A. Orsini Senior Vice President and Chief Financial Officer Meg Scanlon Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Even as the 27-hospital network strives to generate savings and improve efficiency, it will bear the costs of two CEOs. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. We welcome you to explore careers with Northwestern Medicine. Lincoln Parks latest $9 million sale is just for the land, Illinois' top lawyer sues to halt Jewel parent's shareholder payout, A modern architectural jewel made of glass and concrete, Say goodbye to this dilapidated remnant of Sheridan Road's heyday. Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status. Employees vested in Plan A have contributions taxed currently with no deferred component, include: Employees vested in Plan B where the current year contributions are reported as compensation on the W-2 include: The following employees are not vested in the plan so the earned amount (listed below) remains at risk: NMH made a $50,000 loan to Joacquin Brieva, a former director, for retention. 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