New Hampshire AG Issues Report on Nonprofit Hospital Executive Compensation
The New Hampshire Attorney General(NHAG) announced the release of a report on nonprofit hospital executive compensation. The report was commissioned by the NHAG and conducted by the New Hampshire Center for Public Policy Studies (NHCPPS). Items of interest in the report, as summarized by the NHAG’s press release, include:
“[M} most hospitals follow the process established by the Internal Revenue Service (IRS) for determining executive salaries. However, these hospitals do not necessarily follow the same process in determining other forms of executive compensation including hiring and retention agreements, bonuses, and perquisites . . . .”
“[I]n using IRS guidelines to set compensation, there is a potential “log-rolling” effect . . . In actual practice hospitals tend to target the 75 percentile, and often higher, in setting their CEO’s compensation . . . .”
Update: Boston.com issued a summary of the report on July 2 (Link)
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