Local News

February 10, 2013

Salaries of hospital CEOs detailed



Fletcher Allen has a billion-dollar budget with 7,000 employees, in addition to a Level 1 trauma unit, Level 3 neo-natal intensive-care unit and the College of Medicine, as well as research facilities under the CEO’s purview.

Gilbert said the committee works with a national consultant to bring the information from those 130 sites together, “and we get a sense of the appropriate level of compensation.”

Committee members look at the CEO’s skills, experience and job performance, as well as the complexities of the position, “then we zero in on what the compensation is for a CEO at a similar organization in the region.”

Gilbert said that when he is asked about administrative salaries, he explains that the CEO is responsible for four main campuses, 30 patient-care centers and 100 medical clinics in Vermont and New York. The person also oversees transportation, food service and a myriad of other duties.

After that, he said, “the people understand more about the organization and the responsibilities.

“It is a challenge to make sure we are providing a fair and reasonable level of compensation to attract the talent that the community deserves.”


In 2010, Lisa Busby was interim chief executive officer at Moses-Ludington Hospital and was paid $127,952 in salary, bonuses and other compensation as part of parent company Inter-Lakes Health.

Busby, who has since moved on to the post of director of information technology at Inter-Lakes, declined to comment for this article.

But Moses-Ludington’s current CEO, William “Chip” Holmes, who came on board in the fall of 2011, is paid $210,000, according to officials at Fletcher Allen, which is affiliated with the Ticonderoga site.

Inter-Lakes Health also operates Heritage Commons Residential Health Care skilled-nursing facility, Moses-Ludington Adult Care home, Inter-Lakes Dental and Lord Howe Estates, a housing facility for low-income elderly clients.

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