Here are five things to know about executive compensation at HCA and Tenet, according to proxy statements recently filed with the Securities and Exchange Commission.
1. HCA CEO Sam Hazen saw his overall compensation rise to $21.3 million in 2023 while the overall pay for Tenet’s CEO Saum Sutaria, MD, hit $18.5 million.
2. Mr. Hazen saw a $6,678,258 increase from 2022, when his compensation was $14,637,726. Dr. Sutaria saw a $7,470,981 increase from 2022, when his compensation was $11,047,128.
3. Mr. Hazen was paid 356 times more than the health system’s median employee in 2023. The compensation of the health system’s median compensated employee was $59,816.
4. Tenet paid Dr. Sutaria 305 times more than the company’s median employee in 2023. Tenet’s median compensated employee earned $60,633 in 2023.
5. Here are the three other highest-earning executives at HCA and Tenet, respectively, in 2023:
HCA
Jon Foster, EVP and COO: $8.7 million
Bill Rutherford, EVP and CFO: $7.8 million
Timothy McManus, president, national group: $5.6 million
Tenet
Dan Cancelmi, CFO: $9,272,504
Tom Arnst, EVP, chief administrative officer, general counsel and corporate secretary: $3.7 million
Lisa Foo, EVP of commercial operations: $3.2 million
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