Executive Compensation Summary

Health Sciences North (HSN)

HSN posts an overview of employment agreements for its Designated Executives, as well as the full employment agreements for its President and Chief Executive Officer.

President and Chief Executive Officer | Overview  | Employment Agreement

Chief of Staff | Overview

Senior Vice-President, Patient Experience and Digital Transformation | Overview (under construction)

Senior Vice President and Chief Operating Officer | Overview

Vice President, Medical and Academic Affairs | Overview

Interim Vice-President and Chief Nursing Executive | Overview (under construction)

Vice President, Patient Services, Clinical Transformation and Chief Nursing Officer | Overview

Vice President, Cancer and Clinical Support | Overview

Vice-President, People Relations and Corporate Affairs | Overview (under construction)

Health Sciences North Research Institute (HSNRI)

President and Chief Executive Officer | Overview  | Employment Agreement

Salary Caps 

HSN benchmarks the compensation of its executives with eight similar-sized Ontario hospitals. The benchmark hospitals were selected by the Board based on their size, in terms of audited revenues, and represent the four smaller hospitals and the four bigger hospitals next to HSN. The eight benchmark hospitals are: Southlake Regional Health Centre, Centre for Addiction and Mental Health, Humber River Hospital, St. Joseph’s Health Care London, Kingston General Hospital, Windsor Regional Hospital, Lakeridge Health and Sinai Health System. Four of the eight hospitals belong to the Council of Academic Hospitals of Ontario (CAHO) as does HSN. These hospitals had in 2015-2016 between $383 million and $600 million in revenues, with a median of $462 million equivalent to HSN’s revenues. These hospitals have between 2,073 and 3,335 full-time equivalent (FTE) employees, with a median of 2,828 FTEs comparable to HSN’s FTE of 2,840. HSN proposes to cap the annual compensation of its executives to the median of this comparator group of eight similar-sized Ontario hospitals. 

Dual Appointments

Like his predecessor, the President and Chief Executive Officer (CEO) of HSN also serves as CEO of the HSNRI, a separate organization governed by a separate Board of Directors providing separate compensation. Eighty percent (80%) of the CEO’s compensation is paid by HSN and 20% is paid by HSNRI. The CEO base salary at HSN is $314,407. The CEO is eligible to annual performance pay of up to 15% of base salary, contingent on the achievement of performance goals, bringing the CEO’s eligible compensation at HSN to $361,568. The base salary at HSNRI is $78,602. The CEO is eligible to annual performance pay of up to 15% of base salary contingent on the achievement of performance goals, bringing the CEO’s eligible compensation at HSNRI to $90,392. CEOs of HSN’s comparator group of eight similar-sized Ontario hospitals earned in 2015 and 2016 between $420,468 and $760,152, with the median being $490,647. 

The Vice-President, Cancer Services and Clinical Support is also compensated by HSNRI for additional work performed at HSNRI as Chief Operating Officer. His additional compensation from HSNRI is $20,000. 

HSN purchases the services of HSNRI’s Scientific Director to serve as its Vice-President, Research for the equivalent of one day per week.

The sharing of these three executives between HSN and HSNRI has enabled both organizations to minimize duplication and save costs.