Executive Compensation at Intermountain Healthcare (2022)

Intermountain Healthcare refers to a large healthcare system (33 hospitals and nearly 400 clinics) based in Salt Lake City, Utah. Although there are  numerous organizations under the Intermountain Healthcare system, the primary entities include IHC Health Services, Inc. and the Intermountain Healthcare Foundation, Inc.  – both of whom operate out of the same office.

There are 15 voting members (trustees) of the governing body (board of trustees) of IHC Health Services, Inc; 11 of whom are independent, although the Form 990 (2022) reports 17 trustees, 9 of whom are male while 8 are female (note:  The Form 990 does not report gender identity. Conclusions were made based on name and google searches).

IHC Health Services, Inc. reported $8.7 billion in revenue in 2022 (compared to $8.9 million in 2021, $7.1 billion in 2020, $7 billion in 2019 and $6.6 billion in 2018), most of which came from patient services, lab and pharmacy.

Expenses were $8.1 billion (including $377 million in depreciation) – $600 million less than total revenue, which along with a $2.5 billion adjustment to net assets (primarily due to the transfer of tax exempt debt to an affiliate) helped the organization to increase net fund assets by $1.8 billion in 2021 from $11.2 billion to $13 billion at year-end 2022, despite $1.3 billion in unrealized losses on investments.

The two largest expenses were compensation ($4.1 billion) and medical supplies ($1.7 billion), followed by fees for services ($817 million) and office-related expenses ($418 million).

In 2022, IHC Health Services, Inc. employed 49,436 individuals who were compensated $4.1 billion, which equates to an average compensation of $87,000.

8,077 employees received more than $100,000 in compensation with the 30 most highly compensated employees listed below:

• $6,622,751:  A Marc Harrison, Trustee, President, CEO
• $5,689,429:  Albert R Zimmerli, EVP, CFO, Sec, Treasurer
• $4,837,304:  Robert W Allen, SVP, COO
• $3,701,602:  Mark R Briesacher, SVP
• $3,006,850:  Dan Liljenquist, SVP
• $2,682,298:  Susan M Robel, SVP (partial)
• $2,576,746:  Janey Wade, Enterprise CFO
• $2,452,142:  David L Flood, SVP
• $2,323,306:  Heather Brace, SVP
• $2,310,945:  Kevan Mabbutt, SVP
• $2,059,552:  Ryan Smith, VP (partial)
• $1,942,402:  Greg J Matis, SVP, General Counsel (partial)
• $1,888,736:  Gregory M Johnson, VP
• $1,808,704:  Mikelle Moore, SVP
• $1,768,032:  Shannon Phillips, Region CMO (partial)
• $1,632,529:  Jason Hansen, Hospitalist
• $1,585,896:  Casey Bachison, Surgery-Orthopedic
• $1,477,868:  James Sheets, Region COO (partial)
• $1,449,119:  Clay Ashdown, SVP (partial)
• $1,345,800:  Kyle Eliason, Gastroenterology
• $1,290,139:  Rebekah Couper-Noles, COO Ambulatory Care (partial)
• $1,279,347:  Jotham Manwaring, Neurosurgery
• $1,271,586:  Frank Bishop,Neurosurgery
• $1,043,252:  Robert E Hoesch, Region CMO (partial)
• $1,025,339:  Suzanne Draper, VP, Business Ethics (partial)
• $  970,224:  Gregory Poulsen, SVP (partial)
• $  960,945:  Stacy Jennings, VP, CIO
• $  844,705:  Amy Christensen, Region CNO (partial)
• $  559,517:  Dennis Smith, Region CFO (partial)
• $  518,275:  Todd Craghead, Former Officer

21 of the 30 (70%) most highly compensated employees are male while  9 of the 30 (30%) are female.

The 30 most highly compensated employees received $54  in compensation in 2022. 10 of the most highly compensated employees received $134 million in compensation from 2016-2022.

A Marc Harrison:  Total Compensation 2016-2022: $33 million

• 2022:  $6,622,751
• 2021:  $7,230,557
• 2020: $5,962,2297
• 2019:  $4,864,089
• 2018:  $4,165,311
• 2017:  $3,012,030
• 2016:  $  899,498

Albert Zimmerli:  Total Compensaton 2016-2022:  $25 million

• 2022:  $5,689,429
• 2021:  $3,447,530
• 2020:  $3,559,640
• 2019:  $3,218,032
• 2018:  $3,887,829
• 2017:  $2,338,867
• 2016:  $2,749,420

Robert Allen:  Total Compensation 2016-2022:  $19 million

• 2022:  $4,837,304
• 2021:  $3,369,720
• 2020:  $2,929,308
• 2019:  $2,360,259
• 2018:  $1,956,364
• 2017:  $1,524,669
• 2016:  $1,051,960

Mark Briesacher:  Total Compensation 2016-2022:  $15 million

• 2022:  $3,701,602
• 2021:  $2,369,601
• 2020:  $2,214,766
• 2019:  $1,975,728
• 2018:  $1,729,437
• 2017:  $1,444,569
• 2016:  $  950,439

Heather Brace:  Total Compensation 2018-2022:  $7 million

• 2022:  $2,323,306
• 2021:  $1,648,150
• 2020:  1,287,052
• 2019:  $  948,935
• 2018:  $  540,711

David Flood:  Total Compensation 2016-2022:  $10 million

• 2022:  $2,452,142
• 2021:  $1,692,118
• 2020:  $1,710,783
• 2019:  $1,318,289
• 2018:  $1,098,073
• 2017:  $  905,922
• 2016:  $  847,582

Dan Liljenquist:  Total Compensation 2018-2022:  $9 million

• 2022:  $3,006,850
• 2021:  $2,134,444
• 2020:  $1,703,783
• 2019:  $1,269,339
• 2018:  $  800,982

Susan M Robel:  Total Compensation 2019-2022:  $6 million

• 2022:  $2,682,298
• 2021:  $1,565,699
• 2020:  $1,327,958
• 2019:  $  783,852

Janey Wade:  Total Compensation 2022:  $2.5 million

• 2022:  $2,576,746

Kevan Mabbutt:  Total Compensation 2018-2022:   $7 million

• 2022:  $2,310,945
• 2021:  $1,487,900
• 2020:  $1,329,865
• 2019:  $1,120,953
• 2018:  $1,045,301

The following severance, supplemental employer retirement, deferred compensation information was reported on  the Form 990, Schedule J, Part III Supplemental Information:

• Richard Zimmerli received $360,375 in Supplemental Employer Retirement payments in 2022. Mr .Zimmerli also received $1,380,079 in his compensation listed above, as part of the fifth year of a five year deferred compensation plan.
• Mark A Briesacher received $2,141,477 in severance payments in 2022. Mr. Briesacher also received $750,631 in supplemental employer payments in 2022.
• Todd Craghead received $291,551 in severance payments in 2022.
• Kevin A Mabbutt received $1,438,014 in severance payments in 2022.  Mr. Mabbutt also received $274,052 in supplemental employer payments in 2022.
• Shannon Phillips received $772,063 in severance payments in 2022.
• Ryan Smith received $1,510,522 in severance payments in 2022.
• David Flood received $300,000 in supplemental employer payments in 2022.
• Gregory M Johnson received $655,717 in supplemental employer payments in 2022.

IHC Health Services paid for first class travel, charter travel, and companion travel.  In addition, the organization paid for a residence for personal use/housing allowance, health or social club dues or initiation fees, and provided tax indemnifications and/or gross up payments. For more detailed information on these expenses, see the Form 990, Schedule J, Part III, Supplemental Information.

219 independent contractors received more than $100,000 in compensation. The 5 most highly compensated were reported to be:

• $225 million:  RI RCM Inc., of Chicago, IL for revenue cycle management
• $  53 million:  Summit Physician Specialists, of Murray, UT for medical services
• $  23 million:  Utah Radiology Associates, of Orem, UT for medical  services
• $  20 million:  Central Utah Clinic, of American Fork, Utah for medical services
• $  17 million:  Associated Regional and Univ, of Salt Lake City, UT for medical services

To read the IRS Form 990 (2022), click here.