Executive Compensation at Sentara Hospitals

Sentara Hospitals is part of the integrated healthcare system referred to as “Sentara Healthcare.”  A non-profit, tax-exempt 501 (c) (3), Sentara Hospitals reports the financial and other information of seven hospitals in southeastern Virginia and northeastern North Carolina. (Note: Sentera Healthcare reports having 12 hospitals in 2020 which indicates some hospitals are separate related/affiliated organizations).

In 2018, Sentara Hospitals reported total revenue of nearly $2.5 billion, most of which came from patient services.  Expenses totaled $2.2 billion  (including $123 million in depreciation) with the four largest expenses being:

• $1.1 billion:  Compensation
• $ 507 million:  Medical Supplies
• $ 322 million:  Office-Related Expenses
• $ 280 million:  Fees for Services (primarily healthcare professionals)

15,085 employees received $1.1 billion in compensation which equates to an average compensation of $73,000.  1,099 employees received more than $100,000 with the most highly compensated employees reported to be:

• $5,750,022:  Howard P Kern, Dir/Chair (comp from a related org)
• $1,994,201:  Michael V Gentry, Dir/Pres (comp from a related org)
• $1,588,868:  Robert A Broermann, Dir/Treas (comp from a related org)
• $1,178,618:  Mary L Blunt, Corp VP
• $1,049,729:  Teresa L Edwards, Corp VP
• $  995,239:  Michael J Reagin, SVP, Chief Info and Innov Officer
• $  881,653:  Kurt T Hofelich, VP Ambulatory Services
• $  816,512:  Jeffrey P King, Secretary (comp from a related org)
• $  732,710:  Genemarie W McGee, CNO
• $  668,780:  J Stephen Julian Jr, President SOH
• $  664,039:  Thomas Klevan, Med Dir, Cardiac SVC Line
• $  568,451:  Elwood P Boone III, Pres SVBGH
• $  561,163:  Carolyn C Carpenter, VP and COO, SNGH
• $  543,454:  Thomas Thames, Former T5 (comp from a related org)
• $  528,539:  Paul D Chidester, VP Medical Affairs
• $  495,445:  Joel T Bundy, VP Medical Affairs
• $  486,755:  David N Mohr, VP Clinical Info/Transf
• $  433,033:  Joanne M Inman, President SLH
• $  386,438:  Bertram Reese, Former Key Employee
• $  358,303:  Grace Myers, Former Key Employee
• $  327,218:  Robert C Firestone, VP Operations, SNGH
• $  206,378:  Samuel J Hawley, Former Officer (comp from a related org)

16 of the 22 (73%) most highly compensated employees are male while 6 of the 22 (27%) are female.

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

• $53,678,467:  Whiting Turner Contracting Co, of Baltimore, MD for construction
• $26,652,065:  Eastern Virginia Medical School, of Norfolk, VA for medical professional services
• $15,489,647:  Hourigan Construction Corp, of Virginia Beach, VA for construction
• $10,560, 225:  Aramark Healthcare Technologies, of Chicago, IL for medical technologies and services
• $ 8,691,285:  Morrison Management Specialists, of Mobile, AL for food and facilities management

Finally, it is worth noting, Sentara Hospitals had $1.4 billion in net assets at year-end 2018.

To read the IRS Form 990 (2018) for Sentara Hospitals, click here.