Executive Compensation at Intermountain Healthcare (2018)
Intermountain Healthcare refers to a large healthcare system in Utah, Nevada, and Idaho (24 hospitals and more than 370 healthcare facilities with more than 45,000 employees) based in Salt Lake City, Utah. Although there are numerous non-profits 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.
In short, IHC Health Services, Inc. reported $6.6 billion in revenue in 2018 (compared to $6 billion in 2017). Expenses were $6 billion (including $312 million in depreciation) which helped the organization (after adjusting for nearly $400 million in net unrealized losses on investments) to increase the general fund (or net fund assets) by $300 million in 2018 from $6.5 billion to $6.8 billion.
In 2018, IHC Health Services, Inc. employed 45,114 individuals who were compensated nearly $2.9 billion, which equates to an average compensation of $64,000.
4,740 employees received more than $100,000 in compensation with the 29 most highly compensated employees listed below:
- $5,442,490: Gregory P Poulsen, SVP
- $4,165,311: A Marc Harrison, Trustee/President/CEO
- $3,887,829: Albert R Zimmerli, EVP/CFO/SEC/TREAS
- $3,780,792: Joseph Mott, VP, COO Spec Based Care
- $2,197,182: Timothy T Pehrson, VP (partial year)
- $1,956,364: Robert W Allen, SVP/COO (partial year)
- $1,729,437: Mark R Briesacher, SVP
- $1,456,124: Marcus S Probst, VP
- $1,347,897: Benjamin Fox, MD, Neurosurgery
- $1,301,213: Casey Bachison, MD Surgery/Orthopedic
- $1,281,982: Eric Hooley, MD Surgery/Orthopedic
- $1,215,917: Berkeley Bate, MD – Neurosurgery
- $1,203,867: Terri L Kane, VP (former officer)
- $1,184,800: Douglas J Hammer, SVP General Counsel
- $1,182,106: Moody L Chisholm, VP (partial year)
- $1,098,073: David L Flood, SVP
- $1,056,066: Joseph D Fournier, SVP (partial year)
- $1,045,301: Kevan Mabbutt, SVP (partial year)
- $ 947,883: Gregory M Johnson, VP
- $ 917,541: Mark A Runyon, VP
- $ 898,740: Jacqueline Millard, VP
- $ 845,607: Mikelle Moore, SVP
- $ 818,732: Kimberly Henrichsen, SVP (partial year)
- $ 800,982: Daniel Liljenquist, SVP (partial year)
- $ 700,870: Steven R Smoot, VP (former officer)
- $ 604,995: John Wright, (former officer)
- $ 579,784: Charles W Sorenson Jr, (former officer)
- $ 540,711: Heather Brace, SVP (partial year)
- $ 503,621: Todd E Craghead, VP
24 of the 29 (83%) of the most highly compensated employees are male while 5 (17%) are female. The 10 most highly compensated employees are male.
IHC Health Services paid for first class travel and companion travel. In addition, health or social club dues or initiation fees were paid for by IHC Health Services. A housing allowance or a residence for personal use was also paid for by the organization. IHC Health Services provided tax indemnification and gross up payments. See Schedule J, Part III Supplemental Information on the IRS Form 990 (link below) for more detail on these expenses.
244 independent contractors received more than $100,000 in compensation with the top five reported to be:
- $131,902,866: R1 RCM Inc, of Chicago, IL for revenue cycle management
- $ 43,794,847: Summit Physician Specialists PC, of Murray, UT for medical
- $ 39,478,801: Utah Emergency Physicians, of Murray, UT for medical
- $ 18,768,676: Utah Radiology Associates, of Orem, UT for medical
- $ 17,832,457: Associated Regional and University, of Salt Lake City, UT for medical
To read the IRS Form 990 (2018), click here.