Executive Compensation at Centura Health (2018)
Centura Health is a tax-exempt, non-profit 501 (c) 3 healthcare provider based in Centennial, Colorado. With 17 hospitals, 14 affiliate hospitals, and hundreds of other healthcare providers (clinics, practices, etc), Centura Health is a faith-based organization with more than 21,000 employees.
This post addresses the executive compensation at the Centura Health Corporation (CHC) – an organization that has two members: Portercare Adventist Health System (a Florida not-for-profit corporation) and Catholic Health Initiatives Colorado (a not-for-profit Colorado corporation) – that provides overall management of the healthcare system. There are 9 voting members of the governing party, 7 of whom are independent; 8 of the board members are male while 1 is a female.
In 2018, total revenue reported was $425 million (compared to $420 million the prior year), most of which came from management fees from affiliated organizations. Expenses totaled $428 million (including $51 million in depreciation) which indicates CHC collects from its affiliates sufficient funds to cover the expenses (although at year-end CHC had $248 million in net assets which indicates they have not always spent what they collected).
CHC’s two biggest expenses are compensation ($216 million) an office-related expenses ($68 million). 2,839 employees received $216 million in compensation which equates to an average compensation of $76,000. 323 employees received more than $100,000 with the 12 most highly compensated reported to be:
- $2,418,500: Gary Campbell, CEO and Board Member (end 7/17)
- $1,800,227: Peter Banko, CEO and Board Member (beg 9/17)
- $1,387,308: Margaret Sabin, Group CEO, Penrose St Francis
- $1,148,728: Dan Enderson, Treasurer, CFO, SVP
- $1,128,453: Morre Dean, CEO, Porter Adventist Hospital
- $ 968,644: Scott Ellner, CEO, Physician Group
- $ 840,837: Mark Selna, SVP, Care Integration
- $ 832,119: Kris Ordelheide, SVP, Legal Services (former officer)
- $ 705,232: Pam Nicholson, SVP, Strategic Integration (former key employee)
- $ 685,419: Brett Spenst, CEO, Littleton Adventist Hospital
- $ 572,554: Dana Moore, SVP, Information Services (former key employee)
- $ 335,498: Angela Cox, VP, Revenue Management (former key employee)
The 12 most highly compensated employees received $13 million. 7 of the 12 most highly compensated employees are male while 5 of the 12 are female.
CHC paid for companion travel, provided discretionary spending accounts, and provided a housing allowance or a residence for personal use. In addition, CHC participates in deferred retirement accounts. To see details of these expenses, go to Schedule J, Part III, Supplemental Information on the Form 990.
22 independent contractors received more than $100,000 in compensation. The 5 highest were reported to be:
- $2,770,506: Triage Consulting Group, of San Francisco, CA for hospital reimbursement services
- $2,724,398: Conifer Revenue Cycle Solutions, of Dallas, TX for medical records and billing services
- $1,279,718: Kutak Rock, LLP, of Omaha, NE, for legal services
- $ 315,005: Price Waterhouse Coopers LLP, of Philadelphia, PA for assurance consulting
- $ 311,338, JJP Recruiting, LLC, of Watkinsville, GA for recruiting
To read the IRS Form 990 for the year ending June 30, 2018, click here.