Executive Compensation at Intermountain Healthcare (2019)

Intermountain Healthcare refers to a large healthcare system (22 hospitals and nearly 200 clinics) 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.

There are 17 voting members (trustees) of the governing body (board of trustees); 15 of whom are independent. 10 of the 17 (59%) are male while 7 of the 17 (41%) 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 $7 billion in revenue in 2019 (compared to $6.6 billion in 2018).  Expenses were $6.6 billion (including $410 million in depreciation) which helped the organization (along with $700 million of net unrealized gains on investments) to increase the general fund (or net fund assets) by $800 million in 2018 from $6.8 billion to $7.6 billion. The increase would have been more had IHC Health Services,Inc. not made a $250 million downward adjustment to reflect a negative change in the funded state of post retirement benefits.

In 2019, IHC Health Services, Inc. employed 44,041 individuals who were compensated nearly $3.1 billion, which equates to an average compensation of $71,000. 5,107 employees received more than $100,000 in compensation with the 23 most highly compensated employees listed below.

• $4,864,089:  Marc Harrison, Trustee, President, CEO
• $3,218,032:  Albert R Zimmerli, EVP, CFO, Sec, Treasurer
• $2,360,259:  Robert W Allen, SVP, COO
• $1,975,728:  Mark R Briesacher, SVP
• $1,826,516:  Timothy Yeatman, Medical Dir, Oncology
• $1,624,144:  Marcus F Probst, VP
• $1,348,765:  Douglas J Hammer, SVP, General Counsel
• $1,318,289:  David L Flood, SVP
• $1,269,339:  Dan Liljenquist, SVP
• $1,231,715:  Casey Bachison, Surgery-Orthopedic
• $1,196,110:  Rafe Connors, Cardio-Surgery
• $1,181,527:  Jotham Manwaring, Neurosurgery
• $1,171,826:  Berkeley Bate, Neurosurgery
• $1,120,953:  Kevan Mabbutt, SVP
• $1,091,288:  Gregory M Johnson, VP
• $1,060,430:  Mark A Runyon, VP
• $1,030,040:  Mikelle Moore, SVP
• $1,007,754:  Jacquelline Millard, VP
• $  948,935:  Heather Brace, SVP
• $  845,870:  Gregory Poulsen, SVP
• $  783,852:  Susan M Robel, SVP (partial year)
• $  487,631:  Todd E Craghead, VP (partial year)
• $  353,914:  Charles W Sorenson, Jr., Former Officer

The 23 most highly compensated employees received more than $33 million in 2019.  19 of the 23 (83%) most highly compensated employees are male while 4 of the 23 (17%) are female.  The 10 most highly compensated employees are all male.

Richard Zimmerli received $266,994 in Supplemental Employer Retirement Payments in 2019.

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 Schedule J, Part III, Supplemental Information.

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

• $190 million:  RI RCM Inc., of Chicago, IL for revenue cycle management
• $ 44 million:  Summit Physician Specialists, of Murray, UT for medical services
• $ 43 million:  Utah Emergency Physicians, of Murray, UT for medical services
• $ 20 million:  Associated Regional and Univ, of Salt Lake City, UT for medical
• $ 19 million:  Utah Radiology Associates, of Orem, UT for medical  services

To read the IRS Form 990 (2019), click here.