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.