Executive Compensation at Johns Hopkins Health System Corporation (2020)
The Johns Hopkins Health System Corporation (JHHSC), along with Johns Hopkins University School of Medicine is collectively referred to as Johns Hopkins Medicine – an integrated healthcare system that includes the medical school, six hospitals, four healthcare and surgery centers, and 40 outpatient healthcare sites.
Although Johns Hopkins Medicine has numerous non-profits, the focus of this post is the executive compensation at JHHSC (a non-profit 501 (c) (3) that serves as a support organization for the healthcare system providing management, centralized purchasing, distribution, legal, claims management and other services to support the medical service providers.
There are 12 voting members (trustees) of the governing body (board of trustees), 10 of whom are independent. 8 of the 12 (67%) are male while 4 of the 12 (33%) are female.
In 2020, JHHSC reported total revenue of $475 million (compared to $409 million in 2019), most of which came from “affiliation fees” ($316 million) which appears to be from the affiliate organizations, investment income ($98 million), contributions, gifts and grants ($20 million, most of which came from related organizations), and PACE program revenue ($14 million).
Expenses totaled $459 million (not including $12 million in depreciation) in 2020 with the largest expenses reported to be compensation ($241 million) and purchased services ($86 million).
JHHSC employed 3,382 individuals who were compensated $241 million, which equates to an average compensation of $71,000 602 employees received more than $100,000 in compensation with the 34 most highly compensated employees listed below:
- $2,888,940: Ronald R Peterson, Former President/Trustee
- $2,179,618: Kevin W Sowers, President, Trustee
- $1,780,975: Redonda Miller, Executive
- $1,774,317: G Daniel Shealer Jr, SVP, General Counsel, Asst Secy
- $1,640,734: Robert Kasdin, EVP, Finance
- $1,478,055: Michael L Larson, SVP, CFO, Finance
- $1,464,697: Daniel B Smith, SVP, Finance
- $1,174,415: Charles Reuland, Executive
- $1,171,647: Inez Stewart, SVP, HR
- $1,160,360: Ronald J Werthman, Former Officer
- $1,126,260: Deborah J Baker, SVP, Nursing
- $1,125,724: Patricia Brown, Executive
- $1,120,954: Richard Bennett, Executive
- $1,055,134: Jacqueline Schultz, Executive
- $1,050,999: Pamela D Paulk, Former Officer
- $ 999,154: Sally W MacConnell, SVP, Facilities
- $ 950,457: Peter Hill, SVP, Medical Affairs
- $ 855,174: Martin Basso, VP, Finance Community Division
- $ 824,720: John M Colmers, SVP, Healthcare Transformation
- $ 771,359: Thomas Trzcinski, VP, Finance and Treasurer
- $ 766,028: Mary Cooke, Executive
- $ 748,907: J Edward Beranek, VP, Revenue Management and Reimbursements
- $ 729,867: Renee Demski, VP, Quality
- $ 585,136: Samuel H Clark, Jr, Assistant Secretary
- $ 558,068: Peter B Mancino, VP, Corporate Compliance and HIPPA
- $ 521,673: Queenie Plater, VP, HR, Community Division
- $ 506,664: Daniel M Ashby, VP, Pharmacy Services
- $ 481,592: Linda Kline, VP Health Info Tech
- $ 420,015: Margaret Garrett, VP, Risk Management
- $ 416,589: Suzanne Sawyer, SVP, Marketing and Communications
- $ 398,553: Lakmini Kidder, VP, Revenue Cycle Management
- $ 379,225: Gregory Miller, Assistant Treasurer
- $ 341,609: Burton Fuller, Chief Supply Chain Officer
- $ 340,465: David Simpkins, VP, Mrktg and Comm, Capital Reg
As illustrated above, the 34 most highly compensated employees received $34 million in compensation.
20 of the 34 (59%) most highly compensated employees are male while 14 of the 34 (41%) are female. 8 of the 10 most highly compensated employees are male while 2 are female.
JHHSC paid for first class or charter travel and travel for companions. See the Form 990, Schedule J, Part III, Supplemental Information for detail.
For information on severance payments and the supplemental retirement deferred compensation plans, see the Form 990, Schedule J, Part III, Supplemental Information.
Kevin Sowers, a trustee and officer, is also a board member of Vizient, a company that received $756,573 in healthcare consulting services.
Paul Rothman, a trustee and officer, is also a director at Merck who has an interest in the Staywell Company, with whom JHHSC spent $937,592 to purchase a license to use patient education content.
86 independent contractors received more than $100,000 in compensation. The five highest were reported to be:
- $19.1 million: Deloitte Consulting, of Dallas, TX for consulting
- $ 3.7 million: Gibson Dunn and Crutcher, of Los Angeles, CA for legal services
- $ 3.4 million: Accenture, of Chicago, IL for consulting
- $ 2.7 million: Price Waterhouse Coopers, of Philadelphia, PA for accounting
- $ 2.6 million: 3M Health Information Systems, of Pittsburgh, PA for software maintenance
To read the IRS Form 990 (2019 for the year ending June 30, 2020), click here.