Executive Compensation at the American Board of Internal Medicine (ABIM)

The American Board of Internal Medicine (ABIM) is a physician-led independent evaluation organization to certify internists and the 20 subspecialties (i.e. infectious disease, cardiovascular, hematology, oncology, etc).  A non-profit, 501 (c) 3, ABIM estimates the organization certifies bout 200,000 physicians or about 1 in 4 physicians in the US.  ABIM is one of 24 medical specialty boards that make up the American Board of Medical Specialties (ABMS).

As such, ABIM predictably derives most revenue from certification – both certification to establish initial competence and “maintenance of certification” to ensure ongoing competence.

In 2023, ABIM reported total revenue of $90 million (primarily from certifications) and $63 million in expenses with the largest expense reported to be compensation.

283 employees received $39 million in compensation, an average of $138,000.  87 employees received more than $100,000 with the most highly compensated reported to be Richard Baron, the President and CEO who received $1,385,563.  

The 14 most highly compensated employees were reported to be:

• $1,385,563:  Richard Baron, President and CEO*
• $  558,908:  Richard Battaglia, Chief Medical Officer
• $  516,814:  Judith Cassel, Chief of Staff
• $  510,,867:  Furman McDonald, SVP, Academic and Medical Affairs
• $  483,201:  Rebecca Lipner, SVP, Assessment and Research
• $  482,817:  Vincent Mandes, SVP/CFO*
• $  458,639:  Pamela Browner-White, SVP, Communications*
• $  434,525:  Jeffrey Miller, VP, IT
• $  367,613:  Lorna Lynn, VP, Medical Education Research
• $  307,670:  Bradley Brossman, VP, Psychometrics
• $  277,178:  Robert Kendrick, VP, Finance Operations
• $  272,231:  Michael Yagley, Sr Director, Application Development
• $  271,869:  Bernadette Horvat, VP, Talent and Culture
• $  251,686:  Jeremy Dugosh, VP, Test Development

The 14 highly compensated employees listed above received nearly $7 million in compensation.  9 of the 14 (64%) are male while 5 of the 14 (36%) are female (note:  the Form 990 does not specify gender; determinations were made based on name and google searches).

10 of the most highly compensated employees in 2023 received $29 million in compensation from 2018-2023:

Richard Baron:  Total Compensation 2018-2023:  $7 million

• 2023:  $1,385,563
• 2022:  $1,227,661
• 2021:  $1,199,434
• 2020:  $  996,570
• 2019:  $1,425,615
• 2018:  $  864,568

Richard Battaglia:  Total Compensation 2018-2023:  $3 million

• 2023:  $558,908
• 2022:  $554,308
• 2021:  $556,346
• 2020:  $549,831
• 2019:  $511,991
• 2018:  $526,473

Judith Cassel:  Total Compensation 2018-2023:  $3 million

• 2023:  $516,814
• 2022:  $489,427
• 2021:  $446,406
• 2020:  $409,728
• 2019:  $345,324
• 2018:  $265,528

Furman McDonald:  Total Compensation 2018-2023:  $3 million

• 2023:  $510,867
• 2022:  $497,500
• 2021:  $474,258
• 2020:  $461,813
• 2019:  $452,801
• 2018:  $438,535

Rebecca Lipner:  Total Compensation 2018-2023:  $3 million

• 2023:  $483,201
• 2022:  $482,267
• 2021:  $460,195
• 2020:  $443,730
• 2019:  $758,502
• 2018:  $465,427

Vincent Mandes:  Total Compensation 2018-2023:  $3 million

• 2023:  $482,817
• 2022:  $458,674
• 2021:  $441,476
• 2020:  $430,310
• 2019:  $438,309
• 2018:  $425,342

Pamela Browner-White:  Total Compensation 2018-2023:  $2 million

• 2023:  $458,639
• 2022:  $457,125
• 2021:  $409,034
• 2020:  $381,653
• 2019:  $343,561
• 2018:  $310,622

Jeffrey Miller:  Total Compensation 2018-2023:  $2 million

• 2023:  $434,525
• 2022:  $409,639
• 2021:  $379,171
• 2020:  $352,882
• 2019:  $330,282
• 2018:  $259,311

Lorna Lynn:  Total Compensation 2018-2023:  $2 million

• 2023:  $367,613
• 2022:  $369,755
• 2021:  $351,014
• 2020:  $340,324
• 2019:  $364,068
• 2018:  $329,362

Bradley Brossman:  Total Compensation 2020-2023:  $1 million

• 2023:  $307,670
• 2022:  $309,265
• 2021:  $268,129
• 2020:  $246,117

20 independent  contractors received more than $100,000 in compensation with the 5 most highly compensated reported to be:

• $1,003,770:  Insight Global, of Atlanta, GA for employment agency services
• $  939,608:  Ballard Spahr, of Philadelphia, PA for legal services
• $  935,653:  Evolta, of Springfield, PA for IT Recruiting
• $  425,861:  East West Systems Inc, of Philadelphia, PA for software services
• $  401,780:  Zoomorphix Systems, of Bentley, Victoria AS f0r software services

To read the IRS Form 990 (2022 for the year ending June 30, 2023, click here.