Executive Compensation at Hackensack Meridan Health (2024)

Hackensack Meridian Health (HMH) is a tax-exempt, non-profit integrated healthcare network with 18 hospitals and more than 500 patient care locations in New Jersey.  With more than 40,000 employees, HMH is the largest healthcare provider in the Garden State.

Key financial information is summarized as follows:

• Total revenue was $8.8 billion in 2024, most of which is net patient service revenue ($7.5 billion) and management fees ($296 million) which is from the organizations (10 non-profits, 18 organizations taxed as partnerships, and 11 organizations taxes as corporations or trusts).
• Total expenses were $8.3 billion (including $294 million in depreciation) in 2024 with the largest expenses compensation ($3.8 billion), medical and pharmaceutical supplies ($1.9 billion), purchased and fees for services ($701 million), office and maintenance ($721 million),  and grants ($481 million), most of which were to Hackensack Meridian Health Medical Group Speciality, Primary, and Complex Care.
• Net assets were $5.9 billion at year-end 2024 (up from $5.5 billion the previous year).

42,596 employees received $3.8 billion in compensation in 2024, which equates to an average of $89,000.  45 of the most highly compensated employees were reported to be:

• $13,541,590:  Robert Garrett, CEO, Trustee
• $ 6,059,233:  Mark Stauder, COO, Chairperson, Trustee
• $ 4,866,513:  Robert Glenning, Pres, Fin and IT Div, CFO, Treasurer, Secretary
• $ 4,121,940:  Patrick Young, President Population Health
• $ 3,367,459:  Daniel Varga, President, Chief Physician Executive
• $ 3,262,822:  Ihor Sawczuk, President, Academics, Research, and Innovation
• $ 3,152,993:  Audrey Murphy, EVP, Co-Chief Legal Officer
• $ 2,945,429:  Mark Sparta, President, HMH North Reg and CHE
• $ 2,825,416:  Kenneth Sable, President, South Region
• $ 2,811,569:  Ann Gavzy, EVP, Co-Chief Legal Officer
• $ 2,454,717:  James Blazer, EVP, Chief Strategy Officer
• $ 2,442,099:  Linda McHugh, EVP, Chief Experience Officer, Trustee/Vice Chair
• $ 2,093,638:  Joyce Hendricks, Chief Development Officer, Trustee
• $ 1,977,715:  Kash Patel, EVP, Chief Digital and Info Officer
• $ 1,970,931:  Jeffrey Boscamp, President and Dean of School of Medicine
• $ 1,811,034:  Anne Goodwill-Pritchett, EVP, Revenue Operations
• $ 1,805,916:  Todd Way, Regional President, Hospitals
• $ 1,730,233:  Donna Snider, SVP, Chief Investment Officer
• $ 1,711,970:  Timothy Hogan, Trustee/EVP CTS, Pres CHE, RMC
• $ 1,550,489:  Jose Azar, EVP, Chief Quality Officer
• $ 1,427,246:  James Clarke, EVP and President, Physician Services
• $ 1,413,929:  Regina Foley, EVP, Chief Transformation Officer
• $ 1,391,244:  David Perlin, EVP, Chief Scientific Officer, Trustee
• $ 1,348,818:  Lisa Tank, President, Chief Hospital Executive, HUMC
• $ 1,244,611:  Andre Goy, Physician in Chief, Oncology
• $ 1,217,767:  Vito Buccellato, Trustee/Pres, Chief Hosp Exec, JSUMC
• $ 1,198,815:  Sara Jean Cuccurullo, VP,Physician in Chief/Chair Medical Rehab
• $ 1,156,061:  Jose Lozano, EVP, Chief Growth Officer
• $ 1,135,781:  Joseph Latternzi, Trustee, Physician MPI*
• $ 1,009,701:  Amie Thornton, Trustee/Chief Hospital Exec JFK
• $  983,063:  Kenneth Esser, Trustee/EVP, CTS Behavioral Health
• $  907,348:  Frank Citara, Trustee/President, Chief Hospital Executive, OUMC
• $  873,442:  David Kountz, VP, Academic Diversity and CAO, Trustee
• $  847,230:  Aida Capo, Medical Director PMA, Trustee*
• $  837,050:  Harpreet Pall, Trustee/VP, CMO, JSUMC*
• $  819,701:  Pranaychandra Vaidya, Medical Director, Trustee*
• $  756,623:  Lisa Iachetti, Trustee/President, Chief Hospital Executive, PMC
• $  744,772:  Patricia Carroll, Trustee/Pres, Chief Hospital Executive, OBMC, RBMC
• $  732,446:  Leah Klinke, EVP, Revenue Ops
• $  693,987:  Michelle Morrison, Trustee/Pres, Chief Hospital Exec, JFK
• $  603,131:  Caitlin Miller, Trustee/Pres, Chief Hospital Executive, BMC
• $  596,280:  Richard Neibart, Service Line Medical Director, Trustee
• $  566,991:  Adrian Pristas,  Trustee/Physician, MPI*
• $  484,544:  Theresa Brodrick, Former EVP,Chief Nursing Executive (T 4/1/23)
• $  384,782:  Mark Schlesinger, Chair, Anesthesiology, Trustee*

The 45 employees listed above received $90 million in compensation in 2024.  27 of the 45 (60%) are male while 18 of the 45 (40%) are female.

The most highly compensated employee was Robert Garrett, the CEO and Trustee who received $13.5 million in compensation in 2024.

HMH paid for first class or charter travel and travel for companions.  For details on these expenses, see the Form 990, Schedule J, Part III, Supplemental Information.

HMH reports there were no independent subcontractors paid more than $100,000 in compensation (Part VII, Section B Independent Contractors) yet also reports (Part IX, Statement of Functional Expenses) $701 million was used to pay fees for non-employees in accounting, legal, management, lobbying, fundraising and others). So, there appears to be a reporting error in Part VII, Section B.

To read the IRS Form 990 (2024), click here.