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Posts tagged ‘Christopher Schmidt’

12
Mar

Executive Compensation at UPMC (2021)

The University of Pittsburgh Medical Center is a tax-exempt, non-profit healthcare provider with more than 95,000 employees that work in 40 hospitals and more than 800 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).

The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group (UPMC), a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (72,000) within the system.

Of key importance is the 14 most highly compensated employees received more than $220 million in compensation from 2016-2021. Read more »

10
Jan

Executive Compensation at UPMC Group (2020)

The University of Pittsburgh Medical Center is a tax-exempt, non-profit healthcare provider with more than 90,000 employees that work in 40 hospitals and more than 800 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).

The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group (UPMC), a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (66,000) within the system. Read more »

28
Jun

Executive Compensation at UPMC (Pittsburgh)

The University of Pittsburgh Medical Center (UPMC) is a tax-exempt, non-profit healthcare provider with more than 90,000 employees that work in 40 hospitals and more than 700 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).

The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group, a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (65,000) within the system. Read more »

2
Feb

Executive Compensation at UPMC (Pittsburgh, PA)

UPMC Group represents the operations of 52 tax-exempt entities including 15 hospitals, 12 physician groups, 3 skilled nursing facilities, and 22 other ancillary and support entities within the UPMC (University of Pittsburgh Medical Center) integrated healthcare delivery system.

Key financial details about UPMC Group for the year ending June 30, 2018 are summarized as follows:

  • Total revenue was $13.5 billion, of which $7.6 billion was net patient revenue and $5.3 billion was “other program service revenue.”
  • Expenses totaled $12.9 billon (not including $400 million in depreciation), with the 4 largest expenses being compensation ($5.6 billion), medical expenses ($3.7 billion), other expenses ($1.3 billion), and drugs and supplies ($1.2 billion).
  • UPMC Group had $5.7 billion in net assets at year-end.

62,093 employees received total compensation of $5.6 billion, which equates to an average compensation of $90,000.  7,958 employees received more than $100,000 in compensation with the 176 most highly compensated employees reported to be: Read more »