Executive Compensation at Northwell Health (2024)
Northwell Health is New York’s largest healthcare provider with 28 hospitals and more than 1,000 outpatient facilities with more than 100,000 employees across the network (which includes 151 tax-exempt organizations, 27 taxable partnerships, and 49 organizations taxable as a corporation or trust) for a total of 227 organizations.
The focus of this post is on the executive compensation of Northwell Healthcare, Inc. (NHI), a non-profit, tax-exempt 501 (c) (3) that provides advisory and administrative support services to the affiliated healthcare organizations that comprise Northwell Health. This means the primary source of income for NHI is the revenue the affiliated organizations give, which amounted to $2.2 billion in 2024 (out of $2.7 billion in total revenue). In other words, the organizations that make up Northwell Healthcare paid $2.2 billion to a related organization to manage themselves.
Expenses for NHI totaled $2.6 billion (including $284 million in depreciation) with the largest expenses reported to be compensation ($1.4 billion), office-related expenses ($370 million), purchased services and fees for services ($325 million), and interest ($87 million). Read more 
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