Millionaire Executives, Billions in Revenue
Providence St. Joseph Health has grown into a massive corporation that is prioritizing executive pay, profits and expansion at the expense of quality patient care. Below are the executive compensation figures for 2017, the latest year that information is available. 1
Name | Title | Total Compensation |
Rod Hochman | President/CEO | $10,533,384 |
Mike Butler | President | $4,624,609 |
Debra Canales | EVP/Chief Administrative Officer | $2,910,666 |
Rhonda Medows, MD | EVP/Chief Population Health Officer | $2,708,746 |
Amy Compton-Phillips | EVP/Chief Clinical Officer | $2,516,017 |
Annette Walker | President of Strategy | $2,497,415 |
Cindy Strauss | Secretary | $2,376,334 |
JoAnn Escasa-Haigh | EVP/Assistant Treasurer | $2,039,774 |
Sharron Dwyer | EVP/General Counsel | $1,892,322 |
Richard Afable | EVP/PSJH So. CA Region | $1,662,841 |
Darrin Montalvo | President of Enterprise Services | $1,634,290 |
Aaron Martin | EVP/Chief Digital Innovation Officer | $1,616,390 |
Vemlat Bhamidipati | EVP/Treasurer | $1,486,287 |
Todd Hofheins | Former EVP/CFO/Treasurer | $1,406,722 |
Orest Holubec | SVP/Chief Communications/External Affairs Officer | $1,616,390 |
Total: $41,178,675 |
See Providence’s full IRS Form 990 for 2017
Clearly, Providence executives’ bank accounts are very healthy – Providence can afford to prioritize the health of patients and healthcare workers as well.
Alongside executive pay, Providence’s size, revenue and profits are soaring:
- Explosive annual revenue growth, from $14 billion in 2012 to $23 billion in 2017.2
- $780 million in profits and $11.3 billion in cash reserves in 2017.3
- Two $150 million for-profit venture capital funds.4
- Over 1,000 facilities in seven states, including 50 hospitals, more than 50 long-term care facilities and 860 outpatient sites.5
- IRS Form 990, Schedule J
- Providence St. Joseph Health Audited Financial Statement 2017
- Providence St. Joseph Health Audited Financial Statement 2017
- Providence Ventures press release by Providence Health and Services on September 16, 2014: http://www.providenceventures.org/in-the-news/2015/6/29/providence-launches-150-million-venture-capital-fund
- Providence St. Joseph Health Audited Financial Statement 2017