Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

2 Health Execs Together Earned $13.4M

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

2 Health Execs Together Earned $13.4M

Article excerpt

Former West Penn Allegheny Health System President Christopher Olivia received $7.4 million in compensation and benefits for his work in 2010, according to a new tax filing, outpacing UPMC President and CEO Jeffrey Romoff who received nearly $6 million in salary, bonuses, benefits and other payments that year.

The salary information is included in an annual filing required of nonprofit organizations by the IRS. Both West Penn and UPMC released their filings for 2010 on Friday, the same day that West Penn officials disclosed their health system lost $34.1 million in the last six months of 2011.

Dr. Olivia, who left the financially ailing WPAHS last June after insurer Highmark announced plans to buy the health system, received $1.2 million in base compensation. Another $5.4 million in retirement and other deferred compensation disclosed in the 2010 documents included severance that was due him when he left last year. He also received $678,000 in bonus and incentive payments, $86,703 in other compensation and $20,495 in nontaxable benefits.

The CEO's base compensation refers to salary paid during the 2010 calendar year, but Dr. Olivia's 2011 severance was included in that year's filing under the category of deferred payment. Dr. Olivia has been working as a consultant for Highmark the past year, an arrangement that will end this summer.

Meanwhile, Mr. Romoff's compensation includes nearly $800,000 in compensation because he became fully vested in UPMC's retirement plan when he turned 65 in 2010.

According to UPMC's filing, Mr. Romoff was paid $959,210 in base salary, $3.7 million in bonus and incentives, $833,373 in "other reportable compensation" and $427,538 in retirement and other deferred compensation. Along with $22,341 in nontaxable benefits, his total compensation was $5.98 million.

In 2009, Dr. Olivia's total compensation package was worth $1.91 million and Mr. Romoff received $4.01 million in compensation and benefits.

While it can be difficult to compare hospital executive salaries because of the different makeup of the various systems, both men appeared to do well in comparison with peers just across the border in Ohio. …

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