High­mark and AHN list top salaries in tax fil­ings

For­mer CEO made more than cur­rent one

Pittsburgh Post-Gazette - - Business - By Steve Twedt

Pitts­burgh Post-Gazette

New tax fil­ings show that High­mark pres­i­dent and CEO David Holm­berg re­ceived $2.6 mil­lion in com­pen­sa­tion for 2016, in­clud­ing $900,000 in bonus and in­cen­tive pay.

But Mr. Holm­berg’s com­pen­sa­tion pack­age was eclipsed by $3.02 mil­lion paid to re­tired Al­legheny Health Net­work CEO John Paul, whose $190,459 in base salary was boosted by $1.06 mil­lion in bonuses, in­cen­tives and $1.13 mil­lion in “other re­portable com­pen­sa­tion.”

Mr. Paul stepped down CEO in Fe­bru­ary 2016.

The salary fig­ures are con­tained in the health care gi­ant’s Form 990, a yearly fi­nan­cial public dis­clo­sure re­quired by the IRS of vir­tu­ally all non­profit or­ga­ni­za­tions other than churches.

The fil­ing in­cludes 2016 fi­nan­cial data for High­mark and AHN, which showed a $26 mil­lion loss for High­mark Health and an $18.5 mil­lion profit for AHN.

The Penn­syl­va­nia In­sur­ance Depart­ment also re­quires reg­u­lar up­dates dur­ing the year as a re­quire­ment of its ap­proval of High­mark’s ac­qui­si­tion of the for­mer West Penn Al­legheny Health Sys­tem.

In March, High­mark Health re­ported a con­sol­i­dated $64 mil­lion op­er­at­ing profit for 2016, which in­cludes all High­mark Health en­ti­ties. The tax form re­leased Tues­day, how­ever, shows the cor­po­rate en­tity High­mark Health — after ex­clud­ing prof­its from its health plan, AHN and other di­ver­si­fied busi­nesses — had a $26 mil­lion stand-alone loss be­cause of in­vest­ments such as a new elec­tronic med­i­cal records sys­tem.

Tues­day’s fil­ing listed eight other High­mark and AHN em­ploy­ees whose to­tal com­pen­sa­tion ex­ceeded $1 mil­lion:

Physi­cian Don­ald Whit­ing, chair­man of the AHN Neu­ro­science In­sti­tute ($1.77 mil­lion); or­tho­pe­dic sur­geons Daniel Alt­man ($1.55 mil­lion), Gre­gory Alt­man ($1.50 mil­lion), Ed­ward Westrick ($1.44 mil­lion), and Ni­cholas Sotere­anos ($1.32 mil­lion); AHN Or­tho­pe­dic In­sti­tute Chair­man Pa­trick De­meo ($1.29 mil­lion); David Parda, chair­man of the AHN Cancer In­sti­tute ($1.1 mil­lion); and CFO Karen Hanlon ($1.1 mil­lion).

For­mer High­mark Pres­i­dent and CEO Wil­liam Winken­werder, who was ousted by the High­mark board in May 2014, re­ceived $707,799 in com­pen­sa­tion last year. as

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