OHSU President Robertson Earned $1.6 Million, While Other Execs Handsomely Rewarded

The compensation figures for 2016 were released recently by OHSU and some salaries include incentive payments for meeting financial goals.

Oregon Health & Science University has released the executive compensation for its nine-member team led by President Dr. Joe Robertson, an ophthalmologist, who has spent nearly his entire career at OHSU. In fiscal 2015, Robertson was paid $1.6 million, which included nearly $241,000 in incentive pay. That amount varies by management level and level of individual performance — between 15 and 25 percent, Tamara Hargens-Bradley, spokeswoman for OHSU, told The Lund Report. Peter Rapp, executive vice president who was responsible for the hospital’s daily operations, earned $989,958 this year, including incentive pay of $156,556. Rapp is becoming the CEO of OHSU Partners, a management company that’s expected to become operational by October.

The goal is to align this new endeavor with physicians across the state to improve outcomes and, at the same time, strengthen the role of its two foremost collaborators that are ultimately responsible for its success -- Salem Health and OHSU. Tuality Health has agreed to play a much lesser role, with OHSU managing its clinical operations, allowing it to remain independent, which is a rarity these days. This nonprofit endeavor is being financed by OHSU and Salem Health whose boards will have oversight responsibility. With 13,984 employees, OHSU’s operating budget was $2.2 billion in 2014. Its profit, of $116.3 million, represented a 33.4 percent increase from the previous year, with a profit margin of 8.5 percent, according to financial statements, while net patient revenues grew to $1.29 billion, a 9.1 percent jump, and charity care dropped by 20.7 percent to $69.7 million.

Overall, OHSU Hospital had 551 beds and 37,145 emergency visits in 2014, with 162, 281 inpatient days and 858,241 outpatient visits. Executive Team Compensation Among the seven members of OHSU’s executive team, Dr. Mark Richardson, executive vice president and dean of OHSU’s School of Medicine, earned the highest amount in 2015: $916,820 compared to $942,859 the previous year. . Next in line came Lawrence Furnstahl, executive vice president and chief financial officer, at $795,681 followed by Daniel Dorsa, PhD, senior vice president for research, who earned $795,681. Dr. Jeannette Miadenovic, MBA, MACP, executive vice president and provost, earned $620,862; Dr. Norwood Knight-Richardson, MBA, senior vice president, received $534,211; Janet Billups, general counsel, received $467,320 and Connie Seeley, senior vice president for public affairs and chief of staff, earned $317, 158.

The incentive pay for Seeley, Dorsa, Furnstahl, Knight-Richardson and Miadenovic has not yet been determined. If the financial target is met, incentive payments will be made at the end of November contingent on the completion of the financial audit for FY15 and completion of FY15 goals assessments, said Hargens-Bradley. There will be no incentive payments if the financial target is not met. OHSU executive leaders team receive the same retirement, health and welfare benefits and contributions that OHSU unclassified employees receive, she added.

OHSU Executive Leadership Team Compensation

Janet Billups, General Counsel

FY13

Not a member of the executive leadership team.

FY14

Base pay – $195,734.67

One-time payment – $43,170

Benefits – $6,989.00

Cell phone/internet stipend - $204

FY15

Base pay – $333,197.04

One-time payment – $43,000

Benefits – $8,975.81

Retirement – $43,081.56

Cell phone/internet stipend - $408

Incentive payment - $38,364.00

Taxable Expense Reimbursement - $294

Daniel Dorsa, Ph.D., Senior Vice President for Research

FY13

Base pay – $360,049.30

One-time payment – $174,881

Benefits – $10,590.00

Retirement – $38,965.40

Incentive payment - $64,319.25

FY14

Base pay – $361,475.65

Benefits – $11,358.50

Retirement – $43,379.63

Incentive payment - $68,409.65

FY15

Base pay – $372,277.35

Benefits – $ 12,003.92

Retirement – $39,886.76

Incentive payment - TBD

Lawrence Furnstahl, Executive Vice President and Chief Financial Officer

FY13

Base pay – $636,540.06

One-time payment – $200

Benefits – $9,685.00

Retirement – $30,600.02

Incentive payment - $118,656.00

FY14

Base pay – $658,157.70

One-time payment – $100

Benefits – $ 10,329.00

Retirement – - $31,200.00

Incentive payment - $124,124.85

FY15

Base pay – $671,371.66

One-time payment – $50,000

Benefits – $11,205.92

Retirement – $31,800.00

Incentive payment - TBD

Jeannette Mladenovic, M.D., M.B.A., M.A.C.P., Executive Vice President and Provost

FY13

Base pay – $477,163.06

One-time payment – $100

Benefits – $10,590

Retirement – $52,762.81

Incentive payment - $62,757.10

FY14

Base pay – $542,077.16

One-time payment – $100

Benefits – $11,358.50

Retirement – $37,258.88

Incentive payment - $90,660.68

FY15

Base pay – $574,726.02

Taxable expense reimbursement – $1,055.09

Benefits – $12,106.42

Retirement – $32,975.20

Incentive payment - TBD

Norwood Knight-Richardson, M.D., M.B.A., Senior Vice President

FY13

Base pay – $485,828.46

One-time payment – $11,803.08

Benefits – $7,599.00

Retirement – $30,600.06

Incentive payment - $78,288.80

FY14

Base pay – $494,259.65

One-time payment – $ 11,703.08

Benefits – $7,847.20

Retirement – $31,200

Incentive payment - $78,448.65

FY15

Base pay – $494,344.65

Benefits – $8,067.33

Retirement – $31,800

Incentive payment - TBD

Mark Richardson, M.D., M.B.A., Executive Vice President and Dean, OHSU School of Medicine

FY13

Base pay – $618,574.32

One-time payment – $200

Benefits – $9,685.00

Retirement – $74,255.97

Incentive payment - $ 114,105.76

Clinical pay – $99,999.90

FY14

Base pay – $639,967.20

One-time payment – $100

Benefits – $10,329.00

Retirement – $78,028.07

Incentive payment - $114,436.49

Clinical pay - $99,999.90

FY15

Base pay – $652,808.22

Benefits – $11,205.92

Retirement – $74,525.64

Incentive payment - TBD

Clinical pay - $100,000.00

Connie Seeley, Senior Vice President for Public Affairs and Chief of Staff

FY13

Base pay – $230,089.34

One-time payment – $10,089

Benefits – $9,097.50

Retirement – $40,917.41

Incentive payment - $38,803.90

FY14

Base pay – $242,429.07

One-time payment – $323.20

Benefits – $9,218.25

Retirement - $43,147.88

Incentive payment - $ 41,415.95

Cell phone Internet payment - $1497.10

FY15

Base pay – $265,183.57

Taxable expense reimbursement – $58.05

Benefits – $9,429.06

Retirement – $40,854.63

Incentive payment - TBD

Cell phone Internet payment - $1,633.20

Here are descriptions of the financial components listed above:

-- Cash compensation: OHSU executive leaders receive competitive cash compensation packages that include base salary and the potential for incentive pay. Incentive payments are awarded only if the annual financial target is met or exceeded. When the target is met or exceeded, incentive plan participants can receive an additional 15 percent to 25 percent of his/her base salary (amount varies by management level and level of individual performance).

-- Benefits: OHSU executive leaders team receive the same retirement, health and welfare benefits and contributions that OHSU unclassified employees receive.

-- Faculty Practice Plan incentives: A small number of OHSU executives also are practicing physicians. In this capacity, they also may receive compensation directly associated with their own clinical practice productivity

-- Other payments: One-time bonuses associated with retention, sign-on or other point-in-time circumstances; one-time payments associated with health and wellness incentives that apply to all OHSU benefitted employees (e.g., bicycle incentive, wellness incentive); cell phone reimbursements that must be treated as taxable income.

Diane can be reached at [email protected].

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