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Executive compensation

2016 Novant Health Form 990

The following describes how executive leadership compensation is established at Novant Health, a not-for-profit organization. Listed below are the members of Novant Health Executive Team and the value of their 2016 compensation and benefits.

Our organization considers an employee's compensation personal and private; however, we also recognize the importance of transparency and public interest in how tax-exempt, not-for-profit organizations establish compensation and benefits for its top leaders. Novant Health prepares and files annually a Form 990 with the Internal Revenue Service (IRS) that discloses important financial information about the organization, including executive compensation and benefits. These annual information returns follow IRS rules and regulations, but they can be easily misinterpreted because of their complexity. We hope you find the summary on this page useful.

How executive compensation is established
  • The Novant Health Board of Trustees, which consists of community leaders from organizations and businesses, establishes executive compensation. Novant Health executives are not involved in determining their own compensation and benefits.
  • Because Novant Health is a tax-exempt, not-for-profit organization, its executive compensation must follow very specific checks and balances. Compensation must be considered "reasonable" and within an acceptable range compared to similar organizations. Executive compensation and benefits are established by comparing Novant Health to other similar health systems and organizations around the country that are comparable in size, complexity and reputation. The Board hires national, independent experts who guide trustees in this benchmarking process and help assure that compensation and benefits do not exceed fair market value.
  • Compensation is designed to be competitive and to help recruit and retain leaders. Novant Health establishes executive base salaries in the same way it establishes compensation for all employees, by using market data and comparing to similar jobs.
  • A significant part of executive compensation is based upon the performance of the organization and achieving goals that are challenging, balanced and focused on improving the services we provide to patients and communities. The executive team performs in the top quartile nationally. Novant Health's goals focus on the quality and safety of healthcare, improving the patient experience, transforming to an electronic health record, financial stewardship and providing community benefit.

In 2016, Novant Health provided more than $725 million in community benefit, including $122 million of financial assistance to the uninsured and those members of our communities who have the greatest needs. Novant Health is a very complex organization with 26,000 employees, annual operating revenues of $4.34 billion, 14 medical centers and approximately 470 locations across four states which include physician clinics and outpatient centers. This complexity is taken into consideration by the compensation consultant and the Committee when establishing its peer group.

Novant Health System Executive Compensation
Executive Team
Novant Health System Executives
Title 2016 Base Salary Compensation 2016 Incentive Compensation 2016 Total Annual Compensation 2016 Other Compensation, such as Retirement Payments * or Severance Nontaxable Benefits such as life and health insurance, disability Accounting accruals for deferred compensation
Carl Armato President & CEO Novant Health
1,346,995 1,409,377.5 2,756,373
566,420
38,533
65,093
Pete Brunstetter Chief Legal Officer & General Counsel Novant Health 476,055 431,641 907,695 30,434 32,426 160,739
Jesse Cureton Chief Consumer Officer & Executive Vice President Novant Health
585,933 632,227 1,218,159
29,888 39,454
183,228
Tanya Blackmon Chief Diversity and Inclusion Officer & Executive Vice President Novant Health
270,087 199,950 470,037 37,983 20,919
113,753
Fred Hargett Chief Financial Officer Novant Health
803,386 822,855 1,626,241 333,913
36,423 59,400
Jeffery Lindsay
Chief Operating Officer & Executive Vice President Novant Health
797,399
765,408 1,562,807
190,220
38,441 58,630
Denise Mihal Chief Nursing and Clinical Operations Officer & Executive Vice President Novant Health
663,751 450,861
1,114,611 143,107 19,334
64,305
John Phipps, MD President Novant Health medical group & Executive Vice President Novant Health
546,701 524,426
1,071,128 42,139 36,685
170,062
Janet Smith-Hill Chief Human Resources Officer & Executive Vice President Novant Health
424,880 304,260 729,140 36,362
32,259
133,181
Thomas Zweng, MD Chief Medical Officer & Executive Vice President Novant Health
564,485 490,125 1,054,610 41,815
42,461
178,663