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Executive compensation

2018 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 2018 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 2018, Novant Health provided more than $883 million in community benefit, including $154 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 29,000 employees, annual operating revenues of $5 billion, 15 medical centers and approximately 640 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

Novant Health System Executive Team Title 2018 Base Salary Compensation 2018 Incentive Compensation 2018 Total Annual Compensation 2018 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 1,503,933 1,331,375 2,835,308 653,931 40,045 24,000
Tanya Blackmon Chief Diversity and Inclusion Officer & Executive Vice President Novant Health 298,935 247,890 546,825 60,602 15,164 86,882
Pete Brunstetter Former Chief Legal Officer & General Counsel Novant Health 405,889 631,696 1,037,586 318,156 30,707 22,514
Jesse Cureton Chief Consumer Officer & Executive Vice President Novant Health 579,262 551,031 1,130,293 199,266 40,978 145,197
Eric Eskioglu Chief Medical Officer & Executive Vice President Novant Health 751,181 478,503 1,229,683 36,147 37,747 139,875
Fred Hargett Chief Financial Officer Novant Health 841,602 754,167 1,595,769 370,181 37,924 24,000
Jeffery Lindsay Chief Operating Officer & Executive Vice President Novant Health 915,320 762,396 1,677,716 228,118 30,246 24,000
Denise Mihal Chief Nursing and Clinical Operations Officer & Executive Vice President Novant Health 676,022 583,872 1,259,894 197,524 19,808 24,000
Pamela Oliver President Novant Health Physician Network & Executive Vice President Novant Health 423,317 27,905 451,222 34,978 31,975 24,000
John Phipps Former President Novant Health medical group & Executive Vice President Novant Health 475,523 700,711 1,176,234 424,735 27,355 24,000
Janet Smith-Hill Chief Human Resources Officer & Executive Vice President Novant Health 460,866 383,588 844,454 130,014 35,362 120,236
Angela Yochem Chief Digital and Tech Officer & Executive Vice President Novant Health 494,944 105,000 599,944 105,628 34,287 105,000
Thomas Zweng Former Chief Medical Officer & Executive Vice President Novant Health 336,434 670,824 1,007,258 510,223 42,991 18,300