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Keeping a watchful eye on the nation’s ever expanding third largest hospital chain.

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Executive Salaries

As Providence St. Joseph grows, executives profit

When Providence Health and Services took over St. Joseph Health in 2016, the big winners were Providence’s top executives who snared big raises while laying off caregivers and slashing services.

CEO Rod Hochman’s total compensation soared from $4.1 million in 2016 to $10.5 million in 2017. Two other top Providence St. Joseph executives more than doubled their salaries in 2017, and two others received raises in excess of $1 million.

Overall, Providence gave its top 14 executives raises exceeding $14 million in 2017. Their total compensation jumped 59 percent, from $25.1 million in 2016 to $39.7 million in 2017.

Meanwhile, those same executives have set about to eliminate caregivers and reduce services.

Just months after the merger, Providence St. Joseph announced 210 layoffs. Last year the company announced it was cutting 550 jobs at Swedish.

In California, Providence St. Joseph announced 55 layoffs at Santa Rosa Memorial Hospital, which had just reported a $70 million operating profit. Among the layoffs were more than two dozen nursing assistants, several of whom had continued coming to work and caring for patients immediately after losing their homes in the 2017 Wine Country wildfires.

Among those laid off last July was the hospital’s last remaining employee trained to sit with patients who pose a danger to themselves. Just two months later, the hospital left a nursing assistant alone with a psychiatric patient, who shoved her against a wall and then jumped out a second-story window.

Providence also laid off 25 frontline caregivers in California’s Humboldt County, where its two hospitals reported a combined $172 million operating profit between 2014 and 2017.

“It’s about money,” Racheal Jordan, a constant care attendant who lost her job in the layoff, told KIEM. “They don’t care about us. They don’t care about patients.”

Instead of investing in caregivers and fully staffing their hospitals, Providence St. Joseph has pumped more money into venture capital investments. After poaching executives from Microsoft and Amazon, the company announced in 2019 that it would launch a new $150 million investment fund through its venture capital arm, Providence Ventures. The fund will pour money into technology and medical companies.

Name Title Total Compensation
Rod Hochman President/CEO $10,533,384
Mike Butler President $4,624,609
Debra Canales EVP/Chief Administrative Officer $2,910,666
Rhonda Medows, MD EVP/Chief Population Health Officer $2,708,746
Amy Compton-Phillips EVP/Chief Clinical Officer $2,516,017
Annette Walker President of Strategy $2,497,415
Cindy Strauss Secretary $2,376,334
JoAnn Escasa-Haigh EVP/Assistant Treasurer $2,039,774
Sharron Dwyer EVP/General Counsel $1,892,322
Richard Afable EVP/PSJH So. CA Region $1,662,841
Darrin Montalvo President of Enterprise Services $1,634,290
Aaron Martin EVP/Chief Digital Innovation Officer $1,616,390
Vemlat Bhamidipati EVP/Treasurer $1,486,287
Todd Hofheins Former EVP/CFO/Treasurer $1,406,722
Orest Holubec SVP/Chief Communications/External Affairs Officer $1,616,390
Total: $41,178,675

See Providence’s full IRS Form 990 for 2017

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