Former West Penn Allegheny CEO tops health system's list of highest-paid executives
The top paid executive at West Penn Allegheny Health System was its former CEO, Christopher Olivia, who made $1.9 million in 2012 after stepping down from the job in 2011, according to tax records released on Thursday.
Olivia was the highest-compensated employee of the health system in 2011, when he made $6 million.
He resigned in June 2011 as Highmark Inc. announced a plan to acquire the financially struggling system. It is now part of Highmark's Allegheny Health Network.
A severance payment of $1.25 million was the largest component of Olivia's 2012 pay.
He joined the five-hospital West Penn Allegheny system in 2008 and oversaw three years of heavy financial losses. Now the president of Continuum Health Alliance, a New Jersey health care consulting firm, Olivia could not be reached for comment.
Allegheny Health Network spokesman Dan Laurent declined to comment.
West Penn Allegheny's finances have improved recently. For the January-March quarter, it posted a net loss of $12.5 million, compared with a net loss of $34.6 million in the same period a year ago.
And the system said on Wednesday that it was speeding up a plan to buy back bond debt from Highmark because its financial turnaround is making significant progress.
As a nonprofit, the five-hospital West Penn Allegheny is required by the Internal Revenue Service to make annual filings available to the public. The filings cover the fiscal year ended June 30, 2013, but compensation is for the 2012 calendar year.
Only one other non-physician employee was paid more than $1 million in 2012: Roy Santarella, former chief administrative officer who left in 2011. He was paid $1.3 million, including $703,000 in severance.
Many West Penn Allegheny executives resigned in recent years and are not involved in managing Allegheny Health Network, which is headed by CEO John Paul. Allegheny Health Network, which also owns Jefferson Regional Medical Center in Jefferson Hills and St. Vincent Health System in Erie, will release tax filings for 2013 in November.
Rival health system UPMC is expected to release its tax filings on Friday.
Alex Nixon is a staff writer for Trib Total Media.
Add Alex Nixon to your Google+ circles.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Stocks slide in busy week of quarterly earnings reports
- Mylan rejects Teva’s $40 billion takeover bid
- Oil’s rebound pushes up price at gas pumps
- Experts: If health insurers’ safeguard goes broke, consumers could pay
- Visa limits vex businesses
- Rules could kick door open for nuclear power
- Nike, Under Armour invest in watching exercisers’ steps
- Kings Family Restaurants sold to California firm
- Rebound of oil pushes up gasoline prices in Pittsburgh area
- California drought may be felt in Pittsburgh restaurants, groceries
- Retailers vie for workers in tightening labor market