UPMC CEO Jeffrey Romoff made $8.54M in 2018, a 40% jump | TribLIVE.com

UPMC CEO Jeffrey Romoff made $8.54M in 2018, a 40% jump

Natasha Lindstrom
UPMC President & CEO Jeffrey Romoff

UPMC President and CEO Jeffrey Romoff took home $8.54 million in compensation during the health giant’s fiscal year that ended last June, records made available Friday show.

Romoff’s pay from July 1, 2017, through the end of June amounted to $2.42 million more than the previous year — for a nearly 40% year-over-year increase from his 2016-17 pay of $6.12 million, according to UPMC’s form 990 filed with the IRS. He made $6.99 million in 2015-16.

That brings Romoff’s average annual compensation in the past three years to about $7.22 million.

At least two dozen UPMC executives and doctors made more than $1 million during the 2017-18 fiscal year, including 11 people who made more than $2 million.

UPMC Health Plan President and CEO Diane Holder made $3.52 million, down from the $3.68 million in compensation she earned the previous year.

Chief Financial Officer Robert A. DeMichiei’s salary and related compensation totaled $2.35 million, down from $2.7 million.

Several top executives received hefty pay hikes.

Dr. Steven D. Shapiro, chief medical and science officer, earned $3.16 million, up from $2.6 million in 2016-17, and David Farner, chief strategic and transformation officer, earned $3.34 million, up from $2.65 million the previous year.

Christopher Gessner, former president of UPMC Children’s Hospital of Pittsburgh, made $1.04 million, about $10,000 more than the previous year.

UPMC spokeswoman Susan Manko has said an executive compensation committee of UPMC’s board determines pay packages based on annual evaluations of how employees perform and whether they meet “written, clearly defined goals — including quality of care, community benefit, financial measures and other key factors.”

UPMC is Pennsylvania’s largest employer outside of the government. The nonprofit health care system employs more than 80,000 people, including more than 4,600 physicians across 30 hospitals and more than 600 doctor’s offices.

A total of 7,958 employees at UPMC made $100,000 or more, about the same as the previous year, but down from 8,005 employees who made six figures in 2015, the forms show. The public documents cover UPMC’s last fiscal year, which ended June 30.

UPMC, a nonprofit health care integrated delivery and financing system headquartered in Downtown Pittsburgh’s U.S. Steel Tower, controls provider and insurance arms.

Its insurance membership has grown to 3.5 million people.

Revenue for UPMC totaled $18.77 billion last year, up from $15.63 billion in 2017, according to financial documents filed earlier this year with state regulators. Operating income totaled $166 million in 2018, down from $246 million in 2017 and $215 million the previous year.

RELATED: UPMC, AG Shapiro’s legal teams face off before the state Supreme Court

Natasha Lindstrom is a Tribune-Review staff writer. You can contact Natasha at 412-380-8514, [email protected] or via Twitter .

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