“New Jersey’s highest-paid hospital executives have had a busy two years since the last time NJ Spotlight compiled this list — and the busiest execs have seen the sharpest pay increases.
Seven executives received more than $2 million in total compensation in 2013, the latest available data. That was the same number as the most recent NJ Spotlight list, which was based on 2011 information.
[related]Three of the top four executives worked for Hackensack University Medical Center and Meridian Health System, which have proposed a merger to create the state’s largest system.
This list only includes nonprofit executives, whose compensation is available on the 990 forms required from all nonprofits.
1. $2,890,640 – Robert C. Garrett
President and CEO, Hackensack University Medical Center
Along with working on the proposed merger with Meridian, Hackensack has been busy in other ways under Garrett. In recent years, it reopened Pascack Valley in partnership with Texas-based for-profit operator LHP Hospital Group; added Palisades Medical Center; and announced plans with Seton Hall University for a new medical school in Nutley. Hackensack UMC itself remains the busiest single hospital in the state.
2. $2,561,862 – David P. Tilton
President and CEO, AtlantiCare Health System
While Tilton’s system isn’t among the largest on this list, it’s entering into one of the more ambitious partnerships by joining up with Geisinger Health System. In the heart of the state’s most economically troubled region, AtlantiCare has worked to ensure that laid-off casino workers continue to receive healthcare.
3. $2,524,532 – John Gantner
Executive vice president for finance and partner company operations (former), Meridian Health System
The only non-CEO on this list, Gantner’s compensation spiked as he left Meridian. However, his pay also reflects the increasing importance of non-hospital partners, which he oversaw for Meridian, to health systems.
4. $2,459,881 – John K. Lloyd
President and CEO, Meridian Health System
The other top executive involved in the Hackensack-Meridian megamerger, Lloyd has guided Meridian to strike up a relationship with Geisinger. The partners have offered some Meridian Medicare patients Geisinger Gold, a Medicare Advantage program that assigns nurses to provide customized care to patients with chronic conditions.
5. $2,295,060 – Barry H. Ostrowsky
President and CEO, Barnabas Health
The head of the state’s largest health system, Ostrowsky’s pay in 2013 was slightly less than some of his peers. The system has remained active, actively expanding its accountable-care organization offerings and is reportedly in talks to form a partnership with Robert Wood Johnson Health System. Ostrowsky made one of the newsiest hospital hires of the year, adding state Human Services Commissioner Jennifer Velez to serve as senior vice president for planning and strategy.
6. $2,225,461 – Joseph Trunfio
President and CEO, Atlantic Health System
Trunfio announced his retirement in October after 15 years leading one of the largest and best-regarded systems. He’s being replaced by Johns Hopkins Medicine executive Brian A. Gragnolati.
7. $2,155,369 – Richard P. Miller
President and CEO, Virtua
Miller’s made his mark in the competitive South Jersey hospital market. The system has built partnerships across the Delaware River with Children’s Hospital of Philadelphia and Fox Chase Center.
8. $1,982,033 – Michael Maron
President and CEO, Holy Name Medical Center, Teaneck
Maron is the first person on this list who leads a single hospital, rather than a network of hospitals.
9. $1,974,909 – Audrey Meyers
President and CEO, Valley Hospital, Ridgewood
Another leader of a single hospital in hospital-rich Bergen County, Meyers is again the only woman to make this list.
10. $1,957,040 – Al Maghazehe
President and CEO, Capital Health System
Maghazehe’s system would have to weather a significant cut in charity-care aid from the state government under Gov. Chris Christie’s budget. Capital Health could offset this loss by helping Mercer County residents get enrolled in Medicaid.