The List: Names and Numbers — New Jersey’s 10 Top-Paid Hospital Executives

Andrew Kitchenman | March 23, 2015 | Health Care, The List
Once again, seven top execs on the list pull down more than $2 million in compensation

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“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.