The total compensation for Atrium Healths top executive, Gene Woods, jumped nearly 20% in fiscal 2019, the Charlotte health care system reported Friday.

Woods received $7.25 million in total compensation, led by $2.67 million in salary, $2.44 million in bonuses and a separate $1.08 million in incentives.

By comparison, Woods received $6.06 million in total compensation in fiscal 2018.

Atriums compensation and other corporate financial aspects has taken on new interest in the Triad because of a pending, limited-defined partnership with Wake Forest Baptist Medical Center that is expected to be unveiled by March 31.

The official message since the not-for-profits April 10 memorandum of understanding announcement is they are jointly creating a next-generation academic health-care system headlined by a Charlotte medical school campus debuting in 2021 or 2022.

The systems told bondholders in a November notice the regulatory review process with the Federal Trade Commission is expected to be complete by or before early 2020.

Atrium also recently ended a management services agreement with Greensboros Cone Health in which Cones top executive, Terry Akin, had become an Atrium-compensated employee. Akin received $2.18 million in total compensation in 2019. Dr. Mary Jo Cagle, chief operating officer at Cone, received $1.2 million in total compensation.

Dr. John McConnell moved from chief executive to executive director of Wake Forest Healthcare Ventures on May 1, 2017. He had been chief executive for nearly nine years. His total compensation for 2017 was $2.15 million, down 6.5% from fiscal 2016, according to the IRS Form 990 filing.

Meanwhile, the 2017 compensation of $1.2 million for chief executive Dr. Julie Ann Freischlag reflects from when she took over as chief executive on May 1, 2017. Freischlag became permanent dean of the medical school in February 2018 after serving as interim deal for seven months.

Freischlags first full year of compensation in both roles will not be reported by Wake Forest Baptist until May 15, 2020.

In November, Wake Forest Baptist and Atrium pledged to build a multi-faceted tower and an eye institute in Winston-Salem.

The tower would house the emergency department, operating rooms and intensive care unit services and will be built on the main Ardmore campus atop an existing parking deck. It will feature new operating rooms with adult intensive care units, along with radiology, pathology and other related services.

The systems have not ruled out a much larger collaboration during their period of exclusive negotiations.

The open-ended nature of negotiating a potential medical partnership between Wake Forest University and Atrium has raised concerns about the future of Wake Forest Baptist and its medical school in Winston-Salem.

The local concern about the Charlotte campus is that it could eventually draw resources from the Winston-Salem campus or even lure the medical school itself from Winston-Salem. Wake Forest Baptist is the largest employer in Forsyth County with more than 13,000 workers.

Freischlag said April 10 that she and the majority of the existing medical school faculty would remain in Winston-Salem and that the Charlotte medical school would gain new faculty and utilize providers within the Atrium hospital system.

The rest is here:
Atrium Health top executive receives 20% boost in 2019 compensation - Winston-Salem Journal