With a $5.6 million bonus, Madeline Bell likely received the largest payday ever for a local health system CEO, an Inquirer analysis found.
, a Lancaster lawyer who represented Phoenixville Area School District in its successful bid to block Tower’s bid for property tax exemption for Phoenixville Hospital.Gheysens, who is CEO of Wawa Inc. and also oversees CHOP’s executive compensation committee, said in his statement that Bell’s compensation is benchmarked against a large group of her peers.
Among peer institutions, CHOP ranks as the nation’s largest children’s hospital by patient revenue, which totaled $3.1 billion in fiscal 2022. Its total revenue was $3.7 million.Bell’s predecessor, Steven Altschuler, who led CHOP for 15 years, was often the Philadelphia region’s highest-paid nonprofit health care executive.
CHOP offered little detail on how it arrived at Bell’s $5.6 million bonus, a question central to recent court rulings examining at what point hospital executive compensation Lawyers who represent school districts in challenges to property tax exemptions said not-for-profit health systems fiercely guard details of how they pay their executives, even as publicly traded and taxable for-profits are required to disclose a great amount of detail about their executives’ pay.graduate director for La Salle University’s master’s in nonprofit leadership program. She noted that best practices for the nonprofit sector have long emphasized transparency and accountability.
“For clients that are in a high degree of financial strain, it’s not uncommon to see more weight be put on achieving financial outcomes or goals that relate indirectly to financial outcomes,” Yaffe said.
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