Dr. Olivia stepped down from his post last June after health insurer Highmark announced its plans to acquire WPAHS, which are pending regulatory approval.
Retirement and other deferred compensation comprised $5.4 million of the $7.4 million total, according to the report. Dr. Olivia’s 2011 severance was also listed under the deferred payment category. The remaining compensation went toward his base salary, bonuses, incentives, and other compensation and nontaxable benefits.
Dr. Olivia has since been working as a consultant for Highmark, but that arrangement will end this summer.
More Articles on Hospital Executive Compensation:
18 Connecticut Hospital Execs Make More Than $1M
6 For-Profit Hospital Chain Executives Who Received 2012 Base Salary Raises
California Bill Would Restrict Pay of Hospital District Executives
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
