A year after St. Luke’s joined BJC Healthcare in St. Louis, tax filings show the Kansas City hospital system gave top executives big bonuses and retirement windfalls.
Bigger bonuses, higher executive salaries and a few eye-popping retirement payouts. That’s how St. Luke’s Health System closed the books on its final year as a nonprofit independent hospital chain, according to recent tax filings.
The $2.5 billion hospital system, which merged with St. Louis-based nonprofit BJC Healthcare at the start of 2024, paid one-third more in bonuses and incentives to its top-earning employees in 2023 compared to the previous year. Combined total compensation for those employees, whose salaries are included in the hospital system’s 990 tax filings, was up 27%.
Not surprisingly, executives at the top of the organizational chart saw the biggest paydays.
- Dr. Melinda Estes, who retired as CEO when the merger was completed, had total compensation of $4.4 million, including a $2 million base salary, a $1.57 million bonus (46% bigger than the previous year’s) and a $752,000 payout from a supplemental executive retirement plan (SERP).
- Chief Financial Officer Chuck V. Robb, who now is chief financial officer at BJC, pulled in total compensation of $7.8 million, thanks in large part to a $5.66 million retirement plan payout. (Robb had worked for St. Luke’s for three decades.) Meanwhile, his 2023 bonus of $1.17 million, more than three times his 2022 bonus, was more than his $747,000 base salary.
- And Julie Quirin, who became St. Luke’s president at the end of 2023 and is now president of BJC’s western region, got total compensation of just under $1.9 million in 2023, including $960,000 base pay and a $521,000 bonus (24% more than the previous year).