“As a nonprofit entity, Banner Health exists to provide health care services to the communities we serve, not to generate profits,” the company states in IRS filings. “To that end, every dollar earned is reinvested … For every $1 received in payment for providing care, we spend, on average, 95 cents to pay our expenses.” And the expenses are . . . . "The company lists four employees earning more than $1 million. President and CEO Peter Fine received more than $2.9 million in salary, bonuses and benefits in 2011, according to Banner Health’s 2011 IRS 990 filing. Executive Vice President Ronald Bunnell reported $1.7 million, Dr. Ricky Latham, a Fairbanks, Alaska, cardiologist, earned $1.1 million in salary and benefits, as did Jim Ferando, president of Banner Health Western Division. Another 32 officers, directors or employees were reported as earning more than $350,000 in salary and benefits." Hawaii Tribune Herald H12:05 am - February 27, 2013 — Updated: 1:34 pm - February 27, 2013 What is Banner Health?
Posted on: Fri, 14 Jun 2013 15:17:33 +0000
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