Rod Hochman is the highest-paid health care executive in the Pacific Northwest, earning $9.5 milllion in 2021.
This Washington resident, working for Providence, gave the top 14 executives raises exceeding $14 million in 2017 (latest numbers we have). Their total compensation jumping 59 percent in a single year.
Providence is one of the largest health care providers in the country.
People in the U.S. owe at least $220 billion in medical debt & the bulk of that debt is owed by people with over $10,000 in debt.
This year the State Attorney General’s Office announced an agreement with Providence to resolve a lawsuit that claimed Providence trained its staff to aggressively ask for payment from patients with low incomes who were actually most likely eligible for financial assistance. They also billed them without determining if they really qualified. In thousands of cases, Providence knowingly sent low-income patients, including Medicaid enrollees, to debt collectors. The more than $137 million in medical debt they must forgive and the refund of more than $20 million to patients is a drop in the bucket, considering Providence rakes in $1.8 billion on just fee's alone on its members in a year.
Providence is one of the largest health care providers in the country, with a total of 51 hospitals, 34,000 physicians, and 1,000 clinics.
“Nonprofits” like Providence get tax breaks & many other benefits with the law's expectation that they are working to provide access to affordable health care. Providence, a healthcare giant led by one of the nation's highest-paid executives, has been exposed for predatory practices against low-income patients. CEO Rod Hochman's exorbitant compensation stands in stark contrast to the company's decision to aggressively bill and even sue vulnerable individuals. While hospitals claim financial pressures, Providence's lavish executive compensation and venture capital investments paint a different picture. The company's prioritization of profits over patient care is a betrayal of its mission as a nonprofit status organization. It's time for a fundamental shift in healthcare. We need leaders who prioritize the well-being of patients over corporate profits. UnitedHealthcare CEO Brian Thompson's demise serves as a cautionary tale, demanding transparency, accountability, and ethical conduct from ALL healthcare providers.