Minnesota hospital executives at Children’s Minnesota and throughout our state are paid handsome salaries 1 for pushing a corporate healthcare model that puts their bottom line above patients. To ensure Minnesotans receive access to quality, affordable care, executives at organizations like Children’s need to be held accountable to priorities that serve patients and communities—not just profits. Look at the numbers below and ask yourself: is this how money in healthcare should be spent?
Senior vice president & CEO
Mark Gorelick, MD
Total Compensation1:
$1,488,082
Pay compared to average RN 2:
18:1
Senior vice president & CFO
Brenda McCormick
Total Compensation:
$608,951
Pay compared to average RN:
7:1
Senior vice president & chro
Laurin Cathey
Total Compensation:
$350,756
Pay compared to average RN:
4:1
Senior vice president & CMO
Emily Chapman, MD
Total Compensation:
$705,413
Pay compared to average RN:
8:1
Senior vice president & cio
Dave Lundal
Total Compensation:
$352,605
Pay compared to average RN:
4:1
Top paid Executives and Board of Director members at Children’s Minnesota took in a total of $10,398,405 in compensation in the year 2020.3 That money is spread out to only 21 of the highest compensated Executives and Board members, providing them an average annual income of $495,162, which is six times the average annual nurse compensation in the Twin Cities area.4