AdventHealth CEO salary and executive pay
AdventHealth paid its CEO, Terry D Shaw, $9,855,391 for the fiscal year ending December 2024. That is up $3,511,284 (55.3%) from the fiscal year ending December 2023. Total revenue on that return was $3,188,539,500, up 71.2% from $1,862,805,097 for the fiscal year ending December 2023. AdventHealth ranks 19th of 229 hospital systems on this site by CEO pay. AdventHealth has 4 Form 990 returns on record, for fiscal years ending 2021 to 2024. Also known as Adventist Health System Sunbelt Healthcare Corporation.
Last updated from IRS e-file data. EIN 59-2170012, Altamonte Springs, FL.
CEO, fiscal year ending December 2024
$9,855,391
Also listed with a chief executive title on this filing: Banks David (SEVP/Group CEO PHD MSD Strategy), $4,869,658; Haffner PhD Randall L (SEVP/Group CEO FL & Clncl), $4,345,131; Adams Brian (EVP/CEO Central FL Division), $2,125,679; Stiltz Bryan (EVP/CEO PCN/Physician Enterprise), $2,035,369; Jahn Andrew (EVP/CEO Multi-State Div. (Beg 4/24)), $1,801,129; Davis Brent (EVP/CEO Primary Hlth Div.(Beg 10/24)), $1,205,817; Ottati David (EVP/CEO West FL Division), $3,002,459; Harcombe Douglas (CEO South Market CF South), $2,384,901; Gregory Audrey (EVP/CEO East Florida Division), $1,955,595; Bergherm Bruce (Pres Tampa/CEO West FL Region), $1,801,258.
- Total revenue
- $3,188,539,500
- CEO pay vs. peers
- Higher than 85%
Source: Form 990, fiscal year ending December 2024, IRS object ID 202523219349324357.View the filing
Peers: the 183 other hospital systems on this site. Ranked 27th of 184 by top pay as a share of revenue. Pay is 0.31% of revenue, our calculation from the same return. Revenue is Part I, line 12; peers are compared on their latest full-year returns.
AdventHealth's CEO is paid by Adventist Health System Sunbelt Healthcare Corporation, which files this return. Adventist Health System/Sunbelt, Inc., AdventHealth's largest filer, files a separate return. The system's largest single return is filed separately by Adventist Health System/Sunbelt (EIN 59-1479658), so the revenue shown here is this return's own, not the whole system's.
Highest-paid people on the latest return
On the latest return, 26 people were paid more than $500,000, 23 of them more than $1 million.
| Name and title | Total |
|---|---|
| Terry D Shaw CEO Dir/President/CEO | $9,855,391 |
| Banks DavidSEVP/Group CEO PHD MSD Strategy | $4,869,658 |
| Rathbun Paul CSEVP/CFO/Treasurer | $4,723,624 |
| Haffner PhD Randall LSEVP/Group CEO FL & Clncl | $4,345,131 |
| Bacon KennethFormer Key Employee | $3,110,811 |
Also paid on the latest return: Ottati David (EVP/CEO West FL Division), $3,002,459; Bromme Jeffrey (EVP/Chief Legal Officer), $2,529,177; Azevedo Olesea (EVP/Chief Culture/Transformation Off.), $2,418,023; Harcombe Douglas (CEO South Market CF South), $2,384,901; Snyder Esq Brent G (EVP/Chief Information Officer), $2,309,161; Huffman David (SVP Finance Operations), $2,190,280; Goodman Todd (SEO/CFO FL Division), $2,147,156; Adams Brian (EVP/CEO Central FL Division), $2,125,679; Moorhead MD David (EVP/Chief Clinical Off. (End 3/24)), $2,107,333; Stiltz Bryan (EVP/CEO PCN/Physician Enterprise), $2,035,369; Gregory Audrey (EVP/CEO East Florida Division), $1,955,595; Celano Patricia (SVP/Associate Chief Clinical Officer), $1,917,020; Cacciatore MD Michael (EVP/Chief Clinical Officer), $1,864,920; Box MD Brent (SVP/Assoc. Chief Clinical Off. & CMO), $1,822,168; Bergherm Bruce (Pres Tampa/CEO West FL Region), $1,801,258; and 33 more.
Also listed in Part VII of the latest return, with no pay reported: Morgan William H (Director (End 10/24)).
CEO pay by year
Each row is the CEO on that year's return.
| Fiscal year ending | Name and title | Total | Revenue | Source |
|---|---|---|---|---|
| Dec 2024 | Terry D Shaw CEO Dir/President/CEO | $9,855,391 | $3,188,539,500 | Filing |
| Dec 2023 | Terry D Shaw CEO Dir/President/CEO | $6,344,107 | $1,862,805,097 | Filing |
| Dec 2022 | Terry D Shaw CEO Dir/President/CEO | $5,678,983 | $1,641,947,111 | Filing |
| Dec 2021 | Terry D Shaw CEO Dir/President/CEO | $4,728,689 | $1,749,897,821 | Filing |
How this pay was reported
The parts of each total, as reported on the return for the fiscal year ending December 2024.
Source: Form 990, fiscal year ending December 2024, IRS object ID 202523219349324357.View the filing
| Part VII | Schedule J | |||||||
|---|---|---|---|---|---|---|---|---|
| Name and title | From org | Other | Base | Bonus | Other | Deferred | Nontaxable | Total |
| Terry D ShawDir/President/CEO | $8,529,704 | $1,325,687 | $2,502,579 | $4,564,973 | $1,462,152 | $1,304,406 | $21,281 | $9,855,391 |
| Banks DavidSEVP/Group CEO PHD MSD Strategy | $4,659,499 | $210,159 | $1,667,208 | $1,713,881 | $1,278,410 | $179,406 | $30,753 | $4,869,658 |
| Rathbun Paul CSEVP/CFO/Treasurer | $4,373,413 | $350,211 | $1,417,895 | $1,707,770 | $1,247,748 | $318,516 | $31,695 | $4,723,624 |
| Haffner PhD Randall LSEVP/Group CEO FL & Clncl | $4,129,971 | $215,160 | $1,741,198 | $2,099,022 | $289,751 | $179,406 | $35,754 | $4,345,131 |
| Bacon Kenneth*Former Key Employee | $3,105,063 | $5,748 | $166,583 | $959,419 | $1,979,061 | $0 | $5,748 | $3,110,811 |
These figures come from AdventHealth's Form 990 returns, as the IRS publishes them. The methodology page explains how they're chosen. To report an error, email corrections@ceopaycheck.com.
How AdventHealth compares
Ranked 19th of 229 hospital systems by CEO pay.
- Previous in this ranking: 18th, Baylor Scott & White Health, $10,016,731
- Next in this ranking: 20th, Highmark Health (Allegheny Health Network), $9,716,380
Closest in revenue among the hospital systems on this site:
MemorialCare$7,083,129 (CEO), fiscal year ending Jun 2025
Albany Med Health System$2,495,953 (CEO), fiscal year ending Dec 2024
Ascension$14,086,474 (CEO), fiscal year ending Jun 2025
Trinity Health$7,298,977 (CEO), fiscal year ending Jun 2025
Wellstar Health System$5,069,923 (CEO), fiscal year ending Jun 2025
Common questions
Terry D Shaw (Dir/President/CEO) was paid $9,855,391 for the fiscal year ending December 2024: $8,529,704 from AdventHealth and $1,325,687 in other compensation (Part VII columns D and F).
The CEO, Terry D Shaw, was the highest-paid person on the latest return, at $9,855,391.
AdventHealth's CEO is paid by Adventist Health System Sunbelt Healthcare Corporation, which files this return. Adventist Health System/Sunbelt, Inc., AdventHealth's largest filer, files a separate return.
AdventHealth paid its CEO, Terry D Shaw, $9,855,391 for the fiscal year ending December 2024. That is up $3,511,284 (55.3%) from the fiscal year ending December 2023. The earliest return on record is for the fiscal year ending December 2021, when the CEO was Terry D Shaw, paid $4,728,689. By fiscal year end: December 2021, $4,728,689 (Terry D Shaw); December 2022, $5,678,983; December 2023, $6,344,107; December 2024, $9,855,391.
AdventHealth's return for the fiscal year ending December 2024 reports total expenses of $2,738,002,698 and total revenue of $3,188,539,500 (Part I, lines 18 and 12), so revenue exceeded expenses by $450,536,802. Expenses were $1,871,776,075 for the fiscal year ending December 2023, so they rose 46.3%. The CEO's pay of $9,855,391 equals 0.36% of expenses, our calculation.
From the 4 Form 990 returns AdventHealth filed with the IRS for fiscal years ending 2021 to 2024. The latest full-year return was filed on November 17, 2025. Schedule J of the fiscal year ending December 2024 return breaks down pay for all 5 people in the pay breakdown above.