Baystate Health CEO salary and executive pay
Baystate Health paid its CEO, PETER D BANKO, $1,747,717 for the fiscal year ending September 2025. On the return for the fiscal year ending September 2024, the CEO was MARK A KEROACK MD, paid $2,758,272. Baystate Health ranks 136th of 148 hospital systems on this site by CEO pay. All of PETER D BANKO's reportable pay, $1,514,715, came from related organizations (column E). Baystate Health has 4 Form 990 returns on record, for fiscal years ending 2022 to 2025.
Last updated from IRS e-file data. EIN 04-2790311, Springfield, MA.
CEO, fiscal year ending September 2025
$1,747,717
- Total revenue
- $1,900,731,020
- CEO pay vs. peers
- Higher than 31%
Source: Form 990, fiscal year ending September 2025, IRS object ID 202602249349300600.View the filing
Peers: the 120 other hospital systems on this site. Ranked 83rd of 121 by top pay as a share of revenue. Pay is 0.09% of revenue, our calculation from the same return. Revenue is Part I, line 12; peers are compared on their latest full-year returns.
Highest-paid people on the latest return
On the latest return, 11 people were paid more than $500,000, 5 of them more than $1 million.
| Name and title | Total |
|---|---|
| PETER D BANKO CEO TRUSTEE/PRESIDENT & CEO - BH | $1,747,717 |
| MARK A KEROACK MDFORMER TRUSTEE/PRESIDENT & CEO - BH | $1,587,700 |
| RAYMOND MCCARTHYSVP, CFO & TREAS BH (THRU 4/22/25) | $1,335,635 |
| SAMUEL SKURAFORMER PRESIDENT BMC, SVP | $1,189,673 |
| NICOLAS JABBOUR MDTRUSTEE/CHAIR DEPT. OF SURGERY | $1,117,486 |
CEO pay by year
Each row is the CEO on that year's return.
| Fiscal year ending | Name and title | Total | Revenue | Source |
|---|---|---|---|---|
| Sep 2025 | PETER D BANKO CEO TRUSTEE/PRESIDENT & CEO - BH | $1,747,717 | $1,900,731,020 | Filing |
| Sep 2024 | MARK A KEROACK MD CEO TRUSTEE (THRU 6/3/24)/PRESIDENT & CEO - BH | $2,758,272 | $1,815,067,023 | Filing |
| Sep 2023 | MARK A KEROACK MD CEO TRUSTEE/PRESIDENT & CEO - BH | $2,632,878 | $1,753,545,483 | Filing |
| Sep 2022 | MARK A KEROACK MD CEO TRUSTEE/PRESIDENT & CEO, BH | $2,343,812 | $1,716,317,740 | Filing |
How this pay was reported
The parts of each total, as reported on the return for the fiscal year ending September 2025.
Source: Form 990, fiscal year ending September 2025, IRS object ID 202602249349300600.View the filing
| Part VII | Schedule J | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name and title | From org | Related | Other | Base | Bonus | Other | Deferred | Nontaxable | Total |
| PETER D BANKO*TRUSTEE/PRESIDENT & CEO - BH | $0 | $1,514,715 | $233,002 | $0 | $0 | $0 | $0 | $0 | $0 |
| Schedule J, from related orgs | $988,761 | $514,000 | $11,954 | $214,052 | $18,950 | $1,747,717 | |||
| MARK A KEROACK MD*FORMER TRUSTEE/PRESIDENT & CEO - BH | $0 | $1,554,650 | $33,050 | $0 | $0 | $0 | $0 | $0 | $0 |
| Schedule J, from related orgs | $782,776 | $461,744 | $310,130 | $18,975 | $14,075 | $1,587,700 | |||
| RAYMOND MCCARTHY*SVP, CFO & TREAS BH (THRU 4/22/25) | $0 | $1,279,577 | $56,058 | $0 | $0 | $0 | $0 | $0 | $0 |
| Schedule J, from related orgs | $719,349 | $309,758 | $250,470 | $29,325 | $26,733 | $1,335,635 | |||
| SAMUEL SKURAFORMER PRESIDENT BMC, SVP | $0 | $1,134,934 | $54,739 | $0 | $0 | $0 | $0 | $0 | $0 |
| Schedule J, from related orgs | $733,793 | $364,537 | $36,604 | $43,378 | $11,361 | $1,189,673 | |||
| NICOLAS JABBOUR MD*TRUSTEE/CHAIR DEPT. OF SURGERY | $1,055,742 | $0 | $61,744 | $792,778 | $172,092 | $90,872 | $22,425 | $39,319 | $1,117,486 |
| Schedule J, from related orgs | $0 | $0 | $0 | $0 | $0 | $0 | |||
These figures come from Baystate Health'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 Baystate Health compares
Ranked 136th of 148 hospital systems by CEO pay.
Closest in revenue among the hospital systems on this site:
UNC Rex Healthcare$3,939,666 (highest-paid), fiscal year ending Jun 2025
Main Line Health$3,302,622 (CEO), fiscal year ending Jun 2025
Children's National Hospital$2,644,721 (CEO), fiscal year ending Jun 2025
Kaleida Health$3,764,180 (CEO), fiscal year ending Dec 2024
Hawai'i Pacific Health$1,393,821 (CEO), fiscal year ending Jun 2025
Common questions
PETER D BANKO (TRUSTEE/PRESIDENT & CEO - BH) was paid $1,747,717 for the fiscal year ending September 2025: $0 from Baystate Health, $1,514,715 from related organizations and $233,002 in other compensation (Part VII columns D, E and F). Baystate Health ranks 136th of 148 hospital systems on this site by CEO pay.
The CEO, PETER D BANKO, was the highest-paid person on the latest return, at $1,747,717. Next was MARK A KEROACK MD (FORMER TRUSTEE/PRESIDENT & CEO - BH), at $1,587,700. On the latest return, 11 people were paid more than $500,000, 5 of them more than $1 million.
Baystate Health paid its CEO, PETER D BANKO, $1,747,717 for the fiscal year ending September 2025. On the return for the fiscal year ending September 2024, the CEO was MARK A KEROACK MD, paid $2,758,272. The earliest return on record is for the fiscal year ending September 2022, when the CEO was MARK A KEROACK MD, paid $2,343,812. By fiscal year end: September 2022, $2,343,812 (MARK A KEROACK MD); September 2023, $2,632,878; September 2024, $2,758,272; September 2025, $1,747,717 (PETER D BANKO).
From the 4 Form 990 returns Baystate Health filed with the IRS for fiscal years ending 2022 to 2025. Schedule J of the fiscal year ending September 2025 return breaks down pay for all 5 people in the pay breakdown above. The methodology page explains how they're chosen.