UNC Rex Healthcare CEO salary and executive pay
UNC Rex Healthcare paid its CEO, M Chad Setliff, $495,574 for the fiscal year ending June 2025. On the return for the fiscal year ending June 2024, the CEO was Ernest L Bovio Jr, paid $1,232,774. Total revenue on that return was $1,916,498,283, up 10.6% from $1,733,107,391 for the fiscal year ending June 2024. UNC Rex Healthcare ranks 229th of 229 hospital systems on this site by CEO pay. UNC Rex Healthcare has 4 Form 990 returns on record, for fiscal years ending 2022 to 2025.
Last updated from IRS e-file data. EIN 56-1509260, Raleigh, NC.
CEO, fiscal year ending June 2025
$495,574
Highest-paid person, fiscal year ending June 2025
$3,939,666A Wesley Burks MDDirector
- Total revenue
- $1,916,498,283
- CEO pay vs. peers
- Higher than 1%
Source: Form 990, fiscal year ending June 2025, IRS object ID 202621289349303122.View the filing
Peers: the 183 other hospital systems on this site. Ranked 181st of 184 by top pay as a share of revenue. Pay is 0.03% 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, 13 people were paid more than $500,000, 7 of them more than $1 million.
| Name and title | Total |
|---|---|
| A Wesley Burks MDDirector | $3,939,666 |
| Jeff LindsayDirector | $2,935,019 |
| Mateen Akhtar MDPhysician | $2,110,290 |
| Joseph Bumgarner MDPhysician | $2,054,261 |
| Mohammed Farooqui MDPhysician | $1,997,074 |
Also paid on the latest return: Dwijesh Patel MD (Physician), $1,968,517; Waheed Akhtar MD (Physician), $1,847,338; Susan Moore MD (VP/UNC Rex Physicians), $908,444; Kirsten Riggs (Director/COO), $840,878; Meera Udayakumar MD (VP/Medical Affairs & CMO), $699,846; Benjamin Mathew (VP/CFO & Treasurer), $684,602; Rig Patel MD (Director), $611,927; Tate Bombard (VP/General Counsel & Secretary), $544,332; M Chad Setliff (Director/President), $495,574; Roy Tempke (VP/Care Transitions), $489,820; Maire CorCoran Ragozzine (VP/General Counsel & Secretary), $476,477; Chad Anderson (VP/Clinical Operations), $436,872; Diana Massa (VP/Clinical Operations), $433,376; Timothy Hester (VP/Physician Services), $414,156; Lorie Rhine (VP/Patient Care Services & CNO), $370,893; and 4 more.
Also listed in Part VII of the latest return, with no pay reported: Ann Collins MD (Director/Chairman), Catharine Arrowood (Director/Vice Chairman), Caryn McNeill (Director), Courtney Crowder (Director), David Mills (Director), Dayatra Matthews (Director), Jason Sandner (Director), Kevin Anderson (Director), Marilyn Pearson MD (Director), Melissa Fitzpatrick (Director), Robert Oakes (Director).
CEO pay by year
Each row is the CEO on that year's return.
| Fiscal year ending | Name and title | Total | Revenue | Source |
|---|---|---|---|---|
| Jun 2025 | M Chad Setliff CEO Director/President | $495,574 | $1,916,498,283 | Filing |
| Jun 2024 | Ernest L Bovio Jr CEO DIRECTOR/PRESIDENT (THRU 1/24) | $1,232,774 | $1,733,107,391 | Filing |
| Jun 2023 | Ernest L Bovio Jr CEO DIRECTOR/PRESIDENT | $956,196 | $1,623,067,183 | Filing |
| Jun 2022 | Ernest L Bovio Jr CEO President | $919,303 | $1,491,892,041 | Filing |
How this pay was reported
The parts of each total, as reported on the return for the fiscal year ending June 2025.
Source: Form 990, fiscal year ending June 2025, IRS object ID 202621289349303122.View the filing
| Part VII | Schedule J | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name and title | From org | Related | Other | Base | Bonus | Other | Deferred | Nontaxable | Total |
| A Wesley Burks MD*Director | $0 | $3,118,741 | $820,925 | $0 | $0 | $0 | $0 | $0 | $0 |
| Schedule J, from related orgs | $1,051,540 | $2,047,060 | $20,141 | $804,603 | $16,322 | $3,939,666 | |||
| Jeff Lindsay*Director | $0 | $2,583,593 | $351,426 | $0 | $0 | $0 | $0 | $0 | $0 |
| Schedule J, from related orgs | $1,289,430 | $1,260,003 | $34,160 | $335,275 | $16,151 | $2,935,019 | |||
| Mateen Akhtar MDPhysician | $2,043,158 | $0 | $67,132 | $1,674,970 | $367,613 | $575 | $45,375 | $21,757 | $2,110,290 |
| Schedule J, from related orgs | $0 | $0 | $0 | $0 | $0 | $0 | |||
| Joseph Bumgarner MDPhysician | $2,021,781 | $0 | $32,480 | $1,552,275 | $468,906 | $600 | $11,500 | $20,980 | $2,054,261 |
| Schedule J, from related orgs | $0 | $0 | $0 | $0 | $0 | $0 | |||
| Mohammed Farooqui MDPhysician | $1,984,842 | $0 | $12,232 | $880,198 | $1,104,644 | $0 | $0 | $12,232 | $1,997,074 |
| Schedule J, from related orgs | $0 | $0 | $0 | $0 | $0 | $0 | |||
| M Chad SetliffDirector/President | $463,771 | $0 | $31,803 | $114,583 | $291,794 | $57,394 | $28,200 | $3,603 | $495,574 |
| Schedule J, from related orgs | $0 | $0 | $0 | $0 | $0 | $0 | |||
These figures come from UNC Rex Healthcare'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 UNC Rex Healthcare compares
Ranked 229th of 229 hospital systems by CEO pay.
- Previous in this ranking: 228th, Dana-Farber Cancer Institute, $531,515
Closest in revenue among the hospital systems on this site:
Baystate Health$1,747,717 (CEO), fiscal year ending Sep 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
Hawai'i Pacific Health$1,393,821 (CEO), fiscal year ending Jun 2025
Children's Hospital Colorado$4,286,194 (CEO), fiscal year ending Dec 2024
Common questions
M Chad Setliff (Director/President) was paid $495,574 for the fiscal year ending June 2025: $463,771 from UNC Rex Healthcare and $31,803 in other compensation (Part VII columns D and F).
The highest-paid person on the latest return was A Wesley Burks MD (Director), at $3,939,666. That is $3,444,092 more than the CEO, M Chad Setliff.
UNC Rex Healthcare paid its CEO, M Chad Setliff, $495,574 for the fiscal year ending June 2025. On the return for the fiscal year ending June 2024, the CEO was Ernest L Bovio Jr, paid $1,232,774. The earliest return on record is for the fiscal year ending June 2022, when the CEO was Ernest L Bovio Jr, paid $919,303. By fiscal year end: June 2022, $919,303 (Ernest L Bovio Jr); June 2023, $956,196; June 2024, $1,232,774; June 2025, $495,574 (M Chad Setliff).
UNC Rex Healthcare's return for the fiscal year ending June 2025 reports total expenses of $1,795,864,521 and total revenue of $1,916,498,283 (Part I, lines 18 and 12), so revenue exceeded expenses by $120,633,762. Expenses were $1,722,487,808 for the fiscal year ending June 2024, so they rose 4.3%. The CEO's pay of $495,574 equals 0.03% of expenses, our calculation.
From the 4 Form 990 returns UNC Rex Healthcare filed with the IRS for fiscal years ending 2022 to 2025. The latest full-year return was filed on May 8, 2026. Schedule J of the fiscal year ending June 2025 return breaks down pay for all 6 people in the pay breakdown above.