Charlotte’s Advocate Health’s top executives earned more than $55.5 million in 2024, according to newly released filings from the Charlotte-Mecklenburg Hospital Authority. The compensation marks a $16.4 million jump from the previous year, even as many Charlotte residents struggle with rising insurance premiums, higher deductibles, and record-high medical debt.

CEO Gene Woods’ Pay Climbs to $25.8 Million

Advocate CEO Gene Woods received $25.8 million in total compensation last year — a 49% increase from 2023, according to ProPublica.

His package included: • $4.6 million in base salary

$4.6 million in base salary • $14.4 million in bonuses

$14.4 million in bonuses • $6.7 million in incentives

$6.7 million in incentives

Woods was the system’s second-highest paid leader behind fo

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