Advocate Health CEO Gene Woods’ compensation surged to $25.8 million in 2024, a 49 percent jump from the $17.3 million he earned the previous year, according to a recent tax filing.
Woods’ total pay leading the Atrium Health parent company has more than quadrupled since 2017, his first full year as CEO of Atrium Health — before their merger — when he earned $5.4 million.
Woods’ compensation places him above most other health care system leaders in the state. Novant Health CEO Carl Armato earned $8.2 million in 2024, Duke Health CEO Craig Albanese earned $2 million, UNC Health CEO Wesley Burks earned $2.36 million, WakeMed CEO Donald Gintzig earned $1.9 million, while Cone Health CEO Mary Jo Cagle and ECU Health CEO Michael Waldrum both took home about $1.7 million – but those organizations are significantly smaller than Advocate…