Logo with the text 'Moneyfiore Doing More' with 'Moneyfiore' styled in pink and blue, and 'Doing More' in gray.

Montefiore

Montefiore’s CEO Dr. Ozuah has consistently ranked in the top 5 highest-paid CEO list for years and, from 2020 to 2023, doubled his compensation. As “Moneyfiore” CEO pay soars, the hospital expands into a near monopoly for patient care in the Bronx. As it expands its empire into Westchester and the lower Hudson Valley, it threatens to leave Bronx patients behind.

While the Bronx suffers from over-crowded hospitals that leave patients waiting in hallways, Montefiore:

  • Pays executives millions. In 2023, Montefiore’s CEO Philip Ozuah brought in $16.4 million in total compensation, making him the second highest-paid hospital executive in the New York area. Between 2020 and 2023, his pay doubled, increasing by 120%. No other hospital CEO in New York City saw similar increases in that period.

  • Pads their wallets. In 2024, Montefiore Medical Center had excess revenue of $314 million, up from negative -$163 million in 2022. In 2024, investments generated $72 million for the hospital.

  • Refuses to invest where patients need care most. While Montefiore pays its executives millions, it holds a near monopoly on care in the Bronx, the poorest county in the state. In the spring of 2024, Montefiore announced a “restructuring plan” that involved reducing the number of beds at Montefiore Moses. Moses and Weiler still have overcrowded emergency rooms, and patients are routinely left to wait in hallways. Shifting services to other campuses did nothing to address these issues and only further threatens access to care in the Bronx, where patients need it most.

  • Invests in suburban patients. Nurses contend that Montefiore has the space and the resources to add more hospital beds and nurses to its hospitals in the Bronx to reduce overcrowding. Years ago, the spaces they use now for executive suites and administration were used for patient care. Montefiore is investing in a major expansion at White Plains Hospital in Westchester. The plan will double the emergency room and add 144 patient beds, paid for in part by a tax-free bond. They also entered a partnership with Amazon One Medical to bring more urgent care centers to Westchester. Amazon One Medical does not accept Medicaid. In October, 2025, Montefiore announced they were exploring affiliation with two more Upstate hospitals, St. John’s Riverside and Garnet Health.

  • Invests in their image. While disinvesting in the Bronx, Montefiore reportedly spent over $75 million in 2023 on advertising and promotion.