Albany Med Health System

Organization Overview

Albany Med Health System is located in Glens Falls, NY. The organization was established in 1937. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Albany Med Health System employed 2,752 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Albany Med Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Albany Med Health System generated $346.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $347.3m during the year ending 12/2020. While expenses have increased by 0.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

GLENS FALLS HOSPITAL PROVIDES A COMPREHENSIVE HEALTH CARE SYSTEM THAT STRETCHES ACROSS 6,000 SQUARE MILES ACROSS 5 DIVERSE COUNTIES. WE PROVIDE HIGH QUALITY CARE TO PEOPLE, REGARDLESS OF THEIR ABILITY TO PAY. WE ARE A 391 BED FACILITY WITH MORE THAN 380 CERTIFIED PHYSICIANS IN OVER 25 SPECIALTIES. OUR SERVICES INCLUDE, BUT ARE NOT LIMITED TO, EMERGENCY CARE, SURGICAL SERVICES, MENTAL HEALTH, CANCER CARE, PRIMARY CARE, AND PREVENTATIVE HEALTH EDUCATION. IN 2020, WE HAD 46,180 PATIENT DAYS AND 11,043 DISCHARGES. THE EMERGENCY CARE CENTER PROVIDED CARE TO 38,579 PATIENTS. OUR MENTAL HEALTH DEPARTMENT PROVIDED 39,846 OUTPATIENT TREATMENTS AND 6,617 INPATIENT DAYS. OUR SURGERY CENTER PERFORMED 9,149 PROCEDURES. SEE CONTINUATION ON SCHEDULE O. THROUGHOUT THE COVID-19 PANDEMIC, GLENS FALLS HOSPITAL HAS DEMONSTRATED THE ESSENTIAL NATURE OF OUR SERVICES FOR THE REGION AND HAS CONTINUED TO BE THE SAFETY NET HOSPITAL FOR OUR SURROUNDING COMMUNITIES. AT THE HOSPITAL, A COVID COMMAND CENTER WAS IMMEDIATELY ESTABLISHED AT THE ONSET OF THE PANDEMIC TO MANAGE COMMUNITY-BASED TESTING, SUPPLIES (ACQUISITION AND DEPLOYMENT), EQUIPMENT NEEDS, STAFFING, NEW DIRECTIVES AND LOCAL AND STATE-WIDE RESPONSES, INCLUDING DATA REQUESTS. IT WAS OPEN 7 DAYS PER WEEK FROM 7AM TO 7PM TO COVER ALL SHIFTS OF THE HOSPITAL UNTIL IT WAS SCALED BACK IN MAY 2020. IT WAS STAFFED BY AT LEAST TWO SENIOR LEADERS AT ALL TIMES, AS WELL AS A SUPPORT PERSON WHO ASSISTED WITH ANSWERING CALLS, SECURING SUPPLIES AND COORDINATING WITH OTHERS THROUGHOUT THE HOSPITAL. DESPITE SIGNIFICANT DECLINES IN VOLUMES AT THE ONSET OF THE PANDEMIC, THE HOSPITAL SECURED AND RETAINED AGENCY CONTRACTED LABOR AT PREMIUMS DURING THIS TIME TO MAINTAIN STAFF FOR THE NYS SURGE PLAN AND REQUIRED PREPAREDNESS MEASURES, AS WELL AS SECURED APPROPRIATE PHYSICIAN COVERAGE. THE HOSPITAL ALSO SET UP EMERGENCY TESTING TENT SITES IN OUR EMERGENCY DEPARTMENT PARKING LOT TO ADDRESS THE COMMUNITY TESTING NEED EARLY IN THE PANDEMIC. ADDITIONAL SIGNIFICANT COSTS WERE INCURRED TO: INCREASE PPE AVAILABILITY, SECURE CAPITAL NEEDED TO EXECUTE A SURGE PLAN, IMPLEMENT ADDITIONAL CLEANING PROCESSES AND PROCEDURES, IMPLEMENT TELEHEALTH, MAINTAIN OVERHEAD STRUCTURE, AND EXECUTE TESTING (AMONG OTHER ITEMS). EXAMPLES OF CAPITAL ITEMS PURCHASED INCLUDE IV PUMPS, A TELEMETRY SYSTEM, A UV MASK REPROCESSING ROOM, AIR PURIFYING EQUIPMENT, VACCINE FREEZERS, AND IPADS/EQUIPMENT FOR TELEHEALTH AND PATIENT/FAMILY COMMUNICATION. ADDITIONAL SUPPLY EXPENSES INCLUDE PATIENT SEPARATION BARRIERS FOR SOCIAL DISTANCING, N95 MASKS, HAND SANITIZER AND DISINFECTANTS, AND REFERENCE LAB COSTS RELATED TO THE PROCESSING OF COVID-19 TESTING RELATED TO IP, OBSERVATION, AND ED VISITS. FACILITY RELATED EXPENSES INCLUDE LEASED TENTS/TRAILERS SET UP OUTSIDE FOR COVID TESTING AND SCREENING. WE ALSO ADJUSTED OUR HVAC SYSTEMS TO CREATE NEGATIVE PRESSURE CARE ROOMS FOR COVID PATIENTS. THE HOSPITAL ALSO INVESTED MONEY IN ADVERTISING AND COMMUNITY EDUCATION TO PRODUCE COVID-RELATED EDUCATIONAL MATERIALS, BROCHURES, AND VIDEOS TO HELP THE COMMUNITY BETTER UNDERSTAND COVID AND THE SAFETY MEASURES IN PLACE AT GFH FOR THEMSELVES AND THEIR FAMILY MEMBERS. THE HOSPITAL ALSO RAPIDLY, EFFICIENTLY AND EFFECTIVELY SET UP A MASS VACCINATION CLINIC IN DECEMBER AS VACCINES BECAME AVAILABLE. THE HOSPITAL NOT ONLY SERVICED HOSPITAL-EMPLOYEES IN GETTING THEIR VACCINE ADMINISTRATION, BUT ALL ADMINISTERED TO COMMUNITY AGENCIES AND OTHER FIRST-RESPONDERS, THEREBY ENSURING THAT THESE GROUPS IN THE COMMUNITY WERE ABLE TO ALSO BE VACCINATED IN AN EFFICIENT MANNER.


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Board, Officers & Key Employees

Name (title)Compensation
Dianne Shugrue
President & CEO
$3,797,476
Steven Frisch MD
Board Member
$0
Sean Bain MD
Board Member
$401,783
Geoffrey Serfilippi MD
Board Member
$161,574
Mark L Behan
Vice Chair
$0
Tenee' Casaccio
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hudson Headwaters Health Network
Medical Services
$6,058,229
Kaufman Hall & Associates
Consultants
$2,326,439
Medical Anesthesia Specialists Of Ny Pc
Anesthesia Services
$1,847,614
Comphealth
Contract Labor
$1,568,237
Revmd Partners
Collection Services
$1,088,502
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$32,681,969
Investment income $1,336,087
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $45,611
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $346,451,670

Peer Organizations

Organization NameAssets
St Josephs Health System Subordinate Group Return
Paterson, NJ
$966,079,012
Atlanticare Health System Inc
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$927,367,580
Geisinger System Services
Danville, PA
$773,410,828
Bon Secours Charity Health System Affiliated Group
Suffern, NY
$636,407,693
Hartford Health Care Corporation
Hartford, CT
$551,640,424
Highmark Health
Pittsburgh, PA
$568,252,445
Centerlight Healthcare Inc
Flushing, NY
$646,590,314
Wellspan Health
York, PA
$553,522,884
Hackensack Meridian Health Inc
Edison, NJ
$549,822,020
St Clair Health Corporation
Pittsburgh, PA
$456,414,500
Wyckoff Heights Medical Center
Brooklyn, NY
$408,547,999
Albany Med Health System
Glens Falls, NY
$346,451,670
Cha General Services Inc
Malden, MA
$333,237,018
Episcopal Health Services Inc
Garden City, NY
$354,609,008
Albany Med Health System
Saratoga Springs, NY
$338,787,899
Mass General Brigham Incorporated
Boston, MA
$299,721,576
Mass General Brigham Incorporated
Somerville, MA
$338,432,149
Albany Med Health System
Albany, NY
$249,647,567
Trinity Health Of New England Corporation Inc
Hartford, CT
$230,952,220
Nuvance Health Medical Practice Pc
Poughkeepsie, NY
$225,713,088
True North Medical Group Pc
Westbury, NY
$161,443,844
The Guthrie Clinic
Sayre, PA
$126,982,063
Main Line Services
Newtown Square, PA
$199,360,001
Hartford Healthcare Medical Group Inc
Wethersfield, CT
$199,111,717
Upmc Pinnacle
Harrisburg, PA
$187,946,336

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