Albany Medical Center is located in Saratoga Springs, NY. The organization was established in 2014. 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 12/2021, Albany Medical Center employed 2,942 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Albany Medical Center 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 12/2017, Albany Medical Center generated $338.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $310.0m during the year ending 12/2017. While expenses have increased by 5.3% per year over the past 3 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PEOPLE OF THE SARATOGA REGION BY PROVIDING THEM ACCESS TO EXCELLENCE IN HEALTHCARE IN A SUPPORTIVE AND CARING ENVIRONMENT.
Describe the Organization's Program Activity:
THE FOREMOST COMMITMENT OF THE HOSPITAL IS TO PROVIDE SUPERIOR QUALITY HEALTHCARE TO THE PEOPLE OF OUR COMMUNITY, REGARDLESS OF THEIR ABILITY TO PAY. SARATOGA HOSPITAL IS THE LARGEST HEALTHCARE PROVIDER AND ONLY HOSPITAL LOCATED IN SARATOGA COUNTY. THE SERVICES PROVIDED BY THE HOSPITAL TO THE COMMUNITY ARE BROAD AND VARIED. FOLLOWING IS A LISTING OF SOME OF THE MOST SIGNIFICANT OF THOSE SERVICES: * THE HOSPITAL OPERATES THE ONLY EMERGENCY DEPARTMENT IN SARATOGA COUNTY 24 HOURS PER DAY, 365 DAYS PER YEAR. DURING 2017, THE HOSPITAL EMERGENCY DEPARTMENT FACILITATED 38,199 PATIENT VISITS. * THE HOSPITAL REPRESENTS THE ONLY INPATIENT ACUTE CARE FACILITY IN SARATOGA COUNTY. DURING 2017, THE HOSPITAL HAD 9,919 ADMISSIONS FOR INPATIENT ADULT AND PEDIATRIC CARE. THESE ADMISSIONS INCLUDED 760 BIRTHS, 697 ADMISSIONS TO OUR INPATIENT MENTAL HEALTH UNIT AND 59 ADMISSIONS FOR HOSPICE CARE. TOTAL ADULT AND PEDIATRIC INPATIENT DAYS FOR THE HOSPITAL DURING 2017 WERE 42,644 WHICH INCLUDED 5,207 DAYS OF INPATIENT CARE IN THE CRITICAL CARE UNIT. * THE HOSPITAL MAINTAINS A FINANCIAL ASSISTANCE POLICY, ELIGIBILITY FOR BENEFIT FROM WHICH IS DETERMINED BY THE HOSPITAL'S PATIENT FINANCIAL SERVICES DEPARTMENT BASED UPON THE FINANCIAL MEANS OF THE PATIENT AND/OR PATIENT'S FAMILY. THE AMOUNT OF FINANCIAL ASSISTANCE BENEFIT PROVIDED TO PATIENTS IS BASED ON THE COMPARISON OF THEIR DOCUMENTED INCOME VERSUS ANNUAL FEDERAL POVERTY LEVEL (FPL) STANDARDS. THE FOLLOWING IS A SLIDING SCALE OF BENEFITS (AS A PERCENTAGE OF PATIENT RESPONSIBILITY FOR REIMBURSEMENT) AVAILABLE TO PATIENTS WITH VARYING LEVELS OF INCOME: O FPL X 250% OR BELOW- 100% DISCOUNT O FPL X 300%- 75% DISCOUNT O FPL X 350% - 50% DISCOUNT O FPL X 400%- 25% DISCOUNT IN ADDITION TO THE MEANS-TESTED FINANCIAL ASSISTANCE PROGRAM DESCRIBED ABOVE, THE HOSPITAL PROVIDES AN AUTOMATIC DISCOUNT FROM CHARGES (81% FOR 2017) FOR ANY UNINSURED PATIENTS RECEIVING CARE AT ANY OF THE HOSPITAL'S LOCATIONS. THE DISCOUNT PERCENTAGE IS DETERMINED ANNUALLY AND IS DESIGNED TO RESULT IN UNINSURED PATIENTS BEING BILLED NO MORE FOR SERVICES THAN THE HOSPITAL WOULD BE REIMBURSED BY MEDICARE FOR THE SAME SERVICES. THIS DISCOUNT APPLIES REGARDLESS OF A PATIENT'S ABILITY TO PAY. THE DISCOUNT IS SHOWN CLEARLY ON ANY BILLS SENT TO THE PATIENT IN ORDER TO ENHANCE AWARENESS OF THE AVAILABILITY OF THIS BENEFIT. THE HOSPITAL ALSO PROVIDES DISCOUNTED RATES TO UNINSURED PATIENTS RECEIVING CARE AT ITS EMERGENCY DEPARTMENT OR URGENT CARE SITE. UNINSURED PATIENTS ARE ASKED TO PAY A FLAT FEE PER VISIT, REGARDLESS OF THE AMOUNT OF CHARGES TO THEIR ACCOUNT. EACH PATIENT IS CLASSIFIED INTO ONE OF THREE TIERS BASED ON THE LEVEL OF SERVICES PROVIDED, WITH A PROGRESSIVELY HIGHER ALL-INCLUSIVE FEE FOR EACH TIER. THE FIRST TIER IS FOR URGENT CARE VISITS CONSISTING OF ONLY AN OFFICE VISIT, THE SECOND TIER IS FOR VISITS INCLUDING AND OFFICE VISIT AND ANY LABORATORY OR X-RAY PROCEDURES AND THE THIRD TIER IS FOR VISITS INCLUDING AN OFFICE VISIT AND CT OR MRI SCANS. DURING 2017, THE BENEFITS PROVIDED UNDER THESE POLICIES, MEASURED ON THE BASIS OF COSTS, AMOUNTED TO APPROXIMATELY $3,590,000. * THE HOSPITAL HAS ONE SITE PROVIDING URGENT CARE SERVICES TO THE COMMUNITY. MANY PATIENTS IN THE COMMUNITY ARE UNABLE TO ACCESS PRIMARY CARE ON A TIMELY BASIS IF AT ALL. THE HOSPITAL HAS CONTINUALLY EXPANDED ACCESS TO THE URGENT CARE SITE, INCLUDING NIGHTS AND WEEKENDS IN ORDER TO MEET COMMUNITY NEED. AS A RESULT, OUR URGENT CARE SITE HAS BECOME A SIGNIFICANT PORTAL OF ACCESS TO CARE FOR THE COMMUNITY. DURING 2017, OUR URGENT CARE SITE ACCOMMODATED 34,379 PATIENT VISITS. * DURING 2017 THE HOSPITAL INCURRED BAD DEBT EXPENSE OF APPROXIMATELY $5,399,000 MEASURED ON THE BASIS OF CHARGES. THE BAD DEBT EXPENSE CONTINUES TO BE LARGELY COMPRISED OF PATIENTS HAVING NO OR INSUFFICIENT INSURANCE, AND ALSO OF PATIENTS USING OUR EMERGENCY DEPARTMENT AND URGENT CARE FACILITIES, WHICH UNINSURED PATIENTS WILL OFTEN UTILIZE AS AN OPTION AS OPPOSED TO RECEIVING NO CARE AT ALL. * AS THE LARGEST HEALTHCARE PROVIDER IN THE COMMUNITY, THE HOSPITAL SERVES A SIGNIFICANT NUMBER OF MEDICARE AND MEDICAID INSURED PATIENTS. LOSSES INCURRED FROM PROVIDING SERVICES TO MEDICARE AND MEDICAID PATIENTS DURING 2017 WERE APPROXIMATELY $5,964,000 AND $7,192,000, RESPECTIVELY. * THE HOSPITAL IS THE COMMUNITY LEADER IN ASSESSING COMMUNITY HEALTHCARE NEEDS AND WORKING TO BRING THE NEEDED SERVICES INTO THE COMMUNITY. THESE EFFORTS INCLUDE THE FOLLOWING: O SUBSCRIPTIONS TO DATABASES PROVIDING DEMOGRAPHICS FOR THE COMMUNITIES SERVED. BASED ON INFORMATION SUCH AS AGE, GENDER, ETC. ANTICIPATED NEEDS BY PHYSICIAN SPECIALTY AND TYPE OF INPATIENT OR OUTPATIENT CARE ARE DETERMINED. O CONTINUOUS PATIENT SATISFACTION SURVEYS ARE CONDUCTED IN ORDER TO GAIN PATIENT FEEDBACK REGARDING THE QUALITY OF CARE RECEIVED AND PERCEPTIONS OF THEIR OVERALL EXPERIENCE AS PATIENTS. O "SECRET SHOPPER" CALLS ARE CONDUCTED WHEREBY HOSPITAL PERSONNEL CALL PHYSICIAN PRACTICES IN THE COMMUNITY IN ORDER TO DETERMINE ACCESSABILITY TO PHYSICIAN CARE IN TERMS OF DAYS WAIT TO BE SEEN FOR ACUTE AND CHRONIC PROBLEMS. O COMMUNITY INPUT IS OBTAINED THROUGH INFORMATION GATHERING SESSIONS HELD WITH HUMAN RESOURCES REPRESENTATIVES OF LOCAL BUSINESS, AS WELL AS REPRESENTATIVES FROM OTHER NOT-FOR-PROFIT AND GOVERNMENTAL AGENCIES OPERATING IN THE COMMUNITY. IN ADDITION TO DISCUSSION OCCURRING AT THE SESSIONS, THOSE WHOSE ATTEND AS WELL AS THOSE WHO ARE UNABLE TO ATTEND ARE ASKED TO RETURN WRITTEN SURVEYS TO THE HOSPITAL. THE SURVEYS INCLUDE QUESTIONS REGARDING THE AVAILABILITY AND QUALITY OF HEALTH CARE SERVICES IN THE COMMUNITY. O ONGOING DIALOGUE WITH MEDICAL STAFF MEMBERS REGARDING THEIR PERCEPTIONS REGARDING QUALITY OF CARE AND AREAS OF NEED FOR THE COMMUNITY. O FORMALIZED TRACKING PROCESSES FOR PATIENT COMMUNICATIONS AND COMPLAINTS. * AS A RESULT OF ITS LEADERSHIP ROLE IN IDENTIFYING COMMUNITY HEALTHCARE NEEDS, THE HOSPITAL IS ALSO THE KEY RESOURCE IN ITS COMMUNITY FOR RECRUITING PHYSICIANS PRACTICING IN AREAS OF MEDICINE IDENTIFIED AS UNDERSERVED IN THE COMMUNITY. A COMPONENT OF THIS RECRUITMENT EFFORT INCLUDES THE EXTENSION OF RELOCATION INCENTIVES TO PHYSICIANS IN THE TARGETED NEED AREAS. THE INCENTIVES EXIST IN THE FORM OF INCOME GUARANTEES THAT ARE PROVIDED IN AN EFFORT TO MAKE PRACTICE START-UP FINANCIALLY PALATABLE FOR RELOCATING PHYSICIANS. AFTER AN INITIAL PERIOD DURING WHICH FUNDS ARE ADVANCED TO PHYSICIANS AS THEY HAVE SHORTFALLS VERSUS A TARGETED INCOME AMOUNT, THE ACCUMULATED ADVANCES ARE CONVERTED TO PROMISSORY NOTES. SHOULD THE PHYSICIAN REMAIN IN PRACTICE IN THE COMMUNITY FOR A CONTRACTUALLY AGREED-UPON NUMBER OF YEARS AFTER THE INITIAL BENEFIT PERIOD, THE NOTE WILL BE FORGIVEN IN FULL. DURING 2017, THE HOSPITAL FORGAVE ADVANCES PLUS ACCRUED INTEREST AMOUNTING TO APPROXIMATELY $110,000 RELATING TO THESE ARRANGEMENTS. * THE HOSPITAL IS THE LEAD AGENCY IN SARATOGA COUNTY FOR ADMINISTERING THE STATE OF NEW YORK'S CANCER SERVICES PROGRAM (CSP). IN THE ROLE OF CSP ADMINISTRATOR FOR THE COUNTY, HOSPITAL PERSONNEL ACTIVELY SEEK OUT LOW-INCOME MEMBERS OF THE COMMUNITY WHO POSSESS CERTAIN RISK FACTORS, SUCH AS AGE OR GENDER, AND FACILITATE CANCER SCREENINGS AND, IF NECESSARY, TREATMENT SERVICES FOR ELIGIBLE INDIVIDUALS. THE SERVICES ARE PROVIDED AT NO COST TO THE INDIVIDUALS. THE STATE REIMBURSES THE HOSPITAL FOR ANY SCREENING OR TREATMENT SERVICES PROVIDED TO THESE PATIENTS BASED ON MEDICAID REIMBURSEMENT RATES. THE STATE REIMBURSES THE HOSPITAL FOR A PORTION OF THE ADMINISTRATIVE COSTS INCURRED BY THE HOSPITAL IN IDENTIFYING ELIGIBLE INDIVIDUALS AND COORDINATING SCREENING AND TREATMENT SERVICES. DURING 2017, UNREIMBURSED COSTS OF ADMINISTERING THE PROGRAM WERE APPROXIMATELY $20,000. * HOSPITAL PERSONNEL TAKE A LEADING ROLE IN DEVELOPMENT AND MAINTENANCE OF A COUNTY-WIDE EMERGENCY PREPAREDNESS AND RESPONSE PLAN, INCLUDING CORRESPONDING WITH LAW ENFORCEMENT, FIRE, EMERGENCY MEDICAL SERVICES AND OTHER RELEVANT AGENCIES TO DEVELOP, TEST AND MAINTAIN A PLAN FOR MANAGING THE PUBLIC HEALTH EFFECTS OF A LARGE-SCALE NATURAL DISASTER OR OTHER SIGNIFICANT COMMUNITY-WIDE CRISIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gordan Kuhar Physician | 38 | $1,090,997 | |
Gary Idelchik Physician | 38 | $956,424 | |
Angelo G Calbone President/ceo | OfficerTrustee | 38 | $826,619 |
Amy Hogan-Moulton Physician | 38 | $646,059 | |
Dmitri Baranov Physician | 38 | $632,134 | |
Rachid Daoui Physician | 38 | $622,854 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aow Associates Inc Construction | 12/30/17 | $2,483,621 |
Laboratory Corp Of America Medical Laboratory Testing | 12/30/17 | $2,379,070 |
Clarus Linen Systems Linen And Laundry Service | 12/30/17 | $717,786 |
Strategic Solutions Medical Billing | 12/30/17 | $2,533,331 |
Saratoga Emergency Physicians Pc Physicians | 12/30/17 | $3,164,571 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $3,317,927 |
Government grants | $431,805 |
All other contributions, gifts, grants, and similar amounts not included above | $208,100 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,957,832 |
Total Program Service Revenue | $318,291,555 |
Investment income | $1,352,594 |
Tax Exempt Bond Proceeds | $16,491 |
Royalties | $0 |
Net Rental Income | $7,770 |
Net Gain/Loss on Asset Sales | $586,135 |
Net Income from Fundraising Events | $10,732 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $514,041 |
Miscellaneous Revenue | $0 |
Total Revenue | $338,787,899 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,267,035 |
Compensation of current officers, directors, key employees. | $3,267,035 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $142,662,834 |
Pension plan accruals and contributions | $4,905,344 |
Other employee benefits | $14,534,051 |
Payroll taxes | $9,727,011 |
Fees for services: Management | $718,200 |
Fees for services: Legal | $377,084 |
Fees for services: Accounting | $117,749 |
Fees for services: Lobbying | $27,840 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $582,950 |
Fees for services: Other | $18,844,761 |
Advertising and promotion | $903,119 |
Office expenses | $12,615,980 |
Information technology | $6,169,751 |
Royalties | $0 |
Occupancy | $7,768,604 |
Travel | $22,137 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $785,269 |
Interest | $40,362 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $15,210,505 |
Insurance | $1,931,385 |
All other expenses | $1,245,153 |
Total functional expenses | $310,011,718 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $38,481,666 |
Savings and temporary cash investments | $32,095,642 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $26,789,513 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,995,835 |
Inventories for sale or use | $6,644,224 |
Prepaid expenses and deferred charges | $6,351,244 |
Net Land, buildings, and equipment | $145,027,029 |
Investments—publicly traded securities | $57,134,262 |
Investments—other securities | $53,951,265 |
Investments—program-related | $15,001 |
Intangible assets | $0 |
Other assets | $11,330,009 |
Total assets | $380,815,690 |
Accounts payable and accrued expenses | $33,217,033 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $65,726,024 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,770,513 |
Unsecured mortgages and notes payable | $2,850,000 |
Other liabilities | $8,787,396 |
Total liabilities | $114,350,966 |
Unrestricted restricted net Assets | $259,148,742 |
Temporarily restricted net Assets | $5,865,612 |
Permanently restricted net Assets or current funds | $1,450,370 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $266,464,724 |
Over the last fiscal year, Albany Medical Center has awarded $125,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Albany, NY PURPOSE: Puerto Rico Hurricane Disaster Relief Fund. | $100,000 |
Saratoga Springs, NY PURPOSE: Economic Development | $25,000 |
Over the last fiscal year, we have identified 2 grants that Albany Medical Center has recieved totaling $4,376,695.
Awarding Organization | Amount |
---|---|
Albany Medical Center Group Organization Albany, NY PURPOSE: SUPPORT SARATOGA HOSPITAL | $4,375,195 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: MEDICAL | $1,500 |
Beg. Balance | $13,113,802 |
Earnings | $2,603,232 |
Net Contributions | $713,392 |
Ending Balance | $16,430,426 |
Organization Name | Assets | Revenue |
---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |