Putnam Hospital Center

Organization Overview

Putnam Hospital Center, operating under the name Putnam Hospital, is located in Carmel, NY. The organization was established in 1962. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Putnam Hospital employed 822 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Hospital 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 09/2023, Putnam Hospital generated $108.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $151.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE THE HEALTH OF EVERY PERSON IN OUR COMMUNITY THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.

Describe the Organization's Program Activity:

PUTNAM HOSPITAL IS A 164-BED, ACUTE CARE HOSPITAL OFFERING INNOVATIVE TECHNOLOGIES, INCLUDING ROBOT-ASSISTED SURGERY. THE HOSPITAL IS COMMITTED TO PROVIDING SAFE, CONVENIENT CARE TO MEET THE PERSONAL HEALTHCARE NEEDS OF THE COMMUNITIES WE SERVE. PUTNAM HOSPITAL IS PART OF NUVANCE HEALTH, WHICH IS A SIX-HOSPITAL SYSTEM, ON 7 CAMPUSES, WITH NUMEROUS OUTPATIENT FACILITIES THROUGHOUT THE HUDSON VALLEY AND ACROSS WESTERN CONNECTICUT. THE NUVANCE HEALTH SYSTEM GIVES THE COMMUNITY ACCESS TO A VARIETY OF SERVICES INCLUDING, BUT NOT LIMITED TO, BARIATRIC SURGERY AND MEDICAL WEIGHT LOSS, BLOOD DRAW, CRITICAL CARE, DIABETES EDUCATION, EMERGENCY SERVICES, HEART AND VASCULAR, IMAGING AND RADIOLOGY, INFUSION THERAPY, NEUROLOGY AND NEUROSURGERY, ORTHOPEDIC CARE, PHYSICAL REHABILITATION, PRIMARY CARE, RHEUMATOLOGY, SLEEP DISORDERS, URGENT CARE, WOMEN'S HEALTH, BEHAVIORAL HEALTH, CANCER CARE, DENTISTRY, DIGESTIVE HEALTH, ENDOCRINOLOGY, GENETIC COUNSELING, HOME HEALTH CARE, INFECTIOUS DISEASE, KIDNEY DISEASE AND NEPHROLOGY, OCCUPATIONAL MEDICINE, PATIENT BLOOD MANAGEMENTS AND BLOODLESS MEDICINE, PEDIATRICS, PODIATRY, PULMONARY CARE, SENIOR CARE AND GERIATRIC MEDICINE, SURGICAL SERVICES, UROLOGY, WOUND CARE AND HYPERBARIC MEDICINE. PUTNAM HOSPITAL OFFERS ADVANCED SURGICAL SERVICES INCLUDING ORTHOPEDICS, SPINE, AND BARIATRIC SURGERY. THE HOSPITAL ALSO OFFERS STROKE CARE, A BLOOD MANAGEMENT PROGRAM, CARDIAC CARE, PSYCHIATRIC CARE INCLUDING A PARTIAL-HOSPITALIZATION PROGRAM, MATERNITY CARE, AND OUTPATIENT PHYSICAL REHABILITATION. PUTNAM HOSPITAL IS COMMITTED TO PROVIDING QUALITY SERVICE TO THE COMMUNITY AND HAS BEEN RECOGNIZED BY SEVERAL ORGANIZATIONS FOR THE QUALITY HEALTHCARE THAT IT PROVIDES TO THE REGION. PUTNAM HOSPITAL HAS BEEN RECOGNIZED AS BEST REGIONAL HOSPITAL FOR EXCELLENCE BY U.S. NEWS & WORLD REPORT FOR THEIR HIGH PERFORMANCE IN COPD TREATMENT AND KIDNEY FAILURE. THE HOSPITAL RECEIVED THE GET WITH THE GUIDELINES STROKE SILVER PLUS AWARD. PUTNAM HOSPITAL HAS RECEIVED SEVERAL ACCREDITATIONS INCLUDING MBSAQIP ACCREDITED BARIATRIC CENTER SINCE 2017, ACCREDITED AS A COMPREHENSIVE COMMUNITY CANCER PROGRAM FROM THE AMERICA COLLEGE OF SURGEONS COMMISSION ON CANCER, BREAST HEALTH PROGRAM ACCREDITATION FROM THE NATIONAL ACCREDITATION PROGRAM FOR BREAST CENTERS, ACCREDITED BREAST CENTER OF EXCELLENCE FROM THE AMERICAN COLLEGE OF RADIOLOGY, AS WELL AS ACCREDITATIONS IN ADULT TRANSTHORACIC ECHOCARDIOGRAPHY, FDA-CERTIFIED/MQSA APPROVED MAMMOGRAPHY FACILITY, MAMMOGRAPHY AND BREAST ULTRASOUND, AND ULTRASOUND-OB, SMALL PARTS, ABDOMEN AND GENERAL STUDIES, CT SCAN, MRI AND NUCLEAR MEDICINE. PUTNAM HOSPITAL WAS DESIGNATED BY THE SURGICAL REVIEW CORPORATION AS A ROBOTIC CENTER OF EXCELLENCE. IN FY23, PUTNAM HOSPITAL HAD 17,080 PATIENT DAYS AND 3,289 DISCHARGES IN ACUTE CARE. THERE WERE 18,920 IN EMERGENCY ROOM VISITS AND 59,563 IN OTHER OUTPATIENT VISITS/PROCEDURES. THE HOSPITAL PROVIDED APPROXIMATELY $3.5M IN CHARITY CARE TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director; Vice Chairman (from 01/01)
$0
Name Not Listed
President Phc
$233,763
Name Not Listed
Chairman
$0
Name Not Listed
Director (from 01/01)
$0
Name Not Listed
Director (to 12/31)
$0
Name Not Listed
Director (from 01/01)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Somers Orthopaedic Surgery And Sports Med
Medical Staff Thopedic On-call
$401,717
North American Partners In Anesthesia Llc
Anesthesia
$213,000
Q Centrix Llc
Abstraction
$128,036
Surgical Intensivists Pc
Medical Staff
$119,454
Caremount Medical P C
Medical Staff
$104,257
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$231,501
Government grants $421,591
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$653,092
Total Program Service Revenue$104,789,824
Investment income $449,013
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,196,163
Net Gain/Loss on Asset Sales $147,985
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $108,757,484

Grants Awarded

Over the last fiscal year, Putnam Hospital Center has awarded $20,580 in support to 2 organizations.

Grant RecipientAmount

AMERICAN HEART ASSOCIATION

PURPOSE: RESEARCH AND DEVELOPMENT OF CARDIAC PROGRAMS

$10,500

WALKWAY OVER THE HUDSON

PURPOSE: SUPPORT OF WALKWAY FOR COMMUNITY

$10,080
View Grant Profile

Peer Organizations

Organization NameAssets
Newyork-Presbyterian-Queens
Flushing, NY
$913,594,490
New York-Presbyterian Brooklyn Methodist
Brooklyn, NY
$932,635,722
Bronxcare Health System
Bronx, NY
$950,080,223
Saint Francis Hospital And Medical Center
Hartford, CT
$931,352,319
Abington Memorial Hospital
Philadelphia, PA
$858,404,541
Bridgeport Hospital
Bridgeport, CT
$838,048,221
Virtu-West Jersey Health System Inc
Marlton, NJ
$1,034,437,707
St Francis Hospital
Roslyn, NY
$969,845,898
Valley Hospital Inc
Ridgewood, NJ
$1,000,529,103
Danbury Hospital
Danbury, CT
$872,375,186
South Shore Hospital Inc
South Weymouth, MA
$782,781,208
United Health Services Hospitals Inc
Binghamton, NY
$826,097,433
Rwj Barnabas Health Inc
Livingston, NJ
$871,885,801
Vassar Brothers Medical Center
Poughkeepsie, NY
$774,380,228
Good Samaritan Hosptial Medical Center
West Islip, NY
$802,832,775
Stamford Hospital
Stamford, CT
$776,060,348
Geisinger Wyoming Valley Medical Center
Danville, PA
$796,994,191
Jamaica Hospital Medical Center
Jamaica, NY
$748,096,129
Tower Health
Reading, PA
$611,657,602
St Peters Hospital
Albany, NY
$713,213,196
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System
Philadelphia, PA
$733,725,377
Kennedy University Hospital Inc
Philadelphia, PA
$722,110,488
White Plains Hospital Medical Center
White Plains, NY
$782,363,978
The Unity Hospital Of Rochester
Rochester, NY
$636,049,483
Mary Imogene Bassett Hospital
Cooperstown, NY
$653,736,548

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