Montefiore Health System Inc

Organization Overview

Montefiore Health System Inc is located in Tarrytown, NY. The organization was established in 2005. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Montefiore Health System Inc employed 934 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore Health System Inc 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 12/2021, Montefiore Health System Inc generated $277.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $337.2m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONTEFIORE HEALTH SYSTEM, INC. SERVES AS THE DIRECT PARENT OR INDIRECT PARENT CORPORATION OPERATING IN FURTHERANCE AND SUPPORT OF MONTEFIORE MEDICAL CENTER, MONTEFIORE NEW ROCHELLE HOSPITAL, MONTEFIORE MOUNT VERNON HOSPITAL, SCHAFFER EXTENDED CARE CENTER, MONTEFIORE NYACK HOSPITAL, WHITE PLAINS HOSPITAL MEDICAL CENTER, THE WINIFRED MASTERSON BURKE REHABILITATION HOSPITAL, ST LUKE'S CORNWALL HEALTH SYSTEM, INC. AS WELL AS THE OTHER NOT-FOR PROFIT AND FOR-PROFIT ENTITIES THAT HAVE BEEN FORMED IN CONNECTION WITH THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, MISSIONS, AND OBJECTIVES OF THE CORPORATION AND THE MONTEFIORE HEALTH SYSTEM. MONTEFIORE HEALTH SYSTEM'S OBJECTIVE IS TO IMPROVE AND ENHANCE THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITIES IT SERVES BY PROVIDING VARIOUS GOVERNANCE AND SUPPORT SERVICES TO THE CONSTITUENT ENTITIES OF THE HEALTH SYSTEM. MONTEFIORE INFORMATION TECHNOLOGY (MIT), THE FORMERLY DISREGARDED ENTITY OF THE ORGANIZATION, BECAME PART OF THE MONTEFIORE HEALTH SYSTEM, INC. 1-1-23. MIT WAS ORGANIZED PRIMARILY TO PROVIDE INFORMATION TECHNOLOGY SUPPORT SERVICES TO THE MEMBER ORGANIZATIONS, WORKING TO DEPLOY NEW TECHNOLOGIES AND DEFINE NEW BUSINESS PRACTICES IN ORDER TO PROVIDE STAKEHOLDERS ACROSS THE INSTITUTION WITH THE RESOURCES NEEDED TO MEET THEIR MOST DIFFICULT CHALLENGES. MONTEFIORE MEDICAL CENTER, THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE AND ONE OF THE ORGANIZATION'S SUPPORTED ENTITY, IS ONE OF HEALTHCARE'S MOST WIRED HOSPITALS, WIDELY RECOGNIZED FOR ITS ABILITY TO ADOPT NEW TECHNOLOGY TO SUPPORT CLINICAL CARE, PATIENT SAFETY AND PRIVACY, INFRASTRUCTURE, BUSINESS AND ADMINISTRATIVE MANAGEMENT AND THE CONTINUUM OF CARE.


MONTEFIORE HMO, LLC ("MHMO"), A NEW YORK LIMITED LIABILITY COMPANY, IS A DISREGARDED ENTITY OF MONTEFIORE HEALTH SYSTEM, INC. AND OPERATES AS A MANAGED LONG TERM CARE PLAN (MLTCP) WITHIN THE NEW YORK STATE COUNTIES OF WESTCHESTER AND THE BRONX. MHMO CONTRACTS WITH THE NEW YORK STATE DEPARTMENT OF HEALTH (NYSDOH) TO PROVIDE MEDICAID HEALTH AND LONG-TERM CARE SERVICES TO CHRONICALLY ILL OR DISABLED INDIVIDUALS WHO REQUIRE MORE THAN 120 DAYS OF CONTINUOUS CARE. MONTEFIORE HMO PROVIDES AND COORDINATES SERVICES DESIGNED TO KEEP MEMBERS LIVING IN THEIR OWN HOMES. THE PLAN ARRANGES FOR AND PAYS CERTAIN HEALTH AND SOCIAL SERVICES, INCLUDING CARE MANAGEMENT, HOME HEALTHCARE, CONSUMER-DIRECTED PERSONAL CARE, NURSING SERVICES, REHABILITATION, DENTAL AND OTHER PERSONAL SERVICES. IN 2022, MONTEFIORE HMO MANAGED 16,893 MEMBER MONTHS OF CONTRACTED LONG TERM CARE.


MONTEFIORE SS HOLDINGS, LLC, MONTEFIORE MV HOLDINGS, LLC AND MONTEFIORE HA HOLDINGS, LLC, DISREGARDED ENTITIES OF MONTEFIORE HEALTH SYSTEM, INC., ARE THE HOLDING COMPANIES ESTABLISHED IN 2013 TO OWN THE LAND AND BUILDINGS LEASED TO MONTEFIORE NEW ROCHELLE HOSPITAL, MONTEFIORE MOUNT VERNON HOSPITAL AND THE SCHAFFER EXTENDED CARE CENTER, RESPECTIVELY. THESE 501(C)(3) ORGANIZATIONS ARE SUPPORTED ENTITIES OF MONTEFIORE HEALTH SYSTEM, INC. AND ARE COMPRISED OF TWO HOSPITALS AND A NURSING HOME.


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Board, Officers & Key Employees

Name (title)Compensation
Philip O Ozuah MD PHD
President & CEO
$0
Colleen Blye
Exec VP & CFO
$0
Susan Green-Lorenzen RN
System Senior Vp-Operations
$2,528,339
Andrew Racine MD PHD
SVP & Chief Medical Officer
$2,191,069
Christopher Panczner
Assistant Secretary
$0
Stephen Rosenthal
Svp-Net Population Health Mgmt
$1,339,240

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Epic Systems Corporation
It Consulting
$7,370,128
Infor Us Inc
System Conversion
$7,425,130
Community Health Aids Services Inc
Home Health Services
$2,574,088
Ernst Young
Auditing/consulting
$2,534,656
Chinese-american Planning Council
Social Services
$2,457,162
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$275,140,318
Investment income $2,526,819
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $277,667,137

Grants Awarded

Over the last fiscal year, Montefiore Health System Inc has awarded $357,500 in support to 2 organizations.

Grant RecipientAmount

MOSHOLU MONTEFIORE COMMUNITY CENTER

PURPOSE: Donation

$7,500

GREATER NEW YORK HOSPITAL FOUNDATION INC

PURPOSE: donation

$350,000
View Grant Profile

Peer Organizations

Organization NameAssets
Penn State Health
Hershey, PA
$528,411,422
Baystate Medical Practices Inc
Springfield, MA
$429,126,283
Mgb Pooled Holdings Llc
Somerville, MA
$272,820,546
Beth Israel Lahey Health Inc Hcsr
Cambridge, MA
$404,568,252
Montefiore Health System Inc
Tarrytown, NY
$277,667,137
Chs Services Inc
Rockville Centre, NY
$334,291,809
Clny Alliance Inc
Westbury, NY
$104,717,569
Metropolitan Jewish Health System Inc
New York, NY
$68,121,117
Integrace Inc
Fort Washington, PA
$65,268,314
Capital Area Health Consortium Inc
Farmington, CT
$63,751,692
Bhs Management Services Inc
Pittsfield, MA
$61,859,341
Royal Charter Properties Inc
New York, NY
$45,685,024
Network Recovery Services Inc
New York, NY
$45,157,648
Hunterdon Specialty Care Pc
Flemington, NJ
$24,301,402
Msmc Residential Realty Llc
New York, NY
$29,054,000
Hackensack Meridian Health Medical Group-Complex Care Pc
Edison, NJ
$31,694,024
Bhcare Inc
North Haven, CT
$30,617,395
Riverspring Services Corp
Riverdale, NY
$24,332,721
Jewish Healthcare Foundation Of Pittsburgh
Pittsburgh, PA
$42,161,105
North Shore-Lij Alliance Inc
Westbury, NY
$19,760,829
Nyu Langone Health System
New York, NY
$15,094,295
Organon Patient Assistance Program Inc
Jersey City, NJ
$14,491,914
St Josephs Health Center Properties Inc
Syracuse, NY
$10,000,212
Keystonecare
Wyndmoor, PA
$9,491,492
Saint Barnabas Realty Development Corporation
Oceanport, NJ
$5,182,291

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