Reid Hospital & Health Care Services Inc

Organization Overview

Reid Hospital & Health Care Services Inc is located in Richmond, IN. The organization was established in 1970. 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 12/2021, Reid Hospital & Health Care Services Inc employed 3,952 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Hospital & Health Care Services 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, Reid Hospital & Health Care Services Inc generated $692.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $514.5m during the year ending 12/2021. While expenses have increased by 6.8% 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.

Since 2014, Reid Hospital & Health Care Services Inc has awarded 165 individual grants totaling $2,216,697. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION: TO LEAD OUR COMMUNITIES TO WELL-BEING, ONE PERSON AT A TIME.

Describe the Organization's Program Activity:

THE MISSION OF REID HOSPITAL AND HEALTH CARE SERVICES, INC. IS TO SERVE THE PEOPLE OF A MULTI-COUNTY SERVICE AREA IN REFERENCE TO THEIR CURRENT AND FUTURE NEEDS FOR HEALTH CARE SERVICES. IN FURTHERANCE OF THIS MISSION, REID HOSPITAL AND HEALTH CARE SERVICES, INC. PROVIDES QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. DURING 2021, REID HOSPITAL AND HEALTH CARE SERVICES, INC. ADMITTED APPROXIMATELY 14,338 PATIENTS FOR IN-PATIENT SERVICES REPRESENTING 66,635 PATIENT DAYS; 703 BIRTHS REPRESENTING 1,445 NEWBORN PATIENT DAYS AND PERFORMED APPROXIMATELY 1,543 IN-PATIENT SURGERIES. IN ADDITION, REID HOSPITAL AND HEALTH CARE SERVICES, INC. RECEIVED 317,304 OUT-PATIENT ENCOUNTERS FOR NON-EMERGENCY DIAGNOSTIC AND TREATMENT SERVICES INCLUDING 9,534 AMBULATORY SURGERIES AND 15,490 HOME HEALTH ENCOUNTERS. REID HOSPITAL AND HEALTH CARE SERVICES, INC. OFFERS EMERGENCY SERVICES 24 HOURS PER DAY, 365 DAYS EACH YEAR. IN 2021, 52,505 PATIENTS WERE TREATED THROUGH EMERGENCY SERVICES. IN KEEPING WITH REID HOSPITAL AND HEALTH CARE SERVICES, INC.'S COMMITMENT TO SERVE ALL MEMBERS OF OUR MULTI-COUNTY SERVICE AREA, REID HOSPITAL AND HEALTH CARE SERVICES, INC. PROVIDES HEALTHCARE TO THE ELDERLY AND DISABLED COVERED UNDER MEDICARE AND MEDICAID PROGRAMS AT OR BELOW COST. IN ADDITION, REID HOSPITAL AND HEALTH CARE SERVICES, INC. HAS ESTABLISHED A FINANCIAL ASSISTANCE POLICY FOR THE POOR WHO DO NOT HAVE THE MEANS TO PAY FOR SERVICES. FOR 2021, THE TOTAL VALUE OF UNCOMPENSATED CARE AT COST FOR THE ELDERLY AND DISABLED WAS $3.9 MILLION AND FINANCIAL ASSISTANCE FOR THE POOR WAS $5.2 MILLION. TO ENSURE MEMBERS OF OUR SERVICE COMMUNITY HAVE ADEQUATE ACCESS AND RESOURCES AVAILABLE TO MEET THEIR HEALTHCARE NEEDS, REID HOSPITAL AND HEALTH CARE SERVICES, INC. HAS UNDERTAKEN A DELIBERATE PHYSICIAN RECRUITMENT PROGRAM CONSISTENT WITH IRS GUIDANCE. THIS PROGRAM PROVIDES ASSURANCE THAT OUR SERVICE COMMUNITY HAS ADEQUATE AND QUALIFIED PHYSICIAN RESOURCES COVERING VARIETY OF SPECIALTY AREAS. THE COST OF FUNDING THIS RECRUITMENT EFFORT WAS $988,624 FOR 2021. IN ADDITION, REID HOSPITAL AND HEALTHCARE SERVICES, INC. IS COMMITTED TO INITIATING, PARTICIPATING IN, OR COOPERATIVELY SUPPORTING COMMUNITY EFFORTS THAT ENHANCE THE GENERAL HEALTH STATUS, WELL-BEING AND TOTAL QUALITY OF LIFE IN OUR SERVICE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Craig Kinyon
President/ceo
$1,053,535
Thomas Huth MD
Vice President-Medical Affairs
$427,089
Christopher Knight
Vice President-Cfo
$407,859
Misti Foust-Cofield
Vice President-Cno
$343,360
Jennifer Ehlers
Vice President-Cqo
$342,288
Billie Kester
Vp-Continuum Of Care
$342,145

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Shook Construction Company
Construction
$7,235,679
Amerisourcebergen Drug Corp
Pharmacy Supplier
$40,700,274
Siemens Public Inc
Medical Technology
$5,742,477
Concordance Healthcare Solutions Ll
Medical Supplier
$7,575,448
Siemens Medical Solutions Usa
Medical Technology
$6,014,321
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,173,752
Government grants $26,119,310
All other contributions, gifts, grants, and similar amounts not included above$50,000
Noncash contributions included in lines 1a–1f $2,173,752
Total Revenue from Contributions, Gifts, Grants & Similar$28,343,062
Total Program Service Revenue$541,550,608
Investment income $109,212,273
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,239,489
Net Gain/Loss on Asset Sales -$2,716,898
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $692,459,515

Grants Awarded

Over the last fiscal year, Reid Hospital & Health Care Services Inc has awarded $214,571 in support to 22 organizations.

Grant RecipientAmount

RICHMOND PARKS AND RECREATION

PURPOSE: Aqua Climb

$15,000

Richmond, IN

PURPOSE: Parents As Teachers program

$15,000

THE SHEPHERD'S WAY

Org PageRecipient Profile

Richmond, IN

PURPOSE: Wellness Action Recovery Plan

$12,480

WAYNE COUNTY CARDINAL GREENWAY

Org PageRecipient Profile

Muncie, IN

PURPOSE: bike loaner program

$11,534

BOYS & GIRLS CLUB OF WAYNE COUNTY

Org PageRecipient Profile

Richmond, IN

PURPOSE: Prevention Plus programming

$11,250

Richmond, IN

PURPOSE: Healthy Families program.

$11,250
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Reid Hospital & Health Care Services Inc has recieved totaling $11,200.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: BIOTERRORISM

|

$11,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$165,793
Ending Balance$165,793

Peer Organizations

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