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 12/2022, Reid Hospital & Health Care Services Inc employed 3,116 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 12/2022, Reid Hospital & Health Care Services Inc generated $575.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $510.0m during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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 187 individual grants totaling $2,402,657. 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

2022

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 & 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 & HEALTH CARE SERVICES, INC. PROVIDES QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. DURING 2022, REID HOSPITAL & HEALTH CARE SERVICES, INC. ADMITTED APPROXIMATELY 13,209 PATIENTS FOR IN-PATIENT SERVICES REPRESENTING 58,344 PATIENT DAYS; 681 BIRTHS REPRESENTING 1,417 NEWBORN PATIENT DAYS AND PERFORMED APPROXIMATELY 1,659 IN-PATIENT SURGERIES. IN ADDITION, REID HOSPITAL & HEALTH CARE SERVICES, INC. RECEIVED 319,144 OUT-PATIENT ENCOUNTERS FOR NON-EMERGENCY DIAGNOSTIC AND TREATMENT SERVICES INCLUDING 9,867 AMBULATORY SURGERIES AND 19,081 HOME HEALTH ENCOUNTERS. REID HOSPITAL & HEALTH CARE SERVICES, INC. OFFERS EMERGENCY SERVICES 24 HOURS PER DAY, 365 DAYS EACH YEAR. IN 2022, 53,437 PATIENTS WERE TREATED THROUGH EMERGENCY SERVICES. IN KEEPING WITH REID HOSPITAL & HEALTH CARE SERVICES, INC.'S COMMITMENT TO SERVE ALL MEMBERS OF OUR MULTI-COUNTY SERVICE AREA, REID HOSPITAL & 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 & HEALTH CARE SERVICES, INC. HAS ESTABLISHED A FINANCIAL ASSISTANCE POLICY FOR THE POOR WHO DO NOT HAVE THE MEANS TO PAY FOR SERVICES. FOR 2022, FINANCIAL ASSISTANCE FOR THE POOR WAS $5.4 MILLION. TO ENSURE MEMBERS OF OUR SERVICE COMMUNITY HAVE ADEQUATE ACCESS AND RESOURCES AVAILABLE TO MEET THEIR HEALTHCARE NEEDS, REID HOSPITAL & 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 $860,402 FOR 2022. IN ADDITION, REID HOSPITAL & 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
$1,093,839
John Mcginty MD
Board Member
$0
Roy Teng DO
Board Member
$0
David Desantis
Physician
$267,942
Randall Kirk
Vice President-President Fdn
$470,160
Thomas Huth MD
Vice President-Medical Affairs
$457,406

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Amerisourcebergen Drug Corp
Pharmacy Supplier
$40,309,539
Concordance Healthcare Solutions Ll
Medical Supplier
$7,668,407
Shook Construction Company
Construction
$14,160,306
Siemens Medical Solutions Usa
Medical Technology
$8,819,119
Siemens Public Inc
Medical Technology
$8,799,926
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,302,309
Government grants $1,831,134
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $25,970
Total Revenue from Contributions, Gifts, Grants & Similar$3,133,443
Total Program Service Revenue$513,437,447
Investment income $34,223,627
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,949,492
Net Gain/Loss on Asset Sales -$1,790,299
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $575,358,834

Grants Awarded

Over the last fiscal year, Reid Hospital & Health Care Services Inc has awarded $185,960 in support to 22 organizations.

Grant RecipientAmount

A BETTER WAY

PURPOSE: Expand Crisis Hotline

$6,000

AMIGOS

PURPOSE: Amigo's tennis camps

$6,125

BIRTH TO FIVE

PURPOSE: Healthy Families program

$10,000

BIRTH TO FIVE

PURPOSE: Parents As Teachers program

$8,250

BOYS & GIRLS CLUBS OF WAYNE COUNTY

PURPOSE: Prevention Plus programming

$10,000

BOYS & GIRLS CLUBS OF WAYNE COUNTY

PURPOSE: Club Fit program

$9,000
View Grant Profile

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Southern Illinois Hospital Services
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St Vincent Hospital-Hospital Sisters-Third Order Of St Francis
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$660,136,111
Aspirus Wausau Hospital Inc
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$702,469,178
Mercy Health System Corporation
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$657,550,084
Ashland Hospital Corporation
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$734,768,924
Memorial Hospital Of South Bend
South Bend, IN
$696,580,941
St Marys Health Inc Dba Ascension
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Mercy Hospital South
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Union Hospital Inc
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$646,963,271
St John Medical Center Inc
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