Hartford Healthcare Medical Group Specialists Pllc
- Assets
- $145.0m
- Revenue
- $637.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wethersfield, CT
- Founding
- Data as of
- 09/2023
- EIN
- 37-1911194
Organization Overview
Hartford Healthcare Medical Group Specialists Pllc is located in Wethersfield, CT. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Healthcare Medical Group Specialists Pllc 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, Hartford Healthcare Medical Group Specialists Pllc generated $637.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $637.1m during the year ending 09/2023. While expenses have increased by 53.2% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HARTFORD HEALTHCARE MEDICAL GROUP SPECIALISTS, PLLC IS TO PUT THE PATIENTS FIRST, PROVIDE COORDINATED QUALITY CARE AND VALUE, EXCEED THE EXPECTATIONS OF PATIENTS, PROVIDERS, STAFF AND THE COMMUNITY THAT IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARDIOLOGY PRACTICES HAVE 56 PHYSICIANS AND 30 ADVANCED PRACTITIONER FULL-TIME EQUIVALENTS WHO PROVIDE CARE AT HARTFORD HOSPITAL, HOSPITAL OF CENTRAL CONNECTICUT, MIDSTATE MEDICAL CENTER, WINDHAM COMMUNITY MEMORIAL HOSPITAL, BACKUS HOSPITAL, CHARLOTTE HUNGERFORD HOSPITAL AND ST. VINCENT'S HOSPITAL. THE GROUP SAW 149,174 PATIENT VISITS IN FISCAL YEAR 2023.HARTFORD HEALTHCARE MEDICAL GROUP'S CARDIOLOGY AND THORACIC SPECIALISTS ARE DEDICATED TO PROVIDING EXCEPTIONAL PATIENT CARE IN THE PREVENTION, DIAGNOSIS, AND TREATMENT AND LONG-TERM MANAGEMENT OF HEART DISEASE AND OTHER CARDIOVASCULAR CONDITIONS. OUR SPECIALISTS PROVIDE A WIDE RANGE OF ADVANCED AND LESS-INVASIVE PROCEDURES.
THE UROLOGICAL SURGERY PRACTICES HAVE 30 PHYSICIANS AND 15 ADVANCED PRACTITIONER FULL-TIME EQUIVALENTS WHO PROVIDE CARE AT HARTFORD HOSPITAL, MIDSTATE MEDICAL CENTER, THE HOSPITAL OF CENTRAL CONNECTICUT, BACKUS HOSPITAL AND LOCATIONS THROUGHOUT THE STATE OF CONNECTICUT. THE GROUP IS ACTIVE IN TEACHING MEDICAL STUDENTS AND RESIDENTS THROUGH UCONN AND HARTFORD HOSPITAL. THE GROUP SAW 125,467 PATIENT VISITS IN FISCAL YEAR 2023.THE DIVISION OF UROLOGY AT HARTFORD HEALTHCARE MEDICAL GROUP IS ONE OF THE LARGEST PROVIDERS IN NEW ENGLAND OF COMPREHENSIVE RESOURCES TO DIAGNOSE AND TREAT DISORDERS OF THE MALE AND FEMALE URINARY SYSTEMS AND MALE REPRODUCTIVE ORGANS. OUR PROVIDERS HAVE EXPERTISE IN A WIDE RANGE OF AREAS THAT ARE INVOLVED IN THE DIAGNOSIS AND TREATMENT, INCLUDING BLADDER DISEASE, INCONTINENCE AND VOIDING DYSFUNCTION, PROSTATE CANCER DIAGNOSIS, TREATMENT AND AFTER-CARE, POST-PROSTATECTOMY, FEMALE UROLOGY AND PEDIATRIC UROLOGY. MINIMALLY INVASIVE SURGICAL OPTIONS ARE AVAILABLE, INCLUDING ROBOTIC SURGERY.
THE NEUROSURGERY PRACTICES HAVE 19 PHYSICIANS AND 17 ADVANCED PRACTITIONER FULL-TIME EQUIVALENTS WHO PROVIDE CARE AT HARTFORD HOSPITAL, HOSPITAL OF CENTRAL CONNECTICUT, MIDSTATE MEDICAL CENTER, BACKUS HOSPITAL AND ST. VINCENT'S MEDICAL CENTER. THE GROUP SAW 37,283 PATIENT VISITS IN FISCAL YEAR 2023 AND WORKS IN PARTNERSHIP WITH THE SPINE CENTER AT HARTFORD HOSPITAL. OUR PROVIDERS HAVE EXPERTISE IN THE AREAS OF ANEURYSM SURGERY, ARTERIOVENOUS MALFORMATION (AVM), BRAIN CANCER, BRAIN TUMORS, COMPLEX SPINE SURGERY, EPILEPSY SURGERY, MENINGIOMA SURGERY, SPINE CANCER, SURGERY OF THE SKULL BASE AND VASCULAR NEUROSURGERY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Daglio Director | Trustee | 1 | $0 |
Jeffrey Cohen MD Chair | OfficerTrustee | 2 | $0 |
Mark Prete Vice Chair & President (thru 1/23) | OfficerTrustee | 30 | $0 |
Cynthia Heller MD Director | Trustee | 1 | $0 |
David Baranik Vp, Finance | Officer | 7 | $0 |
Padmanabhan Premkumar Vice Chair & President | Officer | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Physicians Alliance Of Connecticut Llc Medical Services | 9/29/23 | $27,043,073 |
Cardiology Associates Of Fairfield Count Medical Services | 9/29/23 | $12,180,489 |
Healthcare Workforce Logistics Llc Staffing Services | 9/29/23 | $1,859,283 |
Connecticut Gi Pc Medical Services | 9/29/23 | $1,510,600 |
Propicius Biosolutions Llc Staffing Services | 9/29/23 | $1,264,997 |
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 | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $636,534,704 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,084,021 |
| Net Gain/Loss on Asset Sales | -$489,354 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,132,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,563 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,060 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $5,001 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,168,971 |
| Advertising and promotion | $518 |
| Office expenses | $4,397,132 |
| Information technology | $21,104 |
| Royalties | $0 |
| Occupancy | $35,146,945 |
| Travel | $783,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $795,200 |
| Interest | $79,607 |
| Payments to affiliates | $38,803,376 |
| Depreciation, depletion, and amortization | $10,405,227 |
| Insurance | $11,910,561 |
| All other expenses | $1,624,584 |
| Total functional expenses | $637,097,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,535 |
| Savings and temporary cash investments | $3,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,509,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,031,054 |
| Prepaid expenses and deferred charges | $4,214,672 |
| Net Land, buildings, and equipment | $42,663,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,595,000 |
| Total assets | $145,022,109 |
| Accounts payable and accrued expenses | $52,482,691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,797,661 |
| Total liabilities | $100,280,352 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $44,741,757 |
| Total liabilities and net assets/fund balances | $145,022,109 |