Hartford Healthcare Medical Group Inc
- Assets
- $153.6m
- Revenue
- $203.4m
- Investments
- $0.0
- Employees
- 3,609
- Location
- Wethersfield, CT
- Founding
- 10/2013
- Data as of
- 09/2020
- EIN
- 45-4456939
Organization Overview
Hartford Healthcare Medical Group Inc is located in Wethersfield, CT. The organization was established in 2013. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Hartford Healthcare Medical Group Inc employed 3,609 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Healthcare Medical Group 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 09/2020, Hartford Healthcare Medical Group Inc generated $203.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $203.3m during the year ending 09/2020. While expenses have increased by 0.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HARTFORD HEALTHCARE MEDICAL GROUP 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 PRIMARY CARE PROGRAM UNDER HARTFORD HEALTHCARE MEDICAL GROUP HAS 164 PHYSICIANS AND 152 ADVANCED PRACTITIONERS WHO PROVIDE PRIMARY CARE ACROSS THE STATE OF CONNECTICUT. PHYSICIANS HAVE PRIVILEGES AT HARTFORD HOSPITAL, HOSPITAL OF CENTRAL CONNECTICUT, MIDSTATE MEDICAL CENTER, WINDHAM COMMUNITY MEMORIAL HOSPITAL, BACKUS HOSPITAL, CHARLOTTE HUNGERFORD HOSPITAL AND ST. VINCENT'S MEDICAL CENTER. THE PRACTICES SAW 737,062 PATIENT VISITS IN 2021. OUR PROVIDERS ARE CREDENTIALED IN BOTH INTERNAL AND FAMILY MEDICINE, WITH A COMMITMENT TO PROVIDING SICK VISITS WITHIN 24 HOURS. WITHIN OUR HARTFORD HEALTHCARE MEDICAL GROUP PRIMARY CARE PRACTICES, OUR LARGEST PRACTICES FROM A FINANCIAL STANDPOINT ARE OUR PRIMARY CARE PRACTICES IN WEST HARTFORD, AVON AND SOUTH WINDSOR WHICH ARE LOCATED IN VARIOUS REGIONS ACROSS CONNECTICUT.
HARTFORD HEALTHCARE MEDICAL GROUP (HHCMG) IS A MULTI-SPECIALTY GROUP ENCOMPASSING PROVIDERS LOCATED THROUGHOUT THE STATE OF CONNECTICUT. IN ADDITION TO CLINICAL PRACTICE, OUR DOCTORS ARE TEACHERS AND RESEARCHERS, ALWAYS LOOKING FOR WAYS TO IMPROVE THE QUALITY OF CARE AND BRING INNOVATIONS TO THEIR PATIENTS.HARTFORD HEALTHCARE MEDICAL GROUP HAS MORE THAN 300 PRIMARY CARE PROVIDERS LOCATED THROUGHOUT THE STATE OF CONNECTICUT. HHCMG OFFERS PRIMARY CARE, URGENT CARE AND WALK-IN SERVICES. WE ARE A MEMBER OF HARTFORD HEALTHCARE AND ARE AFFILIATED WITH SOME OF THE REGION'S TOP HOSPITALS INCLUDING HARTFORD HOSPITAL, THE HOSPITAL OF CENTRAL CONNECTICUT, MIDSTATE MEDICAL CENTER, WINDHAM HOSPITAL, BACKUS HOSPITAL, CHARLOTTE HUNGERFORD HOSPITAL AND ST. VINCENT'S MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sabet Hashim MD Physician | 60 | $1,539,188 | |
Brendan Killory MD Neurosurgeon | 60 | $1,335,220 | |
Daniel Fusco MD Cardiothoracic Surgeon | 60 | $1,219,757 | |
Robert Hagberg MD Chair Dept Cardiac Surgery | 60 | $1,111,009 | |
Rafael Squitieri MD Chief Card Thoracic | 60 | $1,106,067 | |
Mark Prete Vice Chair & President | OfficerTrustee | 30 | $665,823 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Physician Alliance Of Connecticut Llc Medical Services | 9/29/21 | $5,867,031 |
Fip Construction Inc Construction Services | 9/29/21 | $1,514,705 |
Propicius Biosolutions Llc Staffing Services | 9/29/21 | $1,204,183 |
J Morrissey & Company Inc Staffing Services | 9/29/21 | $994,268 |
Cdw Llc Information Technology Services | 9/29/21 | $926,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,219 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $554,798 |
| Net Gain/Loss on Asset Sales | -$47,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,353,516 |
| Statement of Expenses | |
|---|---|
| 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. | $1,312,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,732,577 |
| Pension plan accruals and contributions | $5,964,862 |
| Other employee benefits | $5,677,931 |
| Payroll taxes | $5,138,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,864 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,592,562 |
| Advertising and promotion | $20,147 |
| Office expenses | $4,440,354 |
| Information technology | $2,505,932 |
| Royalties | $0 |
| Occupancy | $25,717,944 |
| Travel | $829,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370,096 |
| Interest | $0 |
| Payments to affiliates | $26,937,838 |
| Depreciation, depletion, and amortization | $2,565,095 |
| Insurance | $1,960,918 |
| All other expenses | $0 |
| Total functional expenses | $203,338,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,164,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,644,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,705,933 |
| Prepaid expenses and deferred charges | $3,226,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,457,246 |
| Total assets | $153,642,839 |
| Accounts payable and accrued expenses | $14,580,624 |
| 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 | $101,318,121 |
| Total liabilities | $115,898,745 |
| 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 |
| Total liabilities and net assets/fund balances | $37,744,094 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hartford Healthcare Medical Group Inc has recieved totaling $20,117.
| Awarding Organization | Amount |
|---|---|
Hometown Foundation Inc Cheshire, CT PURPOSE: To assist in the chartiable purpose of the organization. | $20,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |