Hartford Healthcare Medical Group Inc
- Assets
- $129.2m
- Revenue
- $199.1m
- Investments
- $0.0
- Employees
- 5,096
- Location
- Wethersfield, CT
- Founding
- 10/2013
- Data as of
- 09/2023
- 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 09/2023, Hartford Healthcare Medical Group Inc employed 5,096 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 09/2023, Hartford Healthcare Medical Group Inc generated $199.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $199.1m during the year ending 09/2023. While expenses have increased by 0.4% 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.
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 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
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 400 PRIMARY CARE PROVIDERS LOCATED THROUGHOUT THE STATE OF CONNECTICUT. HHCMG OFFERS PRIMARY CARE, URGENT CARE AND WALK-IN SERVICES, VIRTUAL VISITS AND OCCUPATIONAL MEDICINE. 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 |
|---|---|---|---|
Michael Daglio Director | Trustee | 1 | $0 |
Jeffrey Cohen MD Chair | OfficerTrustee | 2 | $0 |
Mark Prete Vice Chair & President | OfficerTrustee | 30 | $0 |
Cynthia Heller Director | Trustee | 1 | $526,342 |
Padmanabhan Premkumar MD Vice Chair & President | OfficerTrustee | 1 | $0 |
David Baranik Vp, Finance | Officer | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Workforce Logistics Llc Staffing Services | 9/29/23 | $5,411,992 |
Kpmg Llp Consulting Service | 9/29/23 | $1,929,593 |
J Morrissey & Company Inc Staffing Services | 9/29/23 | $654,199 |
Allegis Group Holdings Inc Staffing Services | 9/29/23 | $611,335 |
Origin Incorporated Staffing Services | 9/29/23 | $1,203,430 |
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 | $198,522,053 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $610,595 |
| Net Gain/Loss on Asset Sales | -$20,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,111,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,715,926 |
| Compensation of current officers, directors, key employees. | $526,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,664,092 |
| Pension plan accruals and contributions | $5,183,971 |
| Other employee benefits | $5,825,056 |
| Payroll taxes | $8,138,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,704 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $64,765 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,205,335 |
| Advertising and promotion | $3,179 |
| Office expenses | $0 |
| Information technology | $12,147,118 |
| Royalties | $0 |
| Occupancy | $11,158,774 |
| Travel | $257,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $205,728 |
| Interest | $12,710 |
| Payments to affiliates | $21,570,851 |
| Depreciation, depletion, and amortization | $2,740,713 |
| Insurance | $647,897 |
| All other expenses | $0 |
| Total functional expenses | $199,101,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,951,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,899,509 |
| Prepaid expenses and deferred charges | $478,266 |
| Net Land, buildings, and equipment | $12,360,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,525,878 |
| Total assets | $129,217,515 |
| Accounts payable and accrued expenses | $24,221,057 |
| Grants payable | $0 |
| Deferred revenue | $53,955 |
| 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 | $85,542,461 |
| Total liabilities | $109,817,473 |
| Net assets without donor restrictions | $19,397,742 |
| Net assets with donor restrictions | $2,300 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $129,217,515 |