Bayhealth Medical Center Inc
- Assets
- $1.6b
- Revenue
- $960.4m
- Investments
- $32.5m
- Employees
- 5,060
- Location
- Dover, DE
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 51-0064318
Organization Overview
Bayhealth Medical Center Inc is located in Dover, DE. The organization was established in 1943. 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 06/2023, Bayhealth Medical Center Inc employed 5,060 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayhealth Medical Center 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 06/2022, Bayhealth Medical Center Inc generated $960.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $867.9m during the year ending 06/2022. While expenses have increased by 7.1% 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 2015, Bayhealth Medical Center Inc has awarded 76 individual grants totaling $1,773,935. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE HEALTH OF OUR COMMUNITY, ONE LIFE AT A TIME.
Describe the Organization's Program Activity:
SEE SCHEDULE OBAYHEALTH MEDICAL CENTER, INC. PROVIDES A FULL RANGE OF PATIENT CARE, EMERGENCY SERVICES, AND WELLNESS SERVICES. BAYHEALTH MEDICAL CENTER IS COMPRISED OF A TOTAL OF 418 BEDS IN TWO ACUTE-CARE HOSPITALS, KENT GENERAL HOSPITAL IN DOVER (266 BEDS) AND MILFORD MEMORIAL HOSPITAL (152 BEDS). BAYHEALTH ALSO HAS OUTPATIENT SITES THROUGHOUT THE SERVICE AREA. BOTH HOSPITALS HAVE LEVEL III TRAUMA CENTERS. THEY PROVIDE A FULL RANGE OF SURGICAL AND MEDICAL CARE: RADIATION/ MEDICAL ONCOLOGY/ CHEMOTHERAPY; INFUSION THERAPY; CARDIOVASCULAR SERVICES; ENDOVASCULAR SURGERY; ELECTROPHYSIOLOGY; AMBULATORY SURGERY; WOUND CARE; PERINATOLOGY SERVICES. KENT CAMPUS HAS A LEVEL II NICU.DURING THE TWELVE MONTHS ENDING JUNE 30, 2022, BAYHEALTH KENT CAMPUS RECORDED 66,091 EMERGENCY ROOM VISITS, 12,084 PATIENTS ADMITTED TO BEDS, 1,694 BIRTHS, 335,968 OUTPATIENT VISITS. BAYHEALTH SUSSEX CAMPUS RECORDED 32,218 EMERGENCY ROOM VISITS, 6,002 PATIENT ADMISSION, 702 BIRTHS. BAYHEALTH MEDICAL CENTER INC. PROVIDED $85.3 MILLION IN UNREIMBURSED CARE TO PATIENTS.BAYHEALTH HAS AFFILIATIONS WITH THE UNIVERSITY OF PENNSYLVANIA'S PENN HEALTH IN CARDIOLOGY, ONCOLOGY, AND ORTHOPAEDICS. IT PROVIDES PHYSICIAN AND MEDICAL CLINICAL ROTATIONS, HOUSING, AND MEALS FOR INTERNS AND RESIDENTS FROM SURROUNDING STATES. IN FY 2022, BAYHEALTH HOSTED STUDENTS FROM VOCATIONAL SCHOOLS, COMMUNITY COLLEGES, AND UNIVERSITIES FOR CLINICAL ROTATIONS IN NURSING AND OTHER HEALTH PROFESSIONS.BECAUSE THE SERVICE AREA IS DEEMED TO BE MEDICALLY UNDERSERVED, WITH A SHORTAGE OF HEALTH PROFESSIONALS, BAYHEALTH ACTIVELY RECRUITS PHYSICIANS TO THE AREA. IN ADDITION, IT OWNS AND OPERATES 40 PHYSICIAN PRACTICES IN CENTRAL AND SOUTHERN DELAWARE.BAYHEALTH HAS AN ACTIVE EDUCATION PROGRAM, INCLUDING HEALTH-RELATED CLASSES, SUPPORT GROUPS, FREE PUBLIC SCREENINGS, FREE SPEAKERS FOR COMMUNITY GROUPS, AND REPRESENTATION AT COMMUNITY EVENTS.BAYHEALTH MEDICAL CENTER, INC. PROVIDES CARE TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY FOR THE SERVICES RENDERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry M Murphy Chair & CEO | OfficerTrustee | 38 | $1,441,704 |
Michael J Tretina Treasurer & CFO | OfficerTrustee | 38 | $711,479 |
Deborah Watson Vice Chair COO | OfficerTrustee | 40 | $688,304 |
Michael Ashton Admin/vp Of Ops | Trustee | 40 | $323,836 |
Sharon Urban Interim Vc COO | OfficerTrustee | 40 | $194,264 |
Gary Siegelman MD SVP & Cmo | OfficerTrustee | 40 | $853,260 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bay Anesthesia Group Llc Anesthesiologists | 6/29/22 | $3,974,102 |
Kindred Rehab Group Manag Rehabilitation Hospital | 6/29/22 | $3,011,381 |
Rpi Consultants External It Consulting | 6/29/22 | $2,185,689 |
Ahp Development Llc Property Management | 6/29/22 | $1,818,242 |
Stevens & Lee External Legal Consult | 6/29/22 | $1,483,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $215,544 |
| Government grants | $21,907,657 |
| 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 | $22,123,201 |
| Total Program Service Revenue | $878,224,968 |
| Investment income | $28,426,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,378,964 |
| Net Gain/Loss on Asset Sales | $21,961,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $960,380,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $328,589 |
| 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. | $12,130,643 |
| Compensation of current officers, directors, key employees. | $12,130,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,852,830 |
| Pension plan accruals and contributions | $17,425,545 |
| Other employee benefits | $66,769,820 |
| Payroll taxes | $21,942,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,972,648 |
| Fees for services: Accounting | $405,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,612,391 |
| Fees for services: Other | $5,438,751 |
| Advertising and promotion | $1,068,776 |
| Office expenses | $3,599,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,257,773 |
| Travel | $1,742,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,257,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,585,634 |
| Insurance | $8,641,791 |
| All other expenses | $22,286,604 |
| Total functional expenses | $867,926,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,132,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,633,590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,385,024 |
| Prepaid expenses and deferred charges | $16,977,027 |
| Net Land, buildings, and equipment | $562,312,588 |
| Investments—publicly traded securities | $790,077,447 |
| Investments—other securities | $32,494,615 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,223,768 |
| Total assets | $1,606,236,701 |
| Accounts payable and accrued expenses | $132,302,294 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $296,640,618 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,292,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,612,954 |
| Total liabilities | $493,848,234 |
| Net assets without donor restrictions | $1,100,684,554 |
| Net assets with donor restrictions | $11,703,913 |
| 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 | $1,606,236,701 |
Grants Awarded
Over the last fiscal year, Bayhealth Medical Center Inc has awarded $259,323 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: PROGRAM SUPPORT | $35,000 |
THE LEAPFROG GROUP PURPOSE: PROGRAM SUPPORT | $7,775 |
TODAY MEDIA CHARITABLE FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,001 |
GREATER MILFORD CHAMBER OF COMMERCE PURPOSE: PROGRAM SUPPORT | $5,001 |
WESTSIDE FAMILY HEALTHCARE PURPOSE: PROGRAM SUPPORT | $15,000 |
DELAWARE STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $40,000 |