Medstar-Georgetown Medical Center Inc, operating under the name Medstar Georgetown University Hospital, is located in Washington, DC. The organization was established in 2000. 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 06/2022, Medstar Georgetown University Hospital employed 5,260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medstar Georgetown University Hospital 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 06/2021, Medstar Georgetown University Hospital generated $1.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.2b during the year ending 06/2021. While expenses have increased by 2.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTO PROVIDE PHYSICAL AND SPIRITUAL COMFORT TO OUR PATIENTS AND THEIR FAMILIES IN THE JESUIT TRADITION OF CURA PERSONALIS, CARING FOR THE WHOLE PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OMEDSTAR GEORGETOWN UNIVERSITY HOSPITAL'S LARGEST PROGRAM IS THE PROVISION OF ACUTE HOSPITAL SERVICES TO THE COMMUNITIES OF THE NORTHWEST WASHINGTON, D.C. AND THE SURROUNDING AREAS. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED ABOVE, MEDSTAR GEORGETOWN INCURRED $239.6M OF MANAGEMENT AND GENERAL EXPENSES IN PROVIDING SERVICES TO ITS COMMUNITIES. MEDSTAR GEORGETOWN'S CENTERS OF EXCELLENCE INCLUDE NEUROSCIENCES, TRANSPLANTATION, CANCER AND GASTROENTEROLOGY. THE HOSPITAL IS ONE OF A FEW CENTERS IN THE WORLD PROVIDING LIVING-DONOR LIVER TRANSPLANTATION. MEDSTAR GEORGETOWN'S NEUROSCIENCES PROGRAM IS RECOGNIZED AS AN ADVANCED PRIMARY STROKE CENTER BY THE JOINT COMMISSION AND IS A NATIONAL PARKINSON FOUNDATION CENTER OF EXCELLENCE FOR PARKINSON'S DISEASE AND OTHER MOVEMENT DISORDERS. MEDSTAR GEORGETOWN'S LOMBARDI COMPREHENSIVE CANCER CENTER IS ONE OF ONLY 52 CENTERS IN THE U.S., AND THE ONLY ONE DESIGNATED AS A COMPREHENSIVE CANCER CENTER BY THE NATIONAL CANCER INSTITUTE IN WASHINGTON, D.C. MEDSTAR GEORGETOWN WAS THE FIRST HOSPITAL IN WASHINGTON, D.C. TO ATTAIN MAGNET RECOGNITION BY THE AMERICAN NURSES CREDENTIALING CENTER (ANCC), AND NOW HAS ACHIEVED 4 CONSECUTIVE MAGNET DESIGNATIONS (2004, 2008, 2014, 2018). MEDSTAR GEORGETOWN IS IN THE PROCESS OF THE JOURNEY TOWARDS A FIFTH MAGNET DESIGNATION.SINCE MARCH 2020, MEDSTAR HEALTH HAS CARED FOR 1 IN 4 COVID-19 PATIENTS IN THE REGION. OPERATING AS ONE MEDSTAR AND ALIGNING WITH GUIDANCE FROM THE CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC) AND LOCAL DEPARTMENTS OF HEALTH, MEDSTAR HEALTH COVID-19 PREPARATIONS AND RESPONSE CONTINUE TO BE GUIDED BY THREE CRITICAL DRIVERS: PROVIDE A SAFE CARE ENVIRONMENT FOR PATIENTS AND ASSOCIATES; MITIGATE COMMUNITY SPREAD OF COVID-19; AND ENSURE OPERATIONAL CONTINUITY TO FULFILL OUR CORE MISSION OF CARING FOR OUR COMMUNITIES.THESE EFFORTS HAVE EVOLVED AND TRANSITIONED IN MULTIPLE WAYS THROUGHOUT THE DURATION OF THE COVID-19 PANDEMIC, LEADING TO A NUMBER OF INTEGRATED CARE APPROACHES IN PLACE TODAY: UTILIZATION OF MEDSTAR HEALTH URGENT CARE, MEDSTAR EVISIT AND OUR DIGITAL CAPABILITIES TO CREATE ACCESS, TESTING SITES, AND TELEHEALTH FOR PRIMARY CARE AND FOLLOW-UP VISITS; EXPANDED MANAGEMENT OF CARE CONTINUUM NEEDS FOR PATIENTS THROUGH MEDSTAR HEALTH HOME CARE; EXECUTION OF INNOVATIVE LABORATORY APPROACHES INTEGRATED WITH OCCUPATIONAL HEALTH TO BETTER SUPPORT ASSOCIATES MANAGING THROUGH COVID-19 EXPOSURES; DEPLOYMENT OF COMMUNITY MOBILE UNITS AND CLINICS FOR COVID-19 VACCINATIONS/BOOSTERS; INCREASED MANAGEMENT OF SUPPLY AND ACQUISITION OF PERSONAL PROTECTIVE EQUIPMENT (PPE), N95 RESPIRATORS, COVID-19 VACCINES AND BOOSTERS; REINFORCEMENT OF A MANDATORY COVID-19 VACCINATION POLICY RESULTING IN COMPLIANCE OF 99% OF ASSOCIATES AND PHYSICIANS; AND ADMINISTRATION OF MORE THAN 36,800 COVID-19 VACCINATIONS/BOOSTERS TO MEDSTAR HEALTH ASSOCIATES AND PHYSICIANS AND MORE THAN 74,500 TO PATIENTS ACROSS THE REGION IN FY 2022.
MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL PROVIDED $86.8M IN HEALTH PROFESSIONS EDUCATION IN FISCAL YEAR 2022. THIS CATEGORY INCLUDES TRAINING IN GRADUATE MEDICAL EDUCATION, AND EDUCATION FOR PHYSICIANS, MEDICAL STUDENTS, NURSES, AND OTHER HEALTH PROFESSIONS.
MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL PROVIDED $4.8M IN CHARITY CARE SERVICES IN FISCAL YEAR 2022. CHARITY CARE IS PROVIDED PURSUANT TO MEDSTAR HEALTH'S FINANCIAL ASSISTANCE POLICY TO MEMBERS OF THE COMMUNITY WHOSE INCOME IS BELOW CERTAIN THRESHOLDS AND FOR WHICH THE HOSPITAL IS NOT COMPENSATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth A Samet Director | Trustee | 1 | $0 |
Michael C Sachtleben President/director | OfficerTrustee | 40 | $1,615,390 |
Nadim Haddad MD Director | Trustee | 40 | $1,220,643 |
Mary Kay Sidawy MD Director | Trustee | 1 | $0 |
Matthew Cooper MD Director | Trustee | 40 | $869,312 |
Cirrelda Cooper MD Vice Chair | Trustee | 40 | $203,223 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Medical Solutions Llc Staffing Services | 6/29/22 | $4,397,690 |
Amn Healthcare Inc Staffing Services | 6/29/22 | $12,425,529 |
Apollo Jets Llc Transport | 6/29/22 | $2,511,586 |
Standard Parking Corp Parking Services | 6/29/22 | $4,251,899 |
Hks-shalom Baranes Joint Venture Professional Svcs | 6/29/22 | $2,381,859 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $58,252,001 |
Investment income | $533,067 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $149,941 |
Net Gain/Loss on Asset Sales | $536,779 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,350,604,827 |
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. | $5,358,926 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $511,088,678 |
Pension plan accruals and contributions | $7,974,380 |
Other employee benefits | $54,992,723 |
Payroll taxes | $36,979,012 |
Fees for services: Management | $101,292,303 |
Fees for services: Legal | $957,731 |
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 | $88,620,683 |
Advertising and promotion | $2,713,446 |
Office expenses | $8,481,794 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,835,111 |
Travel | $808,653 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $247,484 |
Interest | $8,898,920 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $37,473,202 |
Insurance | $16,365,923 |
All other expenses | $0 |
Total functional expenses | $1,170,190,688 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,431,914 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $282,663,254 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $25,864 |
Inventories for sale or use | $15,283,106 |
Prepaid expenses and deferred charges | $4,462,938 |
Investments—publicly traded securities | $0 |
Investments—other securities | $32,135,448 |
Investments—program-related | $0 |
Intangible assets | $70,718,228 |
Other assets | $31,022,451 |
Total assets | $988,810,390 |
Accounts payable and accrued expenses | $196,493,524 |
Grants payable | $0 |
Deferred revenue | $4,160,756 |
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 | $69,673,631 |
Total liabilities | $270,327,911 |
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 | $718,482,479 |
Over the last fiscal year, Medstar-Georgetown Medical Center Inc has awarded $46,190 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
HOPE FOR HENRY FOUNDATION PURPOSE: ANNUAL CONTRIBUTION | $40,000 |
GREATER WASHINGTON PARTNERSHIP PURPOSE: GREATER WASHINGTON PARTNERSHIP | $6,190 |