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 06/2021, Medstar Georgetown University Hospital employed 5,374 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 06/2020, Medstar Georgetown University Hospital generated $1.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.1b during the year ending 06/2020. While expenses have increased by 1.9% 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
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 $261.1M 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 ARE GUIDED BY THREE CRITICAL DRIVERS: PROVIDING A SAFE CARE ENVIRONMENT FOR PATIENTS AND ASSOCIATES; MITIGATING COMMUNITY SPREAD OF COVID-19; AND ENSURING OPERATIONAL CONTINUITY TO FULFILL OUR CORE MISSION OF CARING FOR OUR COMMUNITIES.THESE EFFORTS HAVE EVOLVED AND TRANSITIONED IN MULTIPLE WAY 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, EVISITS AND OUR DIGITAL CAPABILITIES TO CREATE ACCESS, RAPID STAND-UP OF TESTING SITES, USE OF TELEHEALTH FOR PRIMARY CARE AND FOLLOW-UP VISITS, UTILIZATION OF MEDSTAR HEALTH HOME CARE TO SAFELY MANAGE THE CARE CONTINUUM NEEDS FOR PATIENTS, DEPLOYMENT OF INNOVATIVE LABORATORY APPROACHES INTEGRATED WITH OCCUPATIONAL HEALTH TO BETTER SUPPORT ASSOCIATES MANAGING THROUGH COVID-19 EXPOSURES, STAND-UP OF A BUDDY PROGRAM WHERE NON-CLINICAL ASSOCIATES TAKE SHIFTS TO PROVIDE SUPPORT SERVICES FOR NURSING AND CARE TEAMS, ESTABLISHMENT OF COMMUNITY MOBILE UNITS AND CLINICS FOR COVID-19 VACCINATIONS/BOOSTERS, SUPPLY AND MAINTAIN PERSONAL PROTECTIVE EQUIPMENT (PPE), N95 RESPIRATORS, COVID-19 VACCINES AND BOOSTERS, EXECUTION OF A MANDATORY COVID-19 VACCINATION POLICY RESULTING IN 99% OF ASSOCIATES AND PHYSICIANS VACCINATED AGAINST COVID-19, AND ADMINISTRATION OF MORE THAN 253,000 COVID-19 VACCINATIONS/BOOSTERS ACROSS THE REGION.
MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL PROVIDED $83.6M IN HEALTH PROFESSIONS EDUCATION IN FISCAL YEAR 2021. THIS CATEGORY INCLUDES TRAINING IN GRADUATE MEDICAL EDUCATION, AND EDUCATION FOR PHYSICIANS, MEDICAL STUDENTS, NURSES, AND OTHER HEALTH PROFESSIONS.
MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL PROVIDED $4.2M IN CHARITY CARE SERVICES IN FISCAL YEAR 2021. 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 |
---|---|---|---|
Nadim Haddad MD Director | Trustee | 40 | $1,431,043 |
Michael C Sachtleben President/director | OfficerTrustee | 40 | $1,425,416 |
Matthew Cooper MD Director | Trustee | 40 | $782,730 |
Eileen Ferrell Physician | 40 | $524,181 | |
Mary Kay Sidawy MD Director | Trustee | 40 | $522,015 |
David Ho Chief Financial Officer | Officer | 40 | $470,199 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Amn Healthcare Inc Staffing Services | 6/29/21 | $11,293,030 |
Sodexo Inc & Affiliates Food&facilities Mgmt | 6/29/21 | $3,179,373 |
Standard Parking Corp Parking Services | 6/29/21 | $4,220,296 |
Rolyn Llc Facilities Services | 6/29/21 | $2,802,894 |
Hks-shalom Baranes Joint Venture Professional Svcs | 6/29/21 | $2,678,919 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $34,796,181 |
Investment income | $660,837 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $603,998 |
Net Gain/Loss on Asset Sales | $612,760 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,176,443,730 |
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. | $5,262,626 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $473,546,469 |
Pension plan accruals and contributions | $7,768,202 |
Other employee benefits | $44,987,485 |
Payroll taxes | $35,711,727 |
Fees for services: Management | $87,335,271 |
Fees for services: Legal | $38,814 |
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 | $85,174,965 |
Advertising and promotion | $2,670,656 |
Office expenses | $6,574,998 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $8,024,860 |
Travel | $1,661,700 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $400,260 |
Interest | $7,735,448 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $35,358,859 |
Insurance | $13,850,809 |
All other expenses | $0 |
Total functional expenses | $1,087,730,877 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,185,226 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $197,310,970 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $38,796 |
Inventories for sale or use | $15,353,115 |
Prepaid expenses and deferred charges | $3,898,954 |
Investments—publicly traded securities | $0 |
Investments—other securities | $21,375,340 |
Investments—program-related | $0 |
Intangible assets | $70,718,228 |
Other assets | $42,174,219 |
Total assets | $760,336,597 |
Accounts payable and accrued expenses | $200,873,728 |
Grants payable | $0 |
Deferred revenue | $4,053,665 |
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 | $67,278,517 |
Total liabilities | $272,205,910 |
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 | $488,130,687 |
Over the last fiscal year, we have identified 18 grants that Medstar-Georgetown Medical Center Inc has recieved totaling $5,658,672.
Awarding Organization | Amount |
---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: EARLY CHILDHOOD INNOVATION NETWORK | $2,500,000 |
Gerard B Lambert Foundation Harrison, NY PURPOSE: TO SUPPORT THE DEVELOPMENT OF A NEW GREEN SPACE | $1,333,333 |
Gerard B Lambert Foundation Harrison, NY PURPOSE: TO SUPPORT THE DEVELOPMENT OF A NEW GREEN SPACE | $666,667 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: EARLY CHILDHOOD INNOVATION NETWORK | $250,000 |
Washington Home Inc Washington, DC PURPOSE: CRITICALLY ILL | $187,991 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $125,000 |
Organization Name | Assets | Revenue |
---|---|---|
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Franklin Square Hospital Center Inc Baltimore, MD | $352,871,142 | $621,968,540 |
Holy Cross Health Inc Silver Spring, MD | $1,036,467,989 | $628,720,499 |
Luminis Health Anne Arundel Medical Center Inc Annapolis, MD | $992,420,560 | $584,759,712 |
Mercy Medical Center Inc Baltimore, MD | $1,079,475,766 | $597,196,319 |
Greater Baltimore Medical Center Baltimore, MD | $707,278,041 | $540,688,804 |
Union Memorial Hospital Baltimore, MD | $246,794,667 | $463,660,002 |
Lucy Webb Haynes National Training School For Deaconesses And Mission Washington, DC | $1,473,123,330 | $556,069,368 |
Johns Hopkins Medical Services Corporation Baltimore, MD | $2,611,194 | $455,523,526 |
Sentara Rmh Medical Center Norfolk, VA | $254,053,067 | $480,799,491 |