Beth Israel Lahey Health Pharmacy Inc
- Assets
- $32.8m
- Revenue
- $210.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Westwood, MA
- Founding
- 04/2019
- Data as of
- 09/2021
- EIN
- 82-2526816
Organization Overview
Beth Israel Lahey Health Pharmacy Inc is located in Westwood, MA. The organization was established in 2019. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Lahey Health Pharmacy 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 09/2021, Beth Israel Lahey Health Pharmacy Inc generated $210.6m in total revenue. All expenses for the organization totaled $210.6m during the year ending 09/2021. While expenses have increased by 92.0% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE BILH PHARMACY (PHARMACY) SUPPORTED PATIENTS OF ITS SISTER ENTITIES BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC) AND LAHEY CLINIC HOSPITAL (D/B/A LAHEY HOSPITAL & MEDICAL CENTER (LHMC)). THE PHARMACY SUPPORTED THE PATIENTS OF BOTH BIDMC AND LHMC BY PARTICIPATING IN THE FEDERAL 340B DRUG PROGRAM AND PROVIDING BIDMC PATIENTS WITH ACCESS TO MEDICATION REGARDLESS OF THEIR ABILITY TO PAY. THE PHARMACY PROVIDED CLOSE TO $2 MILLION IN DIRECT FINANCIAL ASSISTANCE AS PART OF ITS PATIENT ASSISTANCE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fischer Steven Bilh Cfo, Trustee, Treasurer (ex-Officio) | OfficerTrustee | 1 | $0 |
Katz ESQ Jamie Bilh Gen. Counsel, Clerk (ex-Officio) | OfficerTrustee | 1 | $0 |
Cullen Michael R Trustee And Chief Financial Officer | OfficerTrustee | 1 | $0 |
Dejesus Jess Chief Pharmacy Officer | OfficerTrustee | 1 | $0 |
Tabb MD Kevin Chief Executive Officer (ex-Officio) | Officer | 1 | $0 |
Pho Quan Interim Chief Pharmacy Officer | Officer | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allcare Plus Pharmacy Inc Consulting Services | 9/29/21 | $1,100,000 |
Now Delivery Courier Services | 9/29/21 | $414,227 |
Alliance Detective & Security Service Security Services | 9/29/21 | $266,604 |
Ug2 Llc Housekeeping Services | 9/29/21 | $198,284 |
United Parcel Service Shipping Services | 9/29/21 | $188,800 |
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 | $210,599,852 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,599,852 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $143,966,664 |
| Fees for services: Legal | $0 |
| 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 | $11,599,718 |
| Advertising and promotion | $0 |
| Office expenses | $58,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,820 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,960 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $133 |
| Total functional expenses | $210,599,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,012,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,615,452 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,082,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,579 |
| Total assets | $32,825,089 |
| Accounts payable and accrued expenses | $6,750,686 |
| 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 | $26,074,403 |
| Total liabilities | $32,825,089 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,825,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Laboratories Westbury, NY | $332,816,944 | $824,844,482 |
Catholic Managed Long Term Care Inc New York, NY | $69,408,204 | $356,229,491 |
Beth Israel Lahey Health Pharmacy Inc Westwood, MA | $32,825,089 | $210,599,852 |
North Shore-Lij Anesthesiology Pc Westbury, NY | $33,422,603 | $196,131,623 |
Health Quest Systems Inc Poughkeepsie, NY | $299,235,129 | $128,637,142 |
Weill Cornell Imaging At New York-Presbyterian New York, NY | $260,757,185 | $189,735,932 |
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |
Alexion Access Foundation New Haven, CT | $195,433 | $55,917,914 |
Evercare Choice Inc Newburgh, NY | $7,909,897 | $57,811,239 |
Lakeville Surgery Pc Westbury, NY | $0 | $24,920,784 |
Catalyst Institute Inc Boston, MA | $933,932,322 | $52,496,525 |