Thibodaux Regional Health System Inc is located in Thibodaux, LA. The organization was established in 2019. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Thibodaux Regional Health System Inc employed 1,772 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thibodaux Regional Health System 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, Thibodaux Regional Health System Inc generated $323.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $288.7m during the year ending 09/2023. While expenses have increased by 6.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THIBODAUX REGIONAL MEDICAL CENTER (THE HOSPITAL). THE MISSION OF THE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY, MOST COST-EFFECTIVE HEALTHCARE SERVICES POSSIBLE TO THE PEOPLE OF THIBODAUX AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
THE MISSION OF THE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY, MOST COST-EFFECTIVE HEALTHCARE SERVICES POSSIBLE TO THE PEOPLE OF THIBODAUX AND SURROUNDING AREAS. THE HOSPITAL, IN RECOGNITION OF ITS MISSION, STRIVES TO ACHIEVE ITS VISION TO BE THE REGIONAL MEDICAL CENTER OF CHOICE FOR SELECTED HEALTHCARE SERVICES IN SOUTHEAST LOUISIANA THROUGH A COMMITMENT TO QUALITY IMPROVEMENT, BY PARTNERING WITH OTHER HEALTHCARE PROVIDERS, AND BY REMAINING FINANCIALLY VIABLE IN A COMPETITIVE ENVIRONMENT. TO ACHIEVE OUR VISION, WE PROMOTE THE FOLLOWING VALUES: RESPECT, INTEGRITY, INNOVATION, EXCELLENCE, ACCOUNTABILITY, AND PASSION.THE MEDICAL CENTER IS LICENSED FOR 180 BEDS AND OPERATES 140 INPATIENT BEDS INCLUDING INPATIENT REHAB AND INPATIENT BEHAVIORAL HEALTH. THE AVAILABLE STAFFED BED COMPLEMENT IS AS FOLLOWS:MEDICAL/SURGICAL 79LDRP/ANTE PARTAL 16INTENSIVE CARE 16STEPDOWN 10REHABILITATION 14BEHAVIORAL HEALTH 16THE MEDICAL CENTER HAS APPROXIMATELY 281 PHYSICIANS ON STAFF. THIS INCLUDES 112 ACTIVE STAFF PHYSICIANS, 11 ASSOCIATE STAFF PHYSICIANS, 38 COURTESY STAFF PHYSICIANS, 18 EMERGENCY DEPARTMENT PHYSICIANS, 17 CONSULTING STAFF PHYSICIANS, 7 COMMUNITY STAFF PHYSICIANS, 77 TELEMEDICINE PHYSICIANS, AND 1 HOUSE STAFF PHYSICIAN. THE MEDICAL STAFF SUPPORT SERVICES PROVIDED AT THE MAIN HOSPITAL, CANCER CENTER, MEDICAL OFFICE BUILDING, MEDICAL PLAZA AND WELLNESS CENTER AS APPROPRIATE TO THE SERVICES PROVIDED IN THOSE LOCATIONS.ALL SERVICES ARE PLANNED AND DESIGNED ON THE PATIENT POPULATION THE HOSPITAL SERVES, THE HOSPITAL'S MISSION AND VISION STATEMENT, KEY REQUIREMENTS OF OUR PATIENTS AND THEIR FAMILY MEMBERS, AND KEY REQUIREMENTS OF OTHER MAJOR STAKEHOLDERS. THE PROCESS OF PLANNING A SERVICE IS A COLLABORATIVE EFFORT. HOSPITAL STAFF THAT ARE MOST KNOWLEDGEABLE ABOUT THE PARTICULAR SERVICE BEING PLANNED ARE INVOLVED IN THE PLANNING PROCESS AS WELL AS PHYSICIANS AND COMMUNITY LEADERS WHERE APPROPRIATE. IN ACCORDANCE WITH FEDERAL AND STATE REGULATIONS, PROFESSIONAL PRACTICE STANDARDS AND CODES, TRMC PROVIDES THE COMMUNITY WITH AN EXTENSIVE RANGE OF GENERAL AND SPECIALTY MEDICAL SERVICES.SIGNIFICANT HOSPITAL ACHIEVEMENTS & KEY STATISTICS FOR FISCAL YEAR ENDED 9/30/2023 INCLUDE:2023 - THE JOINT COMMISSION AND AMERICAN HEART ASSOCIATION CERTIFIED PRIMARY STROKE CENTERFIRST HOSPITAL IN REGION2023 - COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES GENERAL REHABILITATION AND STROKE SPECIALTY PROGRAM11TH CONSECUTIVE 3-YEAR ACCREDITATION2023 - LABORATORY ACCREDITATION BY THE COLLEGE OF AMERICAN PATHOLOGISTACCREDITATION MAINTAINED SINCE 19712023 - AMERICAN ASSOCIATION OF CARDIOVASCULAR AND PULMONARY REHABILITATION ACCREDITATION OF CARDIAC REHABILITATION PROGRAM2023 - DIABETES SELF-MANAGEMENT ACCREDITATION BY THE AMERICAN DIABETES ASSOCIATIONACCREDITED SINCE 19992023 - SLEEP CENTER ACCREDITATION BY THE AMERICAN ASSOCIATION OF SLEEP MEDICINE2023 - BLUE DISTINCTION CENTER+ FOR MATERNITY CARE2023 - BLUE DISTINCTION CENTER+ FOR KNEE AND HIP REPLACEMENT2023 - BIRTH READY DESIGNATION BY THE LOUISIANA DEPARTMENT OF HEALTH (LDH) AND THE LOUISIANA PERINATAL QUALITY COLLABORATIVE (LAPQC)2023 - INPATIENT REHABILITATION AND STROKE SPECIALTY PROGRAM RE- ACCREDITATION BY CARF (COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES)2023 - MEDICAL EXCELLENCE AWARD - #1 HOSPITAL IN LOUISIANA FOR CARDIAC CARE BY CARECHEX2023 - POV PEOPLE'S CHOICE FAVORITE HOSPITAL2023 - POV PEOPLE'S CHOICE FAVORITE GYM/HEALTH & FITNESS CLUB2023 - POV PEOPLE'S CHOICE FAVORITE URGENT CARE2023 - POV PEOPLE'S CHOICE FAVORITE PLACE TO WORK2023 - THE COURIER/DAILY COMET BAYOU'S BEST OF THE BEST -BEST HOSPITAL2023 - THE COURIER/DAILY COMET BAYOU'S BEST OF THE BEST - FITNESS CENTER/GYMTOTAL INPATIENT DAYS 26,444AVERAGE DAILY CENSUS 72.4INPATIENT ADMISSIONS 6,020AVERAGE LOS (ACUTE) 4.1OBSERVATION PATIENTS 2,959REHAB DAYS 2,882DELIVERIES 939OUTPATIENT VISITS 157,608E/R VISITS 37,242HOME HEALTH ADMISSIONS 1,172ADJUSTED PATIENT DAYS 112,442SURGERY CASES 10,366CARECHEX AWARDS - HIGHLIGHTS:TOP 10% OVERALL HOSPITAL CARE FOR THE STATE AND #1 IN THE MARKET FOR MEDICAL EXCELLENCETOP 10% IN OVERALL MEDICAL CARE FOR THE, NATION, REGION AND STATE AND #1 IN THE MARKET FOR PATIENT SAFETYHEALTHGRADES: 5-STAR RATING FOR PACEMAKER PROCEDURES, HIP FRACTURE TREATMENT, WHICH HAS HELD THIS DESIGNATION FOR 3 YEARS IN A ROW, AND CAROTID PROCEDURES, WHICH HAS HELD THIS DESIGNATION FOR 10 YEARS IN A ROW. BLUE CROSS BLUE SHIELD:BLUE DISTINCTION CENTER+ SPINE SURGERYBLUE DISTINCTION CENTER+ FOR HIP AND KNEE REPLACEMENTBLUE DISTINCTION CENTER + MATERNITYLOUISIANA PERINATAL QUALITY COLLABORATIVE BIRTH READY DESIGNATIONLOUISIANA DEPARTMENT OF HEALTH THE GIFT DESIGNATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Greg K Stock CEO And Board Sec. - Nonvo | OfficerTrustee | 40 | $814,430 |
Jake Giardina Board Chairman | Trustee | 1 | $0 |
Francis Richard Board Vice Chairman | Trustee | 1 | $0 |
Dr Cleveland Hill Board Member | Trustee | 1 | $0 |
Dr David Elias Board Member | Trustee | 1 | $0 |
Dr Raja Talluri Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Health Catalyst Information Technology Services/support | 9/29/23 | $5,996,713 |
Meddata Billing Services | 9/29/23 | $2,464,585 |
Ccmma La Telehealth Provider Services | 9/29/23 | $931,480 |
Chg Companies Inc Physician Locum Providers | 9/29/23 | $1,050,337 |
Power Wellness Management Fitness Center Management Services | 9/29/23 | $2,004,943 |
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 | $31,532,919 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $31,532,919 |
Total Program Service Revenue | $280,666,027 |
Investment income | $2,526,143 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,642,590 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$134,815 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $323,092,717 |
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. | $1,200,598 |
Compensation of current officers, directors, key employees. | $1,200,598 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $99,728,205 |
Pension plan accruals and contributions | $2,527,679 |
Other employee benefits | $11,761,347 |
Payroll taxes | $5,955,659 |
Fees for services: Management | $0 |
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 | $0 |
Advertising and promotion | $5,234,296 |
Office expenses | $6,109,616 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $4,937,521 |
Travel | $244,091 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,477 |
Interest | $13,463,177 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $16,774,421 |
Insurance | $1,635,551 |
All other expenses | $3,707,757 |
Total functional expenses | $288,687,724 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,781,056 |
Savings and temporary cash investments | $2,202,585 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $27,484,625 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,022,074 |
Prepaid expenses and deferred charges | $112,058,653 |
Net Land, buildings, and equipment | $37,651,322 |
Investments—publicly traded securities | $0 |
Investments—other securities | $107,942,354 |
Investments—program-related | $0 |
Intangible assets | $4,823,475 |
Other assets | $184,286,685 |
Total assets | $511,252,829 |
Accounts payable and accrued expenses | $18,680,626 |
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 | $319,987,714 |
Total liabilities | $338,668,340 |
Net assets without donor restrictions | $172,584,489 |
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 | $511,252,829 |