Lcmc Health Holdings Inc
- Assets
- $287.7m
- Revenue
- $326.9m
- Investments
- $0.0
- Employees
- 2,419
- Location
- Metairie, LA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-3390470
Organization Overview
Lcmc Health Holdings Inc, operating under the name East Jefferson General Hospital, is located in Metairie, 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 12/2021, East Jefferson General Hospital employed 2,419 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Jefferson General 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 12/2021, East Jefferson General Hospital generated $326.9m in total revenue. All expenses for the organization totaled $356.6m during the year ending 12/2021. While expenses have increased by 110.5% per year over the past 2 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
OUR MISSION AT LCMC HEALTH HOLDINGS, INC., A NONPROFIT COMMUNITY HEALTH SYSTEM (CON'T ON SCH O)
Describe the Organization's Program Activity:
ANCILLARY SERVICES: INCLUDES CARDIOLOGY, RADIOLOGY, PHYSICAL THERAPY, LABORATORY, NUCLEAR CARE, NUCLEAR MEDICINE, ENDOSCOPY, AND DIALYSIS. THERE WERE 55,255 CARDIOLOGY NON-INVASIVE PROCEDURES, 2,761 ENDOSCOPY PROCEDURES, 1,021,555 LABORATORY UNITS OF SERVICE, AND 50,813 PHYSICAL THERAPY RELATIVE VALUE UNITS.
GENERAL/SURGICAL HEALTHCARE DELIVERY: INCLUDES SUCH SERVICES AS OBSTERICS, INTENSIVE CARE AND CORONARY CARE, AND NEONATAL NURSERY, TOTAL ADMISSIONS (EXCLUDING SPECIALTY UNITS): 11,238 TOTAL PATIENT DAYS (EXCLUDING SPECIALTY UNITS): 58,280, TOTAL SURGICAL HOURS: 15,592, THERE WERE 997 NEWBORN DELIVERIES.
EMERGENCY SERVICES; INCLUDES AMBULANCES SERVICES, AND FULL EMERGENCY ROOM CARE, INCLUDING TRAUMA. IN 2021, THERE WERE 45,311 EMERGENCY ROOM VISITS. TOTAL ADMISSIONS (EXCLUDING SPECIALTY UNITS): 11,238 TOTAL PATIENT DAYS (EXCLUDING SPECIALTY UNITS): 58,280.
SPECIALTY CARE AND OTHER: INCLUDES SERVICES SUCH AS PSYCHIATRY, REHABILITATION, AND SKILLED NURSING FACILITIES. IT ALSO INCLUDES CONVENIENCE SERIES SUCH AS WELLNESS FACILITIES. IN 2021, THERE WERE 3,146 PSYCHIATRIC DAYS, 4,179 REHAB PATIENT DAYS, AND 5,651 SKILLED NURSING DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arshed Malik MD Physician | 60 | $700,985 | |
Zhen Jiao MD Physician | 60 | $514,736 | |
Richard Tanzella President & CEO | Officer | 60 | $470,607 |
Abhinav Saxena MD Physician | 60 | $456,155 | |
Paolo Zambito Chief Operating Officer | Officer | 60 | $398,693 |
Raymond Decorte Svp, Chief Medical | Officer | 60 | $306,278 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bernhard Mcc Llc Facility Maintenance & Utility Managemen | 12/30/21 | $17,919,586 |
Amerisource Bergen Drug Corp Drugs And Pharmacy Supplies | 12/30/21 | $16,866,949 |
Quest Diagnostics Laboratory Services | 12/30/21 | $9,934,388 |
Cerner Corporation Computer System Services | 12/30/21 | $13,338,933 |
Morris And Dickson Co Ltd Drugs And Pharmacy Supplies | 12/30/21 | $6,742,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,690,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,700,131 |
| Total Program Service Revenue | $307,226,574 |
| Investment income | $209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,132,044 |
| Net Gain/Loss on Asset Sales | -$358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,861,624 |
| 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. | $2,781,392 |
| Compensation of current officers, directors, key employees. | $222,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,180,565 |
| Pension plan accruals and contributions | $3,353,693 |
| Other employee benefits | $8,119,843 |
| Payroll taxes | $6,583,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,840 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $13,132 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,692,854 |
| Advertising and promotion | $632,893 |
| Office expenses | $558,839 |
| Information technology | $23,942,395 |
| Royalties | $0 |
| Occupancy | $8,638,953 |
| Travel | $75,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,549,670 |
| Insurance | $3,292,150 |
| All other expenses | $0 |
| Total functional expenses | $356,591,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,471,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,060,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,048,918 |
| Prepaid expenses and deferred charges | $4,491,766 |
| Net Land, buildings, and equipment | $155,640,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,939,531 |
| Total assets | $287,653,547 |
| Accounts payable and accrued expenses | $57,436,003 |
| Grants payable | $0 |
| Deferred revenue | $67,025,511 |
| 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 | $120,388,031 |
| Total liabilities | $244,849,545 |
| Net assets without donor restrictions | $42,804,002 |
| 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 | $287,653,547 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lcmc Health Holdings Inc has recieved totaling $34,105.
| Awarding Organization | Amount |
|---|---|
Louisiana Hospital Association Research And Education Foundation Baton Rouge, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $34,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christus Santa Rosa Health Care Corporation San Antonio, TX | $823,819,499 | $885,757,284 |
Methodist Hospital Houston, TX | $130,604,579 | $883,101,957 |
Louisiana Childrens Medical Center New Orleans, LA | $2,940,292,717 | $460,794,221 |
Scott & White Hospital Round Rock Dallas, TX | $428,231,823 | $458,358,990 |
United Regional Health Care System Inc Wichita Falls, TX | $1,016,288,839 | $486,094,046 |
Lcmc Health Holdings Inc Metairie, LA | $287,653,547 | $326,861,624 |
Baptist Hospitals Of Southeast Texas Beaumont, TX | $264,515,722 | $327,761,225 |
St Lukes Community Health Services Houston, TX | $300,380,882 | $290,157,222 |
Christus Health Northern Louisiana Shreveport, LA | $207,885,296 | $252,498,932 |
Texas Health Huguley Inc Burleson, TX | $308,074,574 | $280,176,090 |
Scott & White Hospital - College Station Dallas, TX | $344,731,459 | $267,018,613 |
Texas Health Presbyterian Hospital Denton Denton, TX | $199,538,918 | $256,700,774 |