Legacy Meridian Park Hospital

Organization Overview

Legacy Meridian Park Hospital is located in Tualatin, OR. The organization was established in 1984. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Legacy Meridian Park 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 03/2021, Legacy Meridian Park Hospital generated $261.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $234.0m during the year ending 03/2021. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LEGACY MERIDIAN PARK HOSPITAL (LMPH), ESTABLISHED IN 1973, IS A COMMUNITY HOSPITAL IN TUALATIN, OR. LMPH IS SOUTH METRO'S MOST SOPHISTICATED MEDICAL CENTER AND PROVIDES THE PERSONAL TOUCH OF A COMMUNITY HOSPITAL ALONG WITH A VARIETY OF SPECIALIZED SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN SUPPORT OF ITS MISSION, LMPH VOLUNTARILY PROVIDES MEDICALLY NECESSARY PATIENT CARE SERVICES THAT ARE DISCOUNTED OR FREE OF CHARGE TO PERSONS WHO HAVE INSUFFICIENT RESOURCES AND/OR WHO ARE UNINSURED. DURING FISCAL YEAR 2023, LMPH PROVIDED FINANCIAL ASSISTANCE ON APPROXIMATELY 5,402 PATIENT ACCOUNTS (OF WHICH 587 ACCOUNTS RECEIVED DISCOUNTS TOTALING 100% OF COSTS) AND RESULTED IN LMPH INCURRING ROUGHLY $3,525,600 IN UNCOMPENSATED COSTS ASSOCIATED WITH THIS PROGRAM. IN ADDITION TO CHARITY CARE, LMPH PROVIDES SERVICES UNDER VARIOUS STATES' MEDICAID PROGRAMS FOR FINANCIALLY NEEDY PATIENTS AND MEDICARE BENEFICIARIES PROGRAMS FOR WHICH THE COST OF TREATING THESE PATIENTS EXCEEDS THE GOVERNMENT PAYMENTS RECEIVED. DURING FISCAL YEAR 2023, LMPH INCURRED APPROXIMATELY $9,737,300 AND $28,143,500 IN UNCOMPENSATED COSTS ATTRIBUTABLE TO MEDICAID AND MEDICARE PROGRAMS, RESPECTIVELY. LMPH ALSO PROVIDES A VARIETY OF OTHER COMMUNITY BENEFIT ACTIVITIES SUCH AS MEDICAL EDUCATION, DONATIONS TO OTHER CHARITABLE ENTITIES, RESEARCH, AND OTHER HEALTH IMPROVEMENT SERVICES, WHICH TOTALED ROUGHLY $1,713,600 DURING FISCAL YEAR 2023.LMPH IS PART OF LEGACY, WHICH COLLECTIVELY PROVIDED OVER $46 MILLION, $327 MILLION, $273 MILLION, AND $12 MILLION IN UNCOMPENSATED CARE ATTRIBUTABLE TO ITS FINANCIAL ASSISTANCE, MEDICAID, MEDICARE, AND OTHER GOVERNMENT PROGRAMS, RESPECTIVELY, IN FISCAL YEAR 2023. IN ADDITION, LEGACY PROVIDED OVER $29 MILLION IN OTHER COMMUNITY BENEFIT ACTIVITIES DURING FISCAL YEAR 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Kathryn Correia
President & CEO
$0
Seth R Podolsky MD
Sr VP
$0
Anna Loomis
CFO & Treasurer
$0
Alexander Gladney
Secretary
$0
Bryce R Helgerson
Former Sr. VP
$0
Trent S Green
Sr VP
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Echo Vision Inc
Medical Services
$657,735
Oregon Anesthesiology Group Pc
Medical Services
$639,305
Dialysis Systems Management
Medical Services
$403,237
Prestige Care Inc
Contract Services
$383,184
Surgical Instrument Service Co
Medical Services
$346,013
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$371,438
Investment income $27
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $66,181
Net Gain/Loss on Asset Sales $46,081
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $261,000,731

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