Lrghealthcare

Organization Overview

Lrghealthcare is located in Manchester, NH. The organization was established in 2007. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Lrghealthcare employed 1,677 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lrghealthcare 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 09/2020, Lrghealthcare generated $184.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $201.2m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE QUALITY, COMPASSIONATE CARE AND STRENGTHEN THE WELL-BEING OF OUR COMMUNITY.

Describe the Organization's Program Activity:

LRGHEALTHCARE (THE INSTITUTION) IS A NEW HAMPSHIRE NOT-FOR-PROFIT CORPORATION THAT OWNS AND OPERATES TWO HOSPITALS AND THEIR AFFILIATED PROGRAMS AND SERVICES IN THE TWIN RIVERS AND LAKE WINNIPESAUKEE REGIONS OF NH APPROXIMATELY 90 MILES NORTH OF BOSTON, MA. THE INSTITUTION IS THE CORPORATE NAME FOR THE HEALTHCARE SYSTEM COMPRISED OF LAKES REGION GENERAL HOSPITAL (LRGH) AND FRANKLIN REGIONAL HOSPITAL (FRH). LRGH IS LOCATED IN LACONIA, NEW HAMPSHIRE. LRGH, DESIGNATED AS A RURAL REFERRAL CENTER AND SOLE COMMUNITY HOSPITAL UNDER MEDICARE, IS A COMMUNITY AND REGIONAL ACUTE CARE FACILITY WITH A LICENSED BED CAPACITY OF 137 BEDS. FRH, DESIGNATED AS A CRITICAL ACCESS HOSPITAL UNDER MEDICARE, IS A 35 BED COMMUNITY HOSPITAL SERVING THE GREATER FRANKLIN, NEW HAMPSHIRE COMMUNITY. ON JULY 1, 2002, LRGH MERGED WITH FRH TO BECOME LRGHEALTHCARE (THE INSTITUTION). THE INSTITUTION OFFERS A BROAD RANGE OF MEDICAL, SURGICAL, SPECIALTY AND SUB-SPECIALTY SERVICES TO ADULTS, CHILDREN, AND INFANTS. AS A COMMUNITY-BASED INSTITUTION, THE INSTITUTION OFFERS ALL THE INPATIENT SERVICES OF AN ACUTE CARE, COMMUNITY HOSPITAL SYSTEM. IN ADDITION, THE INSTITUTION OFFERS SPECIALTY SERVICES NOT COMMONLY FOUND IN COMPARABLE HOSPITALS, INCLUDING VASCULAR SURGERY AND SPECIALTY SERVICES IN ONCOLOGY AND NEPHROLOGY. TRADITIONAL SERVICES INCLUDE: MEDICAL, SURGICAL AND PEDIATRIC CARE, PSYCHIATRIC SERVICES, SKILLED NURSING CARE, INTENSIVE CARE, OBSTETRICS/GYNECOLOGY, CLINICAL LABORATORY SERVICES, NUTRITION SERVICES, PHARMACY SERVICES, RADIOLOGY SERVICES (INCLUDING CT, MRI, PET/CT AND NUCLEAR MEDICINE), REHABILITATION SERVICES (PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH THERAPY), CARDIOPULMONARY/RESPIRATORY SERVICES, PATIENT EDUCATION SERVICES, CHAPLAINCY, AND PATIENT/FAMILY (SOCIAL) SERVICES. LRGH ALSO HAS ESTABLISHED A PHYSICIAN HOSPITALIST PROGRAM AND INTENSIVISTS PROGRAM TO ACCEPT REFERRALS IN A MORE STREAMLINED FASHION AND FACILITATE EFFICIENCIES IN INPATIENT CARE. TOTAL ACUTE INPATIENT ADMISSIONS WERE 3,721 DURING FISCAL YEAR ENDING SEPTEMBER 30, 2020. THE INSTITUTION MAINTAINS SWING BEDS AT BOTH LRGH AND FRH. SWING BEDS ARE ACUTE CARE LICENSED BEDS THAT CAN BE USED AS NURSING HOME BEDS AND PROVIDE THE HOSPITALS WITH ADDITIONAL REIMBURSEMENT FOR THEIR SENIOR OR OTHER LONG-TERM PATIENTS. BOTH LRGH AND FRH ARE ELIGIBLE TO MAINTAIN SWING BEDS. TOTAL SWING BED ADMISSIONS WERE 231 DURING FISCAL YEAR ENDING SEPTEMBER 30, 2020. LRGH IS A STATE DESIGNATED LEVEL 3 TRAUMA CENTER. IN ADDITION TO ITS TWO HOSPITAL FACILITIES, THE INSTITUTION HAS OVER 25 OTHER SITES WHERE IT OPERATES OUTPATIENT AND AMBULATORY SERVICES. THE OUTPATIENT REGISTRATIONS WERE 245,964 IN FISCAL YEAR ENDING SEPTEMBER 30, 2020. THE MOST SIGNIFICANT FACILITIES INCLUDE: THE LACONIA CLINIC (THE CLINIC) IS A 26-PHYSICIAN PROVIDER-BASED DEPARTMENT (UNDER MEDICARE) OF LRGH LOCATED LESS THAN ONE MILE FROM THE MAIN LACONIA CAMPUS. THE CLINIC AND LRGH OPERATING AGREEMENTS BENEFIT THE COMMUNITY BY PRESERVING AND ENHANCING ACCESS TO A BROAD RANGE OF BENEFITS AND MEDICAL SERVICES. BOTH ENTITIES BELIEVE THAT THE CONCEPT HAS PROVIDED COMMUNITY BENEFITS AND EFFICIENCIES AND ALSO OFFERED OPPORTUNITIES TO MORE EFFECTIVELY ADVANCE QUALITY HEALTHCARE, INCLUDING OUTCOMES. THE MAJOR COMPONENTS OF THE CLINIC IN LACONIA, NH CONSIST OF A TWO OPERATING ROOM AMBULATORY SURGICAL CENTER AND ANCILLARY SERVICES INCLUDING LABORATORY, X-RAY, AND PHYSICAL THERAPY. THE LRGHEALTHCARE AMBULATORY SURGICAL CENTER (ASC) AT HILLSIDE MEDICAL PARK (WHICH IS APPROXIMATELY, 1.4 MILES FROM THE LRGH CAMPUS) IS 65% OWNED AND OPERATED BY LRGH. ASC PROVIDES AN ALTERNATE LOCATION FOR PATIENTS REQUIRING ONE-DAY ORTHOPEDIC SURGERIES (SUCH AS HAND, WRIST, KNEE, AND SHOULDER), ENT SURGERIES, AS WELL AS PAIN MANAGEMENT SERVICES. THE SERVICES OFFERED BY ASC ARE DESIGNED TO COMPLEMENT THE BROADER RANGE OF INPATIENT AND OUTPATIENT SURGICAL SERVICES AVAILABLE AT LRGH. ALSO AT THE HILLSIDE MEDICAL PARK LOCATION IS APPROXIMATELY 29,000 SQUARE FEET OF SPACE, OWNED BY THE INSTITUTION, WHERE IT OPERATES A SLEEP LAB, OUTPATIENT REHABILITATION FOR THE LACONIA REGION, AN OCCUPATIONAL HEALTH PROGRAM, AND A PRIMARY CARE PHYSICIAN PRACTICE. THE LRGHEALTHCARE INTERLAKES MEDICAL CENTER CONSISTS OF 14,000 GROSS SQUARE FEET AND IS COMPRISED OF PHYSICIAN PRACTICE EXAMINATION ROOMS AND SHARED PROVIDER OFFICES, A CLINICAL LABORATORY, REHABILITATION SERVICES, AND MEDICAL IMAGING. THE FACILITY, LOCATED IN MEREDITH, IS APPROXIMATELY 10 MILES FROM THE LRGH CAMPUS. IN FULFILLING ITS MISSION AS A NOT-FOR-PROFIT COMMUNITY HEALTHCARE SYSTEM, THE INSTITUTION PROVIDES A SUBSTANTIAL LEVEL OF COMMUNITY BENEFITS AND CHARITY CARE. THE RESPONSIBILITY FOR THESE PROGRAMS AND SERVICES IS SHARED THROUGHOUT THE ORGANIZATION ON BOTH CAMPUSES. THE INSTITUTION'S GOAL IS TO MAKE QUALITY HEALTHCARE AVAILABLE, ACCESSIBLE, AND AFFORDABLE TO ALL, REGARDLESS OF ABILITY TO PAY.


LRGHEALTHCARE (THE INSTITUTION) IS A NEW HAMPSHIRE NOT-FOR-PROFIT CORPORATION THAT OWNS AND OPERATES TWO HOSPITALS AND THEIR AFFILIATED PROGRAMS AND SERVICES IN THE TWIN RIVERS AND LAKE WINNIPESAUKEE REGIONS OF NH APPROXIMATELY 90 MILES NORTH OF BOSTON, MA. THE INSTITUTION IS THE CORPORATE NAME FOR THE HEALTHCARE SYSTEM COMPRISED OF LAKES REGION GENERAL HOSPITAL (LRGH) AND FRANKLIN REGIONAL HOSPITAL (FRH). LRGH IS LOCATED IN LACONIA, NEW HAMPSHIRE. LRGH, DESIGNATED AS A RURAL REFERRAL CENTER AND SOLE COMMUNITY HOSPITAL UNDER MEDICARE, IS A COMMUNITY AND REGIONAL ACUTE CARE FACILITY WITH A LICENSED BED CAPACITY OF 137 BEDS. FRH, DESIGNATED AS A CRITICAL ACCESS HOSPITAL UNDER MEDICARE, IS A 35 BED COMMUNITY HOSPITAL SERVING THE GREATER FRANKLIN, NEW HAMPSHIRE COMMUNITY. ON JULY 1, 2002, LRGH MERGED WITH FRH TO BECOME LRGHEALTHCARE (THE INSTITUTION). THE INSTITUTION OFFERS A BROAD RANGE OF MEDICAL, SURGICAL, SPECIALTY AND SUB-SPECIALTY SERVICES TO ADULTS, CHILDREN, AND INFANTS. AS A COMMUNITY-BASED INSTITUTION, THE INSTITUTION OFFERS ALL THE INPATIENT SERVICES OF AN ACUTE CARE, COMMUNITY HOSPITAL SYSTEM. IN ADDITION, THE INSTITUTION OFFERS SPECIALTY SERVICES NOT COMMONLY FOUND IN COMPARABLE HOSPITALS, INCLUDING VASCULAR SURGERY AND SPECIALTY SERVICES IN ONCOLOGY AND NEPHROLOGY. TRADITIONAL SERVICES INCLUDE: MEDICAL, SURGICAL AND PEDIATRIC CARE, PSYCHIATRIC SERVICES, SKILLED NURSING CARE, INTENSIVE CARE, OBSTETRICS/GYNECOLOGY, CLINICAL LABORATORY SERVICES, NUTRITION SERVICES, PHARMACY SERVICES, RADIOLOGY SERVICES (INCLUDING CT, MRI, PET/CT AND NUCLEAR MEDICINE), REHABILITATION SERVICES (PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH THERAPY), CARDIOPULMONARY/RESPIRATORY SERVICES, PATIENT EDUCATION SERVICES, CHAPLAINCY, AND PATIENT/FAMILY (SOCIAL) SERVICES. LRGH ALSO HAS ESTABLISHED A PHYSICIAN HOSPITALIST PROGRAM AND INTENSIVISTS PROGRAM TO ACCEPT REFERRALS IN A MORE STREAMLINED FASHION AND FACILITATE EFFICIENCIES IN INPATIENT CARE. TOTAL ACUTE INPATIENT ADMISSIONS WERE 3,721 DURING FISCAL YEAR ENDING SEPTEMBER 30, 2020. THE INSTITUTION MAINTAINS SWING BEDS AT BOTH LRGH AND FRH. SWING BEDS ARE ACUTE CARE LICENSED BEDS THAT CAN BE USED AS NURSING HOME BEDS AND PROVIDE THE HOSPITALS WITH ADDITIONAL REIMBURSEMENT FOR THEIR SENIOR OR OTHER LONG-TERM PATIENTS. BOTH LRGH AND FRH ARE ELIGIBLE TO MAINTAIN SWING BEDS. TOTAL SWING BED ADMISSIONS WERE 231 DURING FISCAL YEAR ENDING SEPTEMBER 30, 2020. LRGH IS A STATE DESIGNATED LEVEL 3 TRAUMA CENTER. IN ADDITION TO ITS TWO HOSPITAL FACILITIES, THE INSTITUTION HAS OVER 25 OTHER SITES WHERE IT OPERATES OUTPATIENT AND AMBULATORY SERVICES. THE OUTPATIENT REGISTRATIONS WERE 245,964 IN FISCAL YEAR ENDING SEPTEMBER 30, 2020. THE MOST SIGNIFICANT FACILITIES INCLUDE: THE LACONIA CLINIC (THE CLINIC) IS A 26-PHYSICIAN PROVIDER-BASED DEPARTMENT (UNDER MEDICARE) OF LRGH LOCATED LESS THAN ONE MILE FROM THE MAIN LACONIA CAMPUS. THE CLINIC AND LRGH OPERATING AGREEMENTS BENEFIT THE COMMUNITY BY PRESERVING AND ENHANCING ACCESS TO A BROAD RANGE OF BENEFITS AND MEDICAL SERVICES. BOTH ENTITIES BELIEVE THAT THE CONCEPT HAS PROVIDED COMMUNITY BENEFITS AND EFFICIENCIES AND ALSO OFFERED OPPORTUNITIES TO MORE EFFECTIVELY ADVANCE QUALITY HEALTHCARE, INCLUDING OUTCOMES. THE MAJOR COMPONENTS OF THE CLINIC IN LACONIA, NH CONSIST OF A TWO OPERATING ROOM AMBULATORY SURGICAL CENTER AND ANCILLARY SERVICES INCLUDING LABORATORY, X-RAY, AND PHYSICAL THERAPY. THE LRGHEALTHCARE AMBULATORY SURGICAL CENTER (ASC) AT HILLSIDE MEDICAL PARK (WHICH IS APPROXIMATELY, 1.4 MILES FROM THE LRGH CAMPUS) IS 65% OWNED AND OPERATED BY LRGH. ASC PROVIDES AN ALTERNATE LOCATION FOR PATIENTS REQUIRING ONE-DAY ORTHOPEDIC SURGERIES (SUCH AS HAND, WRIST, KNEE, AND SHOULDER), ENT SURGERIES, AS WELL AS PAIN MANAGEMENT SERVICES. THE SERVICES OFFERED BY ASC ARE DESIGNED TO COMPLEMENT THE BROADER RANGE OF INPATIENT AND OUTPATIENT SURGICAL SERVICES AVAILABLE AT LRGH. ALSO AT THE HILLSIDE MEDICAL PARK LOCATION IS APPROXIMATELY 29,000 SQUARE FEET OF SPACE, OWNED BY THE INSTITUTION, WHERE IT OPERATES A SLEEP LAB, OUTPATIENT REHABILITATION FOR THE LACONIA REGION, AN OCCUPATIONAL HEALTH PROGRAM, AND A PRIMARY CARE PHYSICIAN PRACTICE. THE LRGHEALTHCARE INTERLAKES MEDICAL CENTER CONSISTS OF 14,000 GROSS SQUARE FEET AND IS COMPRISED OF PHYSICIAN PRACTICE EXAMINATION ROOMS AND SHARED PROVIDER OFFICES, A CLINICAL LABORATORY, REHABILITATION SERVICES, AND MEDICAL IMAGING. THE FACILITY, LOCATED IN MEREDITH, IS APPROXIMATELY 10 MILES FROM THE LRGH CAMPUS. IN FULFILLING ITS MISSION AS A NOT-FOR-PROFIT COMMUNITY HEALTHCARE SYSTEM, THE INSTITUTION PROVIDES A SUBSTANTIAL LEVEL OF COMMUNITY BENEFITS AND CHARITY CARE. THE RESPONSIBILITY FOR THESE PROGRAMS AND SERVICES IS SHARED THROUGHOUT THE ORGANIZATION ON BOTH CAMPUSES. THE INSTITUTION'S GOAL IS TO MAKE QUALITY HEALTHCARE AVAILABLE, ACCESSIBLE, AND AFFORDABLE TO ALL, REGARDLESS OF ABILITY TO PAY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Orthopedic Professional Associates
Health Services
$6,859,985
Ent Associates Of Nh Pa
Health Services
$3,829,000
Lakes Region Anesthesiology Pa
Professional Services
$4,954,142
Asquam Community Health Collaborative
It Services
$10,214,734
Ent Associates Of Nh Pa
Health Services
$3,829,000
Orthopedic Professional Associates
Health Services
$6,859,985
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$17,680,071
Investment income $142,937
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $30,159
Net Gain/Loss on Asset Sales -$166,545
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $184,765,489

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lrghealthcare has recieved totaling $11,300.

Awarding OrganizationAmount
New Hampshire Charitable Foundation

Concord, NH

PURPOSE: For a designated distribution

$11,300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,340,731
Net Contributions$1,293,806
Other Expense$7,227,049
Ending Balance$8,407,488

Peer Organizations

Organization NameAssets
Eastern Maine Medical Center
Bangor, ME
$940,831,284
Southcoast Hospitals Group Inc
New Bedford, MA
$959,620,935
Winchester Hospital
Winchester, MA
$324,184,704
Lrghealthcare
Manchester, NH
$184,765,489
The Aroostook Medical Center
Presque Isle, ME
$151,749,545
Somerville Hospital
Malden, MA
$117,584,400
Riverside Community Care Inc
Dedham, MA
$95,150,404
Inland Hospital
Waterville, ME
$73,359,416
Northern Maine Medical Center
Fort Kent, ME
$71,628,259
Concord Hospital - Laconia
Concord, NH
$53,154,882
Acadia Hospital Corp
Brewer, ME
$62,873,016
Mrh Corp
Brewer, ME
$60,251,570

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