Montefiore Medical Center is located in Bronx, NY. The organization was established in 1938. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Montefiore Medical Center employed 20,667 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Montefiore Medical Center generated $4.2b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.2b during the year ending 12/2019. While expenses have increased by 4.2% per year over the past 5 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.
Since 2014, Montefiore Medical Center has awarded 285 individual grants totaling $229,952,577. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE DOING MORE - IT'S HOW WE CREATED OUR HISTORY OF FIRSTS. IT'S WHY WE DEVELOPED THE WORLD'S FIRST TRANSVENOUS CARDIAC PACEMAKER AND PERFORMED THE WORLD'S FIRST CORONARY BYPASS. DOING MORE PUT US AT THE FOREFRONT OF TREATING CANCER WITH HIGHLY TARGETED THERAPIES. IT MADE US ONE OF ONLY A FEW HOSPITALS IN THE U.S. PERFORMING SURGERIES ON BABIES BEFORE THEY'RE BORN. IT BUILT ONE OF THE MOST ACTIVE AND SUCCESSFUL TRANSPLANT CENTERS IN THE COUNTRY. DOING MORE - IT'S HOW WE ARE CREATING THE FUTURE OF HEALTHCARE. ESTABLISHED IN 1884 AS A HOSPITAL FOR PATIENTS WITH CHRONIC ILLNESSES, MONTEFIORE IS A FULL-SERVICE INTEGRATED HEALTHCARE DELIVERY SYSTEM SERVING A LARGE AND COMPLEX URBAN POPULATION, A DISTINGUISHED ACADEMIC MEDICAL CENTER WITH RENOWNED FACULTY, AN INNOVATIVE RESEARCH CENTER PIONEERING SCIENTIFIC BREAKTHROUGHS AND MEDICAL "FIRSTSAN EXCEPTIONALLY DEDICATED COMMUNITY PARTNER WITH AN UNPARALLELED ROSTER OF INNOVATIVE PROGRAMS AND SERVICES THAT ADDRESS NEEDS RANGING FAR BEYOND MEDICAL CARE. MONTEFIORE'S MISSION IS TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. TO THIS MISSION MONTEFIORE BRINGS A UNIQUE SYNERGY OF STRENGTHS AND RESOURCES. THE MONTEFIORE DELIVERY SYSTEM OFFERS A FULL RANGE OF HEALTHCARE SERVICES (PREVENTIVE, PRIMARY, SPECIALTY, ACUTE AND POST ACUTE) TO THE NEARLY 2 MILLION RESIDENTS OF THE BRONX, NEW YORK AND NEARBY WESTCHESTER COUNTY. MONTEFIORE ALSO SERVES AS A TERTIARY CARE REFERRAL CENTER FOR PATIENTS ACROSS THE METROPOLITAN AREA, THE NATION AND THE WORLD, AND IS KNOWN FOR ADVANCED CARE IN NUMEROUS SPECIALTIES, INCLUDING CARDIOLOGY AND CARDIAC SURGERY, CANCER CARE, CHILDREN'S HEALTH, TISSUE AND ORGAN TRANSPLANTATION, WOMEN'S HEALTH, SURGERY AND SURGICAL SUBSPECIALTIES. MONTEFIORE COMBINES ITS DEEP COMMITMENT TO THE COMMUNITY WITH NATIONALLY-RENOWNED EXPERTISE TO REACH PEOPLE AT CONVENIENT LOCATIONS. THROUGH THE MONTEFIORE SCHOOL HEALTH PROGRAM (THE LARGEST AND MOST COMPREHENSIVE SCHOOL-BASED HEALTH PROGRAM IN THE COUNTRY), PRIMARY CARE AT HOME PROGRAMS, MOBILE MEDICAL AND DENTAL HEALTH VANS AND HEALTH EDUCATION INITIATIVES, MONTEFIORE PROVIDES PRIMARY CARE SERVICES IN NON-TRADITIONAL SETTINGS. MONTEFIORE IS INCREASINGLY RECOGNIZED FOR SUCCESS IN DELIVERING HIGH-QUALITY CARE TO A LARGE URBAN COMMUNITY, HARNESSING THE POWER OF HEALTH INFORMATION TECHNOLOGY AND USING CARE MANAGEMENT TOOLS TO IMPROVE QUALITY, SAFETY AND OUTCOMES WHILE CONTROLLING COSTS. TO HELP PATIENTS, ESPECIALLY THOSE WITH CHRONIC DISEASES, ACHIEVE A BETTER QUALITY OF LIFE AND REDUCED HOSPITALIZATIONS, MONTEFIORE GOES BEYOND THE FRAGMENTED FEE-FOR-SERVICE PAYMENT SYSTEM, ASSUMING TOTAL RESPONSIBILITY FOR THE QUALITY AND COSTS OF CARE FOR SOME OF ITS SICKEST PATIENTS. THROUGH THE MONTEFIORE IPA, INC. (MIPA), THE CARE MANAGEMENT COMPANY, LLC (CMO) AND BRONX ACCOUNTABLE HEALTHCARE NETWORK IPA, INC., DBA MONTEFIORE ACCOUNTABLE CARE ORGANIZATION IPA (ACO), A GLOBAL PREPAYMENT STRATEGY IS USED TO MANAGE CARE OVER THE CONTINUUM, INCLUDING HOSPITAL CARE, REHABILITATION, OUTPATIENT CARE, PROFESSIONAL SERVICES, REMOTE PATIENT MONITORING AND OTHER PROGRAMS. THE CMO AND ACO TAKES A PROACTIVE APPROACH TO CARE MANAGEMENT BY DEVELOPING STRATEGIES THAT HELP IMPROVE INTEGRATED, ACCOUNTABLE AND AFFORDABLE CARE THROUGHOUT THE HEALTH SYSTEM WITH THE OBJECTIVE OF REDUCING EXPENSIVE HOSPITAL BASED CARE. OUR APPROACH TO CARE MANAGEMENT STRESSES THE IMPORTANCE OF EARLY IDENTIFICATION OF PATIENTS AT RISK WORKING WITH A COLLABORATIVE, INTERDISCIPLINARY TEAM TO DEVELOP AND OVERSEE INDIVIDUALIZED CARE PLANS AND PROMOTE PATIENT SELF-MONITORING AND EDUCATION. OUR STRATEGY EMPHASIZES THE INTERACTION AND COMMUNICATION AMONG PATIENTS, HEALTHCARE PROVIDERS, CASE MANAGERS, MENTAL HEALTH AGENCIES AND OTHER ALLIED HEALTH PROFESSIONALS ALONG WITH PROGRAMS PROVIDED TO REINFORCE HEALTH EDUCATION, PROMOTE COMPLIANCE WITH TREATMENT AND PREVENTATIVE CARE GUILDLINES, MONITOR HEALTH STATUS, AND PROMOTE TIMELY INTERVENTION WHEN NEEDED. OUR CARE MANAGEMENT PROGRAMS ARE DEVELOPED TO ANTICIPATE AN INDIVIDUAL'S HEALTHCARE NEEDS, TO PROVIDE AND COORDINATE THE SCOPE OF NECESSARY HEALTH SERVICES AND TO INVOLVE THE PATIENT IN ESTABLISHING GOALS AND INDIVIDUAL CARE PLANS. AT THE CENTER OF THE MEDICAL SYSTEM ARE SIX MAIN CAMPUSES WITH A TOTAL OF 1,558 LICENSED BEDS THAT PROVIDE OVER 91,000 INPATIENT ADMISSIONS ANNUALLY, INCLUDING OVER 4,300 BIRTHS AND MULTIPLE AMBULATORY SERVICES: - THE 680 BED HENRY AND LUCY MOSES DIVISION; - THE 421 BED JACK D. WEILER HOSPITAL OF ALBERT EINSTEIN COLLEGE OF MEDICINE; - THE 136 BED CHILDREN'S HOSPITAL AT MONTEFIORE, RECOGNIZED AS ONE OF "AMERICA'S BEST CHILDREN'S HOSPITALS" IN U.S. NEWS & WORLD REPORT'S RANKINGS; - THE 321 BED WAKEFIELD DIVISION (FORMERLY THE NORTH DIVISION RENAMED TO REFLECT ITS ANCHOR ROLE IN THE COMMUNITY); - MONTEFIORE WESTCHESTER SQUARE (THE FORMER NEW YORK WESTCHESTER SQUARE HOSPITAL) OPERATING AS A FREE STANDING EMERGENCY DEPARTMENT AND AMBULATORY SURGERY FACILITY; - THE MONTEFIORE HUTCHINSON CAMPUS - THE INNOVATIVE "HOSPITAL WITHOUT BEDS" PROVIDING WORLD-CLASS TREATMENT WITH THE LATEST TECHNOLOGY AND THE BEST OF MULTIDISCIPLINARY APPROACH TO CARE, ENABLING PATIENTS TO BE TREATED EFFECTIVELY AND SAFELY WITHOUT BEING HOSPITALIZED. MONTEFIORE ALSO OPERATES EXTENSIVE AMBULATORY CARE SERVICES CONNECTED BY A ROBUST HEALTH INFORMATION TECHNOLOGY SYSTEM THROUGH A NETWORK OF MORE THAN 175 LOCATIONS - FROM COMMUNITY-BASED AMBULATORY CARE CENTERS TO SCHOOL-BASED HEALTH CENTERS TO MOBILE CLINICS: - MONTEFIORE'S EMERGENCY DEPARTMENTS, AMONG THE BUSIEST IN THE NATION, TREATS MORE THAN 320,000 PATIENTS ANNUALLY; - THE HOSPITAL BASED CLINICS PROVIDES OVER 469,000 VISITS A YEAR; - THE PHYSICIAN PRACTICES PROVIDES MORE THAN 1.5 MILLION OFFICE VISITS ANNUALLY; - MONTEFIORE MEDICAL GROUP, A NETWORK WITH OVER 350 DISTINGUISHED PHYSICIANS AT MORE THAN 20 COMMUNITY BASED LOCATIONS THROUGHOUT THE BRONX AND WESTCHESTER, PROVIDES OVER 900,000 VISITS A YEAR; - MONTEFIORE HOME CARE PROGRAM PROVIDES OVER 205,000 VISITS EACH YEAR TO HOMEBOUND PATIENTS; - THE MONTEFIORE SCHOOL HEALTH PROGRAM, THE LARGEST IN THE NATION, WITH 31 SCHOOL-BASED HEALTH CENTERS SERVES MORE THAN 22,600 CHILDREN ANNUALLY; - THE MONTEFIORE SUBSTANCE ABUSE AND TREATMENT PROGRAM OPERATING 11 SITE SUBSTANCE ABUSE TREATMENT PROGRAMS OFFERS DRUG TREATMENT AND REHABILITATION SERVICES AND COMPREHENSIVE PRIMARY CARE TO A POPULATION OF 4,500 RECOVERING ABUSERS IN COMMUNITIES ACROSS THE BRONX; - TARGETED OUTREACH SERVICES TO AT-RISK POPULATIONS INCLUDING PROGRAMS SERVING THE HOMELESS AND VICTIMS OF DOMESTIC VIOLENCE, MOTHERS AT RISK OF PREMATURE BIRTH, AS WELL AS SERVICES TO HOMEBOUND AND/OR FRAGILE SENIORS IN COMMUNITY-BASED SETTINGS THROUGHOUT THE BRONX. AT THE INTERSECTION OF ALBERT EINSTEIN COLLEGE OF MEDICINE AND MONTEFIORE ARE CENTERS OF EXCELLENCE IN CANCER CARE, CARDIOVASCULAR SERVICES, THE CHILDREN'S HOSPITAL, TRANSPLANTATION AND NEUROSCIENCES. IN THESE CENTERS, RENOWNED INVESTIGATORS AND MULTIDISCIPLINARY CLINICAL TEAMS COLLABORATE TO DEVELOP AND DELIVER THE ADVANCED, INNOVATIVE CARE AVAILABLE ONLY AT PREMIER ACADEMIC MEDICAL CENTERS AND THE SEAMLESS CONTINUUM OF SERVICES THAT ENSURES AN IDEAL PATIENT EXPERIENCE. MONTEFIORE MEDICAL CENTER IS GUIDED BY A MISSION TO PROVIDE HIGH QUALITY CARE FOR ALL ITS PATIENTS, INCLUDING THOSE IN OUR SERVICE AREA WHO LACK HEALTH INSURANCE COVERAGE AND WHO CANNOT PAY FOR ALL OR PART OF THE ESSENTIAL CARE THEY RECEIVE. THE MEDICAL CENTER IS COMMITTED TO MAINTAINING CHARITY CARE POLICIES THAT ARE CONSISTENT WITH ITS MISSION AND VALUES OF ADVANCING THE HEALTH OF THE COMMUNITIES THAT IT SERVES IN PROVIDING ONE STANDARD OF EXCELLENT CARE TO ALL PATIENTS REGARDLESS OF THEIR BACKGROUND OR ABILITY TO PAY. FOR MORE THAN 100 YEARS, MONTEFIORE HAS BEEN A LEADER IN INNOVATIONS, NEW TREATMENTS, NEW PROCEDURES AND NEW APPROACHES TO PATIENT CARE THAT HAS PRODUCED STELLAR OUTCOMES AND HELPED TO RAISE THE BAR FOR MEDICAL CENTERS IN THE REGION AND NATIONALLY. AS MONTEFIORE BUILDS ON THIS MOMENTUM AND THESE ACCOMPLISHMENTS, WE CONTINUE TO STRIVE TO ADVANCE THE PRACTICE OF MEDICINE AND SET THE STANDARDS FOR EXCELLENCE.
MEDICAL EDUCATION & RESEARCH MEDICAL EDUCATION MONTEFIORE IS THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE, ONE OF THE NATION'S PREMIER INSTITUTIONS FOR MEDICAL EDUCATION, BASIC RESEARCH AND CLINICAL INVESTIGATIONS. THIS STRONG ALIGNMENT ENABLES MONTEFIORE TO ADVANCE CLINICAL AND TRANSLATIONAL RESEARCH RESULTS MORE RAPIDLY TO THE BEDSIDE AND TO THE MEDICAL COMMUNITY, AND EDUCATE THE NEXT GENERATION OF PHYSICIANS, HEALTHCARE LEADERS AND INVESTIGATORS. IN PLACE ARE EXTENSIVE TRAINING PROGRAMS FOR MEDICAL STUDENTS, RESIDENTS AND FELLOWS. ANNUALLY, OVER 1,400 RESIDENTS AND FELLOWS ARE TRAINED IN MORE THAN 106 ACCREDITED RESIDENCY AND FELLOWSHIP PROGRAMS MAKING MONTEFIORE THE SECOND LARGEST RESIDENCY PROGRAM IN THE COUNTRY. MONTEFIORE AND EINSTEIN'S PARTNERSHIP PROVIDES RESIDENTS AND FELLOWS WITH AN EXCEPTIONAL ENVIRONMENT FOR RESEARCH TRAINING AND PARTICIPATION IN BASIC, TRANSLATIONAL AND CLINICAL ACTIVITIES. MONTEFIORE PROVIDES THE DOCTORS OF TOMORROW A UNIQUE OPPORTUNITY FOR EDUCATION AND TRAINING IN ONE OF THE MOST DIVERSE URBAN AREAS IN THE COUNTRY CARING FOR A GLOBAL POPULATION WHERE THE DISEASE BURDEN IS HIGH AND THE NEED FOR QUALITY CARE IS GREAT. MONTEFIORE IS DEDICATED TO CULTIVATING THE ETHICAL AND PROFESSIONAL DEVELOPMENT OF ALL OF ITS TRAINEES. MONTEFIORE'S PHYSICIANS ARE AT THE FOREFRONT OF THEIR FIELDS, ACTIVELY MENTORING AND CULTIVATING A NEW GENERATION OF PHYSICIANS AND SCIENTISTS COMMITTED TO OUR MISSION AND VALUES OF ADVANCING THE FRONT LINE OF HEALTH AND LEADING THE WAY IN TWENTY-FIRST CENTURY MEDICINE AND PATIENT CARE. MONTEFIORE TRAINING EXPERIENCE - CLINICALLY ADVANCED AND GROUNDED IN OUR ORGANIZATIONAL VALUES OF HUMANITY, INNOVATION, TEAMWORK AND EQUITY - EXTENDS TO ALL DISCIPLINES. IN 2019, OVER 1,750 UNDERGRADUATE AND GRADUATE NURSING STAFF TRAINED AT MONTEFIORE AS DID HUNDREDS OF SOCIAL WORKERS, NUTRITIONISTS AND PHARMACISTS. MONTEFIORE TRAINING ALSO EXTENDS BEYOND THE GRADUATE LEVEL. THE CENTER FOR CONTINUING MEDICAL EDUCATION (CCME) AT MONTEFIORE MEDICAL CENTER AND ALBERT EINSTEIN COLLEGE OF MEDICINE, FOUNDED IN 1976, IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME). THE CENTER HAS PROVIDED HUNDREDS OF CME ACTIVITIES AND CME CREDITS TO THOUSANDS OF PRACTITIONERS. RECOGNIZING THE VITAL IMPORTANCE OF DEVELOPING AND EMBRACING INNOVATIVE TECHNIQUES AND TREATMENTS, MONTEFIORE IS COMMITTED TO THE UTILIZATION OF RESOURCES FOR THE ADVANCEMENT OF PHYSICIANS' EDUCATION AND DELIVERY OF CARE. RESEARCH MONTEFIORE'S LARGE BIOMEDICAL AND CLINICAL RESEARCH INITIATIVES INCLUDE INQUIRY INTO A RANGE OF MEDICAL AND HEALTH CARE DELIVERY ISSUES, INCLUDING BASIC RESEARCH INTO THE FUNDAMENTAL PROCESS OF DISEASE AND ITS TREATMENT IN HUMANS, CLINICAL TRIALS AND RELATED CLINICAL RESEARCH AND RESEARCH INTO THE ORGANIZATION AND MANAGEMENT OF HEALTH CARE SERVICES. MONTEFIORE IS AMONG 38 ACADEMIC MEDICAL CENTERS NATIONWIDE, AT THAT TIME, TO BE AWARDED THE PRESTIGIOUS CLINICAL AND TRANSLATIONAL SCIENCE AWARD (CTSA) BY THE NATIONAL INSTITUTES OF HEALTH (NIH). THE NATIONAL INSTITUTES OF HEALTH, ALONG WITH OTHER FEDERAL, STATE AND OTHER FUNDING, SUPPORTS RESEARCH IN SUCH AREAS AS AIDS, ONCOLOGY, PEDIATRICS, ANESTHESIOLOGY, EMERGENCY MEDICINE, NEUROLOGY, PATHOLOGY, SOCIAL MEDICINE AND OTHER CLINICAL PROGRAMS. MONTEFIORE AND EINSTEIN ARE ALIGNED AROUND SHARED GOALS, WITH SPECIAL EMPHASIS ON ADVANCING CLINICAL AND TRANSLATIONAL RESEARCH TO ACCELERATE THE PACE AT WHICH NEW DISCOVERIES BECOME THE TREATMENTS AND THERAPIES OF TODAY. SINCE 1963, MONTEFIORE HAS SERVED AS THE UNIVERSITY HOSPITAL OF ALBERT EINSTEIN COLLEGE OF MEDICINE (EINSTEIN), A POWERFUL COLLABORATION BETWEEN TWO OF THE NATION'S PREEMINENT MEDICAL INSTITUTIONS THAT FOSTERS THE CREATION OF KNOWLEDGE BY ATTRACTING WORLD-RENOWNED LEADERS IN THEIR FIELDS AND PROMOTING OPPORTUNITIES FOR BASIC TRANSLATIONAL AND CLINICAL RESEARCH. THIS BOND WAS STRENGTHEN FURTHER BY THE SEPTEMBER 9, 2015 AGREEMENT WITH YESHIVA UNIVERSITY WHERE MONTEFIORE ASSUMED OPERATIONAL AND FINANCIAL CONTROL OF THE ALBERT EINSTEIN COLLEGE OF MEDICINE AND, MORE RECENTLY, WHEN MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC., THE PARENT ORGANIZATION OF THE MONTEFIORE HEALTH SYSTEM, INC., BECAME THE SOLE MEMBER OF THE COLLEGE. MONTEFIORE AND EINSTEIN TOGETHER HAVE SUCCESSFULLY COLLABORATED TO SECURE A NATIONAL INSTITUTE OF HEALTH FUNDED $22.5 MILLION CLINICAL AND TRANSLATIONAL SCIENCE AWARD TO CREATE A RESEARCH INFRASTRUCTURE TO SUPPORT AND PROMOTE CLINICAL AND TRANSLATIONAL RESEARCH. MONTEFIORE RESEARCHERS ARE CURRENTLY INVOLVED IN MORE THAN 400 CLINICAL TRIALS AND RESEARCH STUDIES, HELPING TO TRANSLATE SCIENTIFIC BREAKTHROUGHS INTO CUTTING EDGE DIAGNOSTICS AND INNOVATIVE TREATMENTS.
COMMUNITY SERVICES SERVICES TO THE COMMUNITY ARE AN EXPLICIT AND ESSENTIAL COMPONENT OF MONTEFIORE'S MISSION AND ONE OF ITS MOST VALUED TRADITIONS. THE MEDICAL CENTER HAS A LONG HISTORY OF REACHING BEYOND THE WALLS OF ITS HOSPITALS TO IDENTIFY AND MEET THE NEEDS OF ITS COMMUNITY AND HAS BEEN A NATIONAL LEADER IN ORGANIZING AND EXPANDING COMMUNITY-BASED SERVICES. MONTEFIORE'S COMMITMENT TO THE COMMUNITY HAS REQUIRED A MULTIFACETED, CONTINUALLY EVOLVING RESPONSE, IN WHICH THE UNIQUE CAPACITIES OF THE ACADEMIC MEDICAL CENTER ARE MOBILIZED TO IMPROVE THE LIVES OF THE PEOPLE AND THE COMMUNITIES SERVED-NOT JUST MEDICALLY, BUT SOCIALLY, ECONOMICALLY AND ENVIRONMENTALLY, WHEREVER AND WHENEVER RESOURCES CAN MAKE A DIFFERENCE. THE MEDICAL CENTER HAS MAINTAINED AND EXPANDED ITS RANGE OF COMMUNITY SERVICES, REACHING OUT TO AND SERVING UN-MET HEALTH NEEDS, INCLUDING THOSE WITH POOR ACCESS TO COMPREHENSIVE PRIMARY CARE, AT-RISK AND HARD TO REACH CHILDREN AND THEIR FAMILIES, UNDERSERVED AND AT-RISK SENIOR CITIZENS, THOSE AFFECTED BY CANCER, THOSE AFFECTED BY THE CONTINUING HIV EPIDEMIC IN THE BRONX, PERSONS WITH OR AT-RISK FOR TUBERCULOSIS INFECTION, PERSONS AFFECTED WITH PROBLEMS OF SUBSTANCE ABUSE, THE HOMELESS, ADULTS AND CHILDREN WITH LIMITED ACCESS TO PRIMARY DENTAL CARE AND THOSE AFFECTED BY CHRONIC HEALTH CARE DISEASES SUCH AS CONGESTIVE HEART FAILURE, DIABETES AND ASTHMA. EMBRACING ITS SOCIAL RESPONSIBILITY TO THE COMMUNITY, MONTEFIORE IS NATIONALLY KNOWN AS A PIONEER IN PROGRAMS THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITY. MONTEFIORE HAS BEEN IN THE VANGUARD OF INTERVENTION TO COMBAT SUCH CONDITIONS AS HIV DISEASE, TUBERCULOSIS AND LEAD POISONING PREVENTION. MONTEFIORE HAS SHARPENED THE FOCUS ON SUCH ISSUES AS CHILDHOOD OBESITY, DIABETES, IMPROVING COMMUNITY ACCESS TO FRESH, HEALTHY FOODS AT GREEN MARKETS AND REDUCING HEALTHCARE DISPARITIES. MONTEFIORE IS ALIGNING COMPONENTS OF THE DELIVERY SYSTEM TO HELP IMPROVE PUBLIC OUTCOMES AND BUILDING BEHAVIORAL AND POPULATION-BASED RESEARCH TO IDENTIFY BEST PRACTICES. THE COMMUNITY SERVED BY MONTEFIORE, BY SEVERAL MEASURES, FACES MANY CHALLENGES. IT IS RANKED THE POOREST URBAN COUNTY IN THE COUNTRY, LEADS THE NATION IN RATES OF DIABETES AND OBESITY AND OTHER CHRONIC CONDITIONS AND LEADS NEW YORK CITY IN A HOST OF SIGNIFICANT MARKERS: PEOPLE IN "FAIR OR POOR HEALTH", LOW BIRTH WEIGHT, TEEN PREGNANCY, CHILDREN IN POVERTY, DISABLED INDIVIDUALS AND FAMILIES LIVING BELOW THE POVERTY LINE. MONTEFIORE IS CONTINUOUSLY WORKING TO HELP THE COMMUNITY MAINTAIN A SENSE OF SECURITY AND ECONOMIC STABILITY, AS WELL AS TO IMPROVE SUCH QUALITY-OF-LIFE FUNDAMENTALS AS EDUCATION AND AFFORDABLE HOUSING. MONTEFIORE SEEKS TO ADVANCE LIFE IN THE BRONX BEYOND THE TRADITIONAL BOUNDS OF HEALTHCARE, BY LEADING DEVELOPMENT EFFORTS, PROMOTING SAFE AND PRODUCTIVE NEIGHBORHOODS AND TAKING A LEADERSHIP ROLE IN COMMUNITY BUSINESS DEVELOPMENT. MONTEFIORE IS AN ADVOCATE AND PARTNER WITH OUR NEIGHBORS IN THE BRONX, HELPING TO SUSTAIN THE COMMUNITY THAT SUSTAINS US.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Michler MD Chair-Surg/cardiothoracic Surg | 60 | $3,869,857 | |
Emad Eskandar Chair-Neurological Surgery | 60 | $2,189,959 | |
Richard Kraut DDS Chairman-Dentistry | 60 | $1,867,276 | |
Joseph DE Rose MD Dir Min Invasive/robotic Surg | 60 | $1,557,133 | |
Daniel Goldstein MD Vice Chair-Cardiothoracic Surg | 60 | $1,529,089 | |
Philip O Ozuah MD President & CEO (eff 11/15/19) | OfficerTrustee | 40.8 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Quik Park Hospital Llc Parking Services | 12/30/19 | $6,811,094 |
Quest Diagnostics Outside Lab Services | 12/30/19 | $12,779,039 |
Fastaff Llc Temporary Nurses | 12/30/19 | $29,935,995 |
Epic Systems Corporation System Conversion | 12/30/19 | $11,090,237 |
Onx Usa Llc It Consulting | 12/30/19 | $11,012,129 |
Statement of Revenue | |
---|---|
Federated campaigns | $70,830 |
Membership dues | $0 |
Fundraising events | $2,246,148 |
Related organizations | $48,250 |
Government grants | $42,025,108 |
All other contributions, gifts, grants, and similar amounts not included above | $30,075,788 |
Noncash contributions included in lines 1a–1f | $2,947,565 |
Total Revenue from Contributions, Gifts, Grants & Similar | $74,466,124 |
Total Program Service Revenue | $4,008,713,728 |
Investment income | $46,719,556 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$101,543 |
Net Gain/Loss on Asset Sales | $47,997,464 |
Net Income from Fundraising Events | -$318,720 |
Net Income from Gaming Activities | $19,475 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,196,735,035 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,936,880 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $59,855 |
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 | $456,317 |
Other salaries and wages | $1,950,047,763 |
Pension plan accruals and contributions | $174,235,957 |
Other employee benefits | $293,923,837 |
Payroll taxes | $136,441,771 |
Fees for services: Management | $1,357,605 |
Fees for services: Legal | $9,810,062 |
Fees for services: Accounting | $918,189 |
Fees for services: Lobbying | $519,452 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,199,985 |
Fees for services: Other | $167,392,413 |
Advertising and promotion | $15,174,567 |
Office expenses | $154,009,431 |
Information technology | $193,035,797 |
Royalties | $0 |
Occupancy | $191,364,249 |
Travel | $11,911,786 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,615,783 |
Interest | $11,833,789 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $148,544,625 |
Insurance | $68,959,651 |
All other expenses | $18,500,915 |
Total functional expenses | $4,157,936,641 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $113,512 |
Savings and temporary cash investments | $404,056,808 |
Pledges and grants receivable | $27,413,749 |
Accounts receivable, net | $321,380,649 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $219,966,223 |
Inventories for sale or use | $36,959,868 |
Prepaid expenses and deferred charges | $35,977,319 |
Net Land, buildings, and equipment | $1,142,844,676 |
Investments—publicly traded securities | $1,136,903,800 |
Investments—other securities | $294,425,436 |
Investments—program-related | $12,247,368 |
Intangible assets | $430,000 |
Other assets | $903,058,027 |
Total assets | $4,535,777,435 |
Accounts payable and accrued expenses | $632,718,286 |
Grants payable | $0 |
Deferred revenue | $111,361,511 |
Tax-exempt bond liabilities | $467,982,759 |
Escrow or custodial account liability | $141,460 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,148,807,459 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,448,901,692 |
Total liabilities | $3,809,913,167 |
Net assets without donor restrictions | $625,338,447 |
Net assets with donor restrictions | $100,525,821 |
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 | $4,535,777,435 |
Over the last fiscal year, Montefiore Medical Center has awarded $62,968,598 in support to 60 organizations.
Grant Recipient | Amount |
---|---|
Bronx, NY PURPOSE: operating subsidies | $60,000,000 |
White Plains, NY PURPOSE: Contributions | $1,156,417 |
NEW YORK CITY HEALTH & HOSPITALS CORP PURPOSE: GRANT SUBRECIPIENT | $379,157 |
Bronx, NY PURPOSE: GRANT SUBRECIPIENT | $168,453 |
Washington, DC PURPOSE: SPONSORSHIP | $100,000 |
Memphis, TN PURPOSE: Grant Subrecipient | $79,319 |
Over the last fiscal year, we have identified 20 grants that Montefiore Medical Center has recieved totaling $6,604,607.
Awarding Organization | Amount |
---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $2,498,794 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $2,498,794 |
Jewish Communal Fund New York, NY PURPOSE: General support | $367,786 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $336,964 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $336,964 |
Green Charitable Foundation Inc New York, NY PURPOSE: GENERAL | $100,000 |
Beg. Balance | $26,473,515 |
Earnings | $2,350,759 |
Net Contributions | $18,250 |
Ending Balance | $28,842,524 |
Organization Name | Assets | Revenue |
---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $257,027,660 | $1,088,662,930 |
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
St Lukes Hospital Allentown, PA | $2,817,061,751 | $982,677,854 |
Abington Memorial Hospital Philadelphia, PA | $957,526,497 | $866,047,638 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $812,689,177 | $973,479,342 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,525,942,190 | $973,165,902 |
Newyork-Presbyterian-Queens Flushing, NY | $712,392,894 | $841,266,953 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,963,582,802 | $962,946,513 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
St Francis Hospital United States Catholic Conference Roslyn, NY | $1,306,003,016 | $868,766,076 |
Rwj Barnabas Health Inc Livingston, NJ | $1,606,957,926 | $871,885,801 |
Valley Hospital Inc Ridgewood, NJ | $1,846,770,409 | $860,142,109 |