Memorial Hermann Pharmacy Services Llc

Organization Overview

Memorial Hermann Pharmacy Services Llc is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (E60) the organization is classified as: Health Support, 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. Memorial Hermann Pharmacy Services Llc 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 06/2021, Memorial Hermann Pharmacy Services Llc generated $92.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $90.5m during the year ending 06/2021. While expenses have increased by 38.1% per year over the past 3 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

MEMORIAL HERMANN HEALTH SYSTEM IS A NONPROFIT, VALUES-DRIVEN, COMMUNITY-OWNED HEALTH SYSTEM DEDICATED TO IMPROVING HEALTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMORIAL HERMANN PRIDES ITSELF IN OFFERING PHARMACY SERVICES TO IT'S HOSPITALS ON THE LEADING EDGE OF TECHNOLOGY, EXTENSIVE CLINICAL PROGRAMS, SHARED SYSTEM FORMULARY, WITH INTERDISCIPLINARY COLLABORATION UTILIZING SEVERAL INNOVATIVE PHARMACY PRACTICE MODELS. THE PHARMACY ESTIMATES THAT 95% OF THE INDIVIDUALS RECEIVING SERVICES WILL BE FILLING PRESCRIPTIONS (WHETHER INITIAL OR REFILL) RECEIVED IN CONNECTION WITH CARE PROVIDED AS A PATIENT OF ONE OF MEMORIAL HERMANN'S SECTION 501(C)(3) HOSPITALS. WHILE THERE MAY BE SOME INCIDENTAL SALES TO THE GENERAL PUBLIC, THE PHARMACY'S PURPOSE, AND SUBSTANTIALLY ALL OF ITS ACTIVITIES, IS DIRECTED AT ADDRESSING THE PHARMACEUTICAL NEEDS OF PATIENTS OF THE MEMORIAL HERMANN 501(C)(3) HOSPITALS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wellsky Corporation
Contract Services
$119,826
Prohealth Pharmacy Solutions Inc
Contract Services
$1,031,130
View All Vendors

Financial Statements

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$92,524,502
Investment income $17,294
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $92,541,796

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