Olmsted Medical Center

Organization Overview

Olmsted Medical Center is located in Rochester, MN. The organization was established in 1993. 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 12/2021, Olmsted Medical Center employed 1,608 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olmsted Medical Center 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, Olmsted Medical Center generated $259.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $244.0m during the year ending 12/2021. While expenses have increased by 4.5% 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE DELIVERY OF EXCEPTIONAL PATIENT CARE FOCUSING ON CARING, QUALITY, SAFETY, AND SERVICE.

Describe the Organization's Program Activity:

PERSONAL APPROACH TO CARE THROUGH MORE THAN 25 SPECIALTIES. ALL OF OUR SPECIALTY SERVICES COMPLIMENT PRIMARY CARE AND OFFER PATIENTS GREATER CONVENIENCE AND PEACE OF MIND. WE CONTINUE TO WORK TO POSITION OMC AS A PREFERRED HEALTHCARE PROVIDER FOR PRIMARY AND SECONDARY CARE AMONG SOUTHEASTERN MINNESOTA RESIDENTS. OMC'S 193 CLINICIANS AND 1,000 HEALTHCARE PROFESSIONALS SERVE AT 25 LOCATIONS, INCLUDING PHYSICAL/OCCUPATIONAL THERAPY, TWO MULTI-SPECIALTY CLINICS, SPORTS MEDICINE FACILITIES, A LEVEL IV TRAUMA HOSPITAL WITH 24-HOUR EMERGENCY ROOM AND BIRTHCENTER, A WALK-IN FASTCARE RETAIL CLINIC, A SKYWAY CLINIC IN DOWNTOWN ROCHESTER, AND 11 COMMUNITY BRANCH CLINICS. IN 2021, OMC HAD 330,138 PATIENT VISITS SERVING 78,200 UNIQUE PATIENTS. THE HOSPITAL PROVIDED CARE FOR 2,984 PATIENT ADMISSIONS RESULTING IN 7,144 PATIENT DAYS INCLUDING 921 BIRTHS.


OMC WELCOMES ITS MANY OPPORTUNITIES TO BE AN ACTIVE, CONTRIBUTING PARTNER TO SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS. AS A 501(C)(3) NON-PROFIT ORGANIZATION, OMC ACTIVELY SUPPORTS SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS THROUGH THE CONTRIBUTION OF STAFF TIME/TALENT, IN-KIND RESOURCES, AND FINANCIAL ASSISTANCE. IN 2021, OUR COMMUNITY CONTRIBUTIONS MADE UP 28.66% OF OUR ANNUAL OPERATING EXPENSE - MORE THAN $68,227,000 IN SUPPORT OF OUR COMMITMENT TO BE AN ACTIVE, CONTRIBUTING PARTNER IN THE COMMUNITIES WE SERVE. ANOTHER WAY OMC ACTIVELY SUPPORTS COMMUNITY HEALTH IS THROUGH ITS PARTNERSHIP WITH MAYO CLINIC, OLMSTED COUNTY PUBLIC HEALTH, AND SEVERAL OTHER COMMUNITY-SERVICE ORGANIZATIONS AS TOGETHER WE IMPLEMENTED THE YEAR-THREE ACTION PLAN BASED ON OUR COLLABORATIVE COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA). OVER THE PAST YEAR, WE CONTINUED TO MAKE IT EASIER FOR COMMUNITY MEMBERS TO DONATE THEIR TIME AND TALENT TO OMC. IN ADDITION TO ADDING AN ONLINE VOLUNTEER APPLICATION FORM TO OUR WEBSITE, WE EXPANDED OUR VOLUNTEERS IN PATIENT CARE OPPORTUNITIES LIKE CANINE COMPANIONS AND ESCORT/GREETER ROLES TO HELP PATIENTS NAVIGATE OUR EXPANDING HOSPITAL CAMPUS.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Herr MD
Physician
$1,066,557
Matthew Kirsch MD
Physician
$1,042,669
Vidhan Chandra MD
Physician
$988,542
Tim Weir Fache
CEO
$822,350
Srdan Babovic MD
Physician
$799,322
David Lowe MD
Physician
$764,560

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Epic Systems Corporation
Computer Support
$2,496,219
Agiliti Health Inc
Biomedical Program Equipment Maintenance
$1,098,545
Mayo Collaborative Services
Lab Services
$3,651,775
Epic Hosting Llc
Computer Support
$1,687,762
Rural Physicians Group Pannu Pllc
Physician Services Nights, Weekends
$1,445,929
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$142,409
Government grants $12,388
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$154,797
Total Program Service Revenue$250,760,048
Investment income $1,541,537
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $79,086
Net Gain/Loss on Asset Sales -$88,888
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $10,789
Miscellaneous Revenue$0
Total Revenue $259,538,018

Grants Awarded

Over the last fiscal year, Olmsted Medical Center has awarded $425,759 in support to 2 organizations.

Grant RecipientAmount

OLMSTED MEDICAL CENTER REGIONAL FOUNDATION

Org PageRecipient Profile

Rochester, MN

PURPOSE: PROVIDE FUNDING TO OMC REGIONAL FOUNDATION FOR HEALTHCARE EDUCATION AND COMMUNITY PURPOSES.

$420,759

CENTER CITY HOUSING CORP

Org PageRecipient Profile

Duluth, MN

PURPOSE: TO SUPPORT GENERAL OPERATIONS OF THEIR MISSION

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Olmsted Medical Center has recieved totaling $37,470.

Awarding OrganizationAmount
Rochester Area Foundation

Rochester, MN

PURPOSE: PROGRAM SUPPORT

$30,964
Minnesota Hospital Association

St Paul, MN

PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM

$6,506
View Grant Recipient Profile

Peer Organizations

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