Bon Secours Mercy Health Inc

Bon Secours Mercy Health Inc Overview

Bon Secours Mercy Health Inc is located in Cincinnati, OH. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2019, Bon Secours Mercy Health Inc employed 1,200 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Bon Secours Mercy Health Inc generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $896.0m during the year ending 12/2019. While expenses have increased by 21.7% 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 2015, Bon Secours Mercy Health Inc has awarded 330 individual grants totaling $38,072,194. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

ACTS AS HOME OFFICE FOR BON SECOURS MERCY HEALTH SYSTEM PROVIDING ADMIN/MGMT SERVICES TO AFFILIATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BON SECOURS MERCY HEALTH PROVIDES A WIDE RANGE OF CORPORATE SUPPORT SERVICES TO THE FACILITIES IT OWNS OR HAS AFFILIATIONS. THE SYSTEM'S MISSION SERVICES ENSURE THAT ALL BON SECOURS FACILITIES SUPPORT THE MINISTRY OF THE SISTERS OF BON SECOURS AND THE CATHOLIC CHURCH, AND ARE DRIVEN BY THE SYSTEM'S MISSION AND VALUES. THE SYSTEM'S FINANCIAL, OPERATIONAL AND BUSINESS DEVELOPMENT SERVICES PROVIDE ESSENTIAL CENTRALIZED SUPPORT TO IMPROVE OPERATIONS, FINANCIAL PERFORMANCE, AND THE DELIVERY OF PATIENT CARE. WITH EXPERTISE IN ALL AREAS OF ACUTE, LONG-TERM CARE AND ASSISTED LIVING FACILITY AND HOME CARE MANAGEMENT AND OPERATIONS, THE CORPORATE STAFF ALSO SERVES AS AN INVALUABLE CORPORATE CONSULTING RESOURCE. MISSION SERVICES: -DIRECTION, SUPPORT AND CONSULTATION FOR THE LOCAL AND CORPORATE STAFF AND BOARDS OF DIRECTORS -POLICY DEVELOPMENT IN AREAS SUCH AS SPONSORSHIP, BUSINESS RELATIONSHIPS, MORAL INVESTMENTS, BIOETHICS, ORGANIZATIONAL ETHICS, SOCIAL JUSTICE AND COMMUNITY COMMITMENT SERVICES -EDUCATION TO PROMOTE THE BON SECOURS MISSION, PHILOSOPHY AND VALUES TO KEY STAFF -COORDINATION OF TEAMS CHARGED WITH ADDRESSING HEALTH CARE ISSUES AND ETHICAL CONCERNS FINANCIAL & TREASURY SERVICES: -NEGOTIATION OF ACCESS TO CAPITAL -OVERSIGHT, COORDINATION AND CONTROL OF EXTERNAL AUDITS -COORDINATION OF AND ASSISTANCE IN MAXIMIZING THIRD-PARTY REIMBURSEMENT AND FILING RELATED APPEALS -MONITORING OF FEDERAL HEALTH CARE POLICY -MONITORING OF SYSTEM'S MASTER PENSION TRUST ENCOMPASSING THE POOLED INVESTMENT OF ALL DEFINED BENEFIT PENSION PLAN ASSETS OF SYSTEM MEMBERS, INCLUDING THE SELECTION OF MASTER PENSION TRUST INVESTMENT ADVISOR AND MANAGERS AND EVALUATION OF THEIR PERFORMANCE -MANAGEMENT OF SYSTEM MEMBERS' TRUSTEE-HELD FUNDS AND SYSTEM-WIDE INVESTMENT PROGRAM ENCOMPASSING THE VAST MAJORITY OF SYSTEM MEMBERS' INVESTMENTS, INCLUDING FUNDED DEPRECIATION ACCOUNTS AND CENTRALIZED CASH MANAGEMENT PROGRAM, IN ACCORDANCE WITH UNIFORM SYSTEM INVESTMENT GUIDELINES -MANAGEMENT OF CENTRALIZED CASH MANAGEMENT PROGRAM -MAINTENANCE OF SYSTEM-WIDE COMMON FINANCIAL DATA BASE PROVIDING STATUS OF KEY FINANCIAL INDICATORS AND OPERATING STATISTICS -LONG RANGE CAPITAL AND FINANCIAL PLANNING AND ANNUAL OPERATING AND CAPITAL BUDGETING SUPPORT -PREPARATION OF MONTHLY AND YEAR-END CONSOLIDATING SYSTEM-WIDE FINANCIAL STATEMENTS, INCLUDING BUDGET VARIATION REPORTING AND STATISTICAL ANALYSIS -DEVELOPMENT, IMPLEMENTATION AND MONITORING OF STANDARDIZED ACCOUNTING POLICIES AND EDUCATES SENIOR LEADERS ON FINANCIAL LITERACY AND CONTEMPORARY FINANCIAL PRACTICES. -DEVELOPMENT OF EXTERNAL FINANCIAL DISCLOSURES TO INVESTORS AND THE PUBLIC AT LARGE -PRIMARY CONTACT WITH RATING AGENCIES, BOND INSURERS AND FOR INVESTORS QUESTIONS -OVERSIGHT OF SYSTEM CONSULTING IN THE AREAS OF TAX RETURNS, COST REPORTING, A-133 FILINGS, CDM COMPLIANCE AND THIRD PARTY APPEALS -ORGANIZATION OF MEETINGS OF CHIEF FINANCIAL OFFICERS TO BETTER COORDINATE IMPLEMENTATION OF SYSTEM-WIDE GOALS, STRATEGIES, TACTICS AND OBJECTIVES AND TO MONITOR FACILITY OPERATIONS AND CORPORATE COMPLIANCE OPERATIONAL SERVICES: -ACTUARIAL, ACCOUNTING AND INVESTMENT FUNCTIONS FOR SELF INSURANCE FUNDING OF SYSTEM MEMBERS' GENERAL AND PROFESSIONAL LIABILITY AND WORKERS COMPENSATION CLAIMS AND FOR A SYSTEM-WIDE SELF-FUNDED PLAN FOR EMPLOYEE HEALTH BENEFITS -COORDINATION OF FUNCTIONS FOR A SYSTEM-WIDE STANDARD HOSPITAL INFORMATION SYSTEM AND OTHER SYSTEMS FOR USE THROUGHOUT THE SYSTEM AND SUPPORT FUNCTIONS FOR IMPLEMENTING AND MAINTAINING THE INFORMATION SYSTEM -STANDARDIZED PURCHASING FUNCTION, MATERIAL MANAGEMENT, LAWSON ERP SYSTEM, AND OTHER STANDARD IS -KNOWLEDGE TRANSFER OF BEST PRACTICES AND SUCCESSES ON REVENUE ENHANCEMENT AND COST REDUCTION INITIATIVES. STRATEGIC PLANNING, MARKETING, AND BUSINESS DEVELOPMENT SERVICES: -COORDINATION OF SYSTEM STRATEGIC PLANNING INCLUDING COORDINATION OF DEVELOPMENT OF THE SYSTEM'S VISION, GOALS, AND 3-YEAR STRATEGIC PLAN AND ANNUAL PLANNING PROCESSES. -MARKET ASSESSMENT AND STRATEGY DEVELOPMENT FOR IMPROVED LOCAL MARKET POSITIONING -STRATEGIC PLANNING SUPPORT FOR ACUTE, LONG-TERM AND HOME CARE OPERATIONS -NEW PRODUCT/SERVICE RESEARCH AND DEVELOPMENT -EMERGING TECHNOLOGY RESEARCH & ASSESSMENT; KNOWLEDGE TRANSFER OF TECHNOLOGY AND IMPLICATIONS FOR SYSTEM -COORDINATION AND CONSULTATIVE ASSISTANCE IN SERVICE LINE PLANNING & PROFITABILITY ANALYSES -IMPLEMENTATION OF STRATEGIC GROWTH INITIATIVES IN NEW AND EXISTING COMMUNITIES -COORDINATION OF PLANNING & BUSINESS DEVELOPMENT LEADERS, CUSTOMER SATISFACTION, AND MARKETING & COMMUNICATIONS LEADERS NETWORKS OTHER CORPORATE SERVICES: -CORPORATE COMMUNICATIONS AND PUBLIC RELATIONS -INTERNAL AUDITING -CORPORATE RESPONSIBILITY -RISK MANAGEMENT -GOVERNANCE -COORDINATION AND CONTROL OF SYSTEM-WIDE BENEFIT TESTING -ADMINISTRATION OF SYSTEM-WIDE HEALTH BENEFIT PLANS -PLACEMENT AND RENEWAL OF VARIOUS SYSTEM-WIDE WELFARE BENEFIT PLANS -COORDINATION AND MANAGEMENT OF LEGAL SERVICES PROVIDED TO SYSTEM MEMBERS -REGULATORY COMPLIANCE AND INSURANCE FUNCTIONS -SYSTEM-WIDE EMPLOYEE, PATIENT, RESIDENT AND PHYSICIAN SATISFACTION PROGRAM


BON SECOURS MERCY HEALTH PROVIDES A WIDE RANGE OF CORPORATE SUPPORT SERVICES TO THE FACILITIES IT OWNS OR HAS AFFILIATIONS. THE SYSTEM'S MISSION SERVICES ENSURE THAT ALL BON SECOURS FACILITIES SUPPORT THE MINISTRY OF THE SISTERS OF BON SECOURS AND THE CATHOLIC CHURCH, AND ARE DRIVEN BY THE SYSTEM'S MISSION AND VALUES. THE SYSTEM'S FINANCIAL, OPERATIONAL AND BUSINESS DEVELOPMENT SERVICES PROVIDE ESSENTIAL CENTRALIZED SUPPORT TO IMPROVE OPERATIONS, FINANCIAL PERFORMANCE, AND THE DELIVERY OF PATIENT CARE. WITH EXPERTISE IN ALL AREAS OF ACUTE, LONG-TERM CARE AND ASSISTED LIVING FACILITY AND HOME CARE MANAGEMENT AND OPERATIONS, THE CORPORATE STAFF ALSO SERVES AS AN INVALUABLE CORPORATE CONSULTING RESOURCE. MISSION SERVICES: -DIRECTION, SUPPORT AND CONSULTATION FOR THE LOCAL AND CORPORATE STAFF AND BOARDS OF DIRECTORS -POLICY DEVELOPMENT IN AREAS SUCH AS SPONSORSHIP, BUSINESS RELATIONSHIPS, MORAL INVESTMENTS, BIOETHICS, ORGANIZATIONAL ETHICS, SOCIAL JUSTICE AND COMMUNITY COMMITMENT SERVICES -EDUCATION TO PROMOTE THE BON SECOURS MISSION, PHILOSOPHY AND VALUES TO KEY STAFF -COORDINATION OF TEAMS CHARGED WITH ADDRESSING HEALTH CARE ISSUES AND ETHICAL CONCERNS FINANCIAL & TREASURY SERVICES: -NEGOTIATION OF ACCESS TO CAPITAL -OVERSIGHT, COORDINATION AND CONTROL OF EXTERNAL AUDITS -COORDINATION OF AND ASSISTANCE IN MAXIMIZING THIRD-PARTY REIMBURSEMENT AND FILING RELATED APPEALS -MONITORING OF FEDERAL HEALTH CARE POLICY -MONITORING OF SYSTEM'S MASTER PENSION TRUST ENCOMPASSING THE POOLED INVESTMENT OF ALL DEFINED BENEFIT PENSION PLAN ASSETS OF SYSTEM MEMBERS, INCLUDING THE SELECTION OF MASTER PENSION TRUST INVESTMENT ADVISOR AND MANAGERS AND EVALUATION OF THEIR PERFORMANCE -MANAGEMENT OF SYSTEM MEMBERS' TRUSTEE-HELD FUNDS AND SYSTEM-WIDE INVESTMENT PROGRAM ENCOMPASSING THE VAST MAJORITY OF SYSTEM MEMBERS' INVESTMENTS, INCLUDING FUNDED DEPRECIATION ACCOUNTS AND CENTRALIZED CASH MANAGEMENT PROGRAM, IN ACCORDANCE WITH UNIFORM SYSTEM INVESTMENT GUIDELINES -MANAGEMENT OF CENTRALIZED CASH MANAGEMENT PROGRAM -MAINTENANCE OF SYSTEM-WIDE COMMON FINANCIAL DATA BASE PROVIDING STATUS OF KEY FINANCIAL INDICATORS AND OPERATING STATISTICS -LONG RANGE CAPITAL AND FINANCIAL PLANNING AND ANNUAL OPERATING AND CAPITAL BUDGETING SUPPORT -PREPARATION OF MONTHLY AND YEAR-END CONSOLIDATING SYSTEM-WIDE FINANCIAL STATEMENTS, INCLUDING BUDGET VARIATION REPORTING AND STATISTICAL ANALYSIS -DEVELOPMENT, IMPLEMENTATION AND MONITORING OF STANDARDIZED ACCOUNTING POLICIES AND EDUCATES SENIOR LEADERS ON FINANCIAL LITERACY AND CONTEMPORARY FINANCIAL PRACTICES. -DEVELOPMENT OF EXTERNAL FINANCIAL DISCLOSURES TO INVESTORS AND THE PUBLIC AT LARGE -PRIMARY CONTACT WITH RATING AGENCIES, BOND INSURERS AND FOR INVESTORS QUESTIONS -OVERSIGHT OF SYSTEM CONSULTING IN THE AREAS OF TAX RETURNS, COST REPORTING, A-133 FILINGS, CDM COMPLIANCE AND THIRD PARTY APPEALS -ORGANIZATION OF MEETINGS OF CHIEF FINANCIAL OFFICERS TO BETTER COORDINATE IMPLEMENTATION OF SYSTEM-WIDE GOALS, STRATEGIES, TACTICS AND OBJECTIVES AND TO MONITOR FACILITY OPERATIONS AND CORPORATE COMPLIANCE OPERATIONAL SERVICES: -ACTUARIAL, ACCOUNTING AND INVESTMENT FUNCTIONS FOR SELF INSURANCE FUNDING OF SYSTEM MEMBERS' GENERAL AND PROFESSIONAL LIABILITY AND WORKERS COMPENSATION CLAIMS AND FOR A SYSTEM-WIDE SELF-FUNDED PLAN FOR EMPLOYEE HEALTH BENEFITS -COORDINATION OF FUNCTIONS FOR A SYSTEM-WIDE STANDARD HOSPITAL INFORMATION SYSTEM AND OTHER SYSTEMS FOR USE THROUGHOUT THE SYSTEM AND SUPPORT FUNCTIONS FOR IMPLEMENTING AND MAINTAINING THE INFORMATION SYSTEM -STANDARDIZED PURCHASING FUNCTION, MATERIAL MANAGEMENT, LAWSON ERP SYSTEM, AND OTHER STANDARD IS -KNOWLEDGE TRANSFER OF BEST PRACTICES AND SUCCESSES ON REVENUE ENHANCEMENT AND COST REDUCTION INITIATIVES. STRATEGIC PLANNING, MARKETING, AND BUSINESS DEVELOPMENT SERVICES: -COORDINATION OF SYSTEM STRATEGIC PLANNING INCLUDING COORDINATION OF DEVELOPMENT OF THE SYSTEM'S VISION, GOALS, AND 3-YEAR STRATEGIC PLAN AND ANNUAL PLANNING PROCESSES. -MARKET ASSESSMENT AND STRATEGY DEVELOPMENT FOR IMPROVED LOCAL MARKET POSITIONING -STRATEGIC PLANNING SUPPORT FOR ACUTE, LONG-TERM AND HOME CARE OPERATIONS -NEW PRODUCT/SERVICE RESEARCH AND DEVELOPMENT -EMERGING TECHNOLOGY RESEARCH & ASSESSMENT; KNOWLEDGE TRANSFER OF TECHNOLOGY AND IMPLICATIONS FOR SYSTEM -COORDINATION AND CONSULTATIVE ASSISTANCE IN SERVICE LINE PLANNING & PROFITABILITY ANALYSES -IMPLEMENTATION OF STRATEGIC GROWTH INITIATIVES IN NEW AND EXISTING COMMUNITIES -COORDINATION OF PLANNING & BUSINESS DEVELOPMENT LEADERS, CUSTOMER SATISFACTION, AND MARKETING & COMMUNICATIONS LEADERS NETWORKS OTHER CORPORATE SERVICES: -CORPORATE COMMUNICATIONS AND PUBLIC RELATIONS -INTERNAL AUDITING -CORPORATE RESPONSIBILITY -RISK MANAGEMENT -GOVERNANCE -COORDINATION AND CONTROL OF SYSTEM-WIDE BENEFIT TESTING -ADMINISTRATION OF SYSTEM-WIDE HEALTH BENEFIT PLANS -PLACEMENT AND RENEWAL OF VARIOUS SYSTEM-WIDE WELFARE BENEFIT PLANS -COORDINATION AND MANAGEMENT OF LEGAL SERVICES PROVIDED TO SYSTEM MEMBERS -REGULATORY COMPLIANCE AND INSURANCE FUNCTIONS -SYSTEM-WIDE EMPLOYEE, PATIENT, RESIDENT AND PHYSICIAN SATISFACTION PROGRAM


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Bon Secours Mercy Health Inc Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Board Member
$0

Bon Secours Mercy Health Inc Vendors

Vendor Name (Service)Compensation
Torgan Cooper & Aaron Pc
Legal Services
$5,200,000
Us Bank Corporate Trust (Shiftwise)
Staffing Support
$4,045,657
Epic Systems Corporation
Medical Software And Services
$3,829,480
3m Health Information Systems
It Maintenance And Services
$2,225,149
Torgan Cooper & Aaron Pc
Legal Services
$5,200,000
Epic Systems Corporation
Medical Software And Services
$3,829,480
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$973,304,800
Investment income $13,524,303
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,969,857
Net Gain/Loss on Asset Sales $32,972,038
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,032,037,001

Bon Secours Mercy Health Inc Grants Awarded

Over the last fiscal year, Bon Secours Mercy Health Inc has awarded $4,272,316 in support to 38 organizations.

Grant RecipientAmount

CATHOLIC MEDICAL MISSION BOARD INC

Org PageRecipient Profile

New York, NY

PURPOSE: Maternal and Child Health Collaborative

$400,000

CATHOLIC MEDICAL MISSION BOARD INC

Org PageRecipient Profile

New York, NY

PURPOSE: Maternal and Child Health Collaborative

$400,000

CONGREGATION BON SECOURS OF PARIS INC

Org PageRecipient Profile

Marriottsvl, MD

PURPOSE: Mission Support

$262,100

CONGREGATION BON SECOURS OF PARIS INC

Org PageRecipient Profile

Marriottsvl, MD

PURPOSE: Mission Support

$262,100

FRIENDS IN SOLIDARITY INC

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: Mission Support

$135,000

FRIENDS IN SOLIDARITY INC

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: Mission Support

$135,000
View Grant Profile

Bon Secours Mercy Health Inc Grants Recieved

Over the last fiscal year, we have identified 2 grants that Bon Secours Mercy Health Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Reminger Foundation Company

Cleveland, OH

PURPOSE: COVID-19 RESPONSE EFFORTS FUND

$25,000
Reminger Foundation Company

Cleveland, OH

PURPOSE: COVID-19 RESPONSE EFFORTS FUND

$25,000
View Grant Recipient Profile

Bon Secours Mercy Health Inc Peer Organizations

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