Mount Sinai Medical Center Of Florida Inc

Organization Overview

Mount Sinai Medical Center Of Florida Inc is located in Miami Beach, FL. The organization was established in 1948. 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, Mount Sinai Medical Center Of Florida Inc employed 5,108 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, Mount Sinai Medical Center Of Florida Inc generated $767.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $760.3m during the year ending 12/2019. While expenses have increased by 6.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HIGH QUALITY HEALTH CARE TO OUR DIVERSE COMMUNITY ENHANCED THROUGH TEACHING, RESEARCH, CHARITY CARE AND FINANCIAL RESPONSIBILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAFETY NET HOSPITAL OPERATIONSIN 2019, MOUNT SINAI SERVED 24,712 INPATIENT ADMISSIONS, 246,595 OUTPATIENT ADMISSIONS, 53,792 EMERGENCY CARE VISITS IN ITS PRIMARY SERVICE AREA, 18,695 IN ITS SENIOR HEALTH TARGET AREA OF AVENTURA AND 26,806 IN ITS HIALEAH FREE STANDING EMERGENCY DEPARTMENT. MOUNT SINAI PERFORMED 14,107 SURGERIES MEETING SURGICAL CARE STANDARDS AND WELCOMED 2,639 INFANTS WITH HEALTHY BIRTH WEIGHTS.


TEACHING & RESEARCHIN 2019, MOUNT SINAI RETAINED ITS OWN TEACHING FACULTY AND 12 ACCREDITED GRADUATE MEDICAL EDUCATION PROGRAMS, TEACHING 171 RESIDENTS AND FELLOWS. MOUNT SINAI PROVIDED A TEACHING CLINICAL ENVIRONMENT FOR PHYSICIANS TO BECOME BOARD CERTIFIED. ADDITIONALLY, TO MEET THE DEMANDS OF THE WORKFORCE, MOUNT SINAI TAUGHT 163 NURSING STUDENTS, 432 MEDICAL STUDENTS AND 125 ALLIED HEALTH STUDENTS FOR HEALTH CARE CAREERS. TO SUPPLEMENT THE ACADEMIC ENVIRONMENT IN 2019, MOUNT SINAI HAD 166 RESEARCH STUDIES APPROVED BY A NATIONAL REVIEW BOARD OR BY A MOUNT SINAI INSTITUTION PEER REVIEW BOARD. MOUNT SINAI HAD 102 CANCER STUDIES, 19 CARDIAC, AND 45 OTHER STUDIES.


PHYSICIAN NETWORK AND ACCESS TO CAREACCORDING TO THE 2017 UPDATE TO THE AAMC-COMMISSIONED STUDY OF PHYSICIAN SUPPLY AND DEMAND, PHYSICIAN DEMAND IS PROJECTED TO CONTINUE GROWING FASTER THAN THE SUPPLY. (THE COMPLEXITIES OF PHYSICIAN SUPPLY AND DEMAND: PROJECTIONS FROM 2015 TO 2030, IHS MARKIT, FEBRUARY 17, 2017) THE STATE OF FLORIDA AGENCY FOR HEALTHCARE, AND THE STATEWIDE MEDICAID RESIDENCY PROGRAM SUPPORTED THE TEACHING OF SPECIALTY CLINICAL PROVIDERS. MOUNT SINAI PROVIDED BOTH ACCESS TO CARE AND SUPPORT FOR THE TEACHING OF 432 MEDICAL STUDENTS AND 171 RESIDENTS AND FELLOWS. MOUNT SINAI SERVICES 13 LOCATIONS IN TWO COUNTIES BY PROVIDING NEARLY 210,000 PRIMARY OR SPECIALTY CARE VISITS. MOUNT SINAI HAS WIDENED ACCESS TO SPECIALTY CARE IN FLORIDA AND THE STATE MEDICAID PROGRAM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Robins & Morton
General Contractoral
$22,122,782
Trustee Of Columbia University
Medical Programs Affiliation
$4,001,744
Brasfield & Gorrie Llc
General Contractor
$3,887,165
Aramark Cts Inc
Management Services For Equipment Mainte
$3,714,486
Epic System Corporation
It Consultants, Maintenace & Programming
$2,551,222
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$6,421,964
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$18,094
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,440,058
Total Program Service Revenue$727,322,001
Investment income $3,928,182
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,660,338
Net Gain/Loss on Asset Sales -$997,414
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $767,922,503

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Mount Sinai Medical Center Of Florida Inc has recieved totaling $594,589.

Awarding OrganizationAmount
$475,796
University Of Miami

Coral Gables, FL

PURPOSE: RESEARCH

$76,080
Mayo Clinic Group Return

Rochester, MN

PURPOSE: SUPPORT CHARITABLE PROGRAMS

$23,138
$19,575
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$94,395,000
Earnings$356,000
Admin Expense$945,000
Net Contributions$19,487,000
Other Expense$5,472,000
Ending Balance$107,821,000

Peer Organizations

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