Lakeland Regional Medical Center Inc

Lakeland Regional Medical Center Inc Overview

Lakeland Regional Medical Center Inc is located in Lakeland, FL. The organization was established in 1986. 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 09/2019, Lakeland Regional Medical Center Inc employed 5,832 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Lakeland Regional Medical Center Inc generated $905.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $839.7m during the year ending 09/2019. While expenses have increased by 3.5% 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

SEE SCHEDULE OLAKELAND REGIONAL HEALTH'S STRATEGIC IMPERATIVE IS TO DEVELOP AS A NATIONALLY RECOGNIZED, FISCALLY STRONG AND GROWING COLLABORATIVE REGIONAL HEALTH SYSTEM THAT IMPROVES LIVES BY OFFERING SAFE, HIGH QUALITY, EQUITABLE AND AFFORDABLE HEALTHCARE, WHILE DEMONSTRATING AN EQUAL COMMITMENT TO THE PROMOTION OF INDIVIDUAL AND COMMUNITY HEALTH, WELLNESS AND DISEASE PREVENTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O FOR PROGRAM SERVICES STATEMENT


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Lakeland Regional Medical Center Inc Vendors

Vendor Name (Service)Compensation
Cerner Corporation
Software Maintenance & Support
$18,179,606
Turner Logistics
Construction Contractor
$23,926,206
University Medical Services
Medical
$3,856,347
Creative Contractors Inc
Construction Contractor
$48,586,388
Peterson & Meyers Pa
Consulting Services
$2,357,305
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$7,249,107
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $268,449
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $905,422,211

Lakeland Regional Medical Center Inc Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lakeland Regional Medical Center Inc has recieved totaling $16,512.

Awarding OrganizationAmount
West Central Florida Disasterservices Incorporated

Saint Petersburg, FL

PURPOSE: Emergency Services

$8,256
West Central Florida Disasterservices Incorporated

Saint Petersburg, FL

PURPOSE: Emergency Services

$8,256
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,538,285
Ending Balance$1,538,285

Lakeland Regional Medical Center Inc Peer Organizations

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