Ochsner Clinic Foundation

Ochsner Clinic Foundation Overview

Ochsner Clinic Foundation, operating under the name See Statement, is located in New Orleans, LA. The organization was established in 1944. 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, See Statement employed 26,623 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, See Statement generated $3.7b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $3.6b during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, See Statement has awarded 219 individual grants totaling $4,777,075. 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

PATIENT CARE, GRADUATE MEDICAL EDUCATION, & MEDICAL RESEARCH

Describe the Organization's Program Activity:

Part 3 - Line 4a

PATIENT CARE/PATIENT MEDICAL SERVICES: OCHSNER CLINIC FOUNDATION CONSISTS OF SEVEN HOSPITALS AT ELEVEN CAMPUSES AND MANY CLINICAL LOCATIONS. SERVED 69,749 INPATIENTS RESULTING IN 349,713 PATIENT DAYS. EMERGENCY ROOM VISITS TOTALED 463,458. THE NUMBER OF BIRTHS TOTALED 7,931. OUTPATIENT HOSPITAL VISITS TOTALED 712,752. PHYSICIAN CLINIC VISITS TOTAL 2,488,343. 506 PATIENTS RECEIVED ORGAN TRANSPLANTS.


DIVISION OF ACADEMICS SINCE 1944, ACADEMICS HAVE BEEN AN INTEGRAL COMPONENT OF THE MISSION, VISIONS AND STRATEGY OF THE OCHSNER ORGANIZATION. THE DIVISION OF ACADEMICS ADDS EMPHASIS, INTELLECTUAL CAPITAL AND FOCUS TO OCHSNER'S MISSION TO EDUCATE AND INNOVATE, WITH THE PRIMARY FOCUS OF PROVIDING THE HIGHEST QUALITY CARE AND SERVICE TO THE OCHSNER COMMUNITIES AND PATIENTS. A LARGE PORTION OF PHYSICIANS COMPLETING THE TRAINING PROGRAMS DECIDE TO JOIN OCHSNER'S GROUP PRACTICE. THE ACADEMIC AREAS ARE OPERATING DIVISIONS OF OCF. RESIDENCY TRAINING PROGRAMS. OCF OPERATES ONE OF THE NATION'S LARGEST INDEPENDENT ACADEMIC MEDICAL CENTERS AND TRAINS OVER 290 RESIDENTS AND FELLOWS ANNUALLY IN 31 INDEPENDENT OCF-SPONSORED ACCREDITED RESIDENCY TRAINING PROGRAMS. IN ADDITION, OCHSNER IS A JOINT SPONSOR WITH THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCE CENTER ("LSUHSC"), PSYCHIATRY PROGRAM, AND IS A JOINT SPONSOR OF A PEDIATRIC PROGRAM WITH TULANE UNIVERSITY SCHOOL OF MEDICINE ("TULANE"). THE JOINT PROGRAMS INCLUDE APPROXIMATELY 75 RESIDENTS. IN ADDITION, ANOTHER 684 RESIDENTS AND FELLOWS ROTATE TO OCF IN VARIOUS DISCIPLINES OF MEDICINE AND SURGERY UNDER AFFILIATION AGREEMENTS WITH LSUHSC AND TULANE AS WELL AS OTHER SCHOOLS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. OCHSNER ALSO SUPPORTS LSUHSC RESIDENCY TRAINING PROGRAMS AT OCHSNER MEDICAL CENTER - KENNER WHERE APPROXIMATELY 129 RESIDENTS IN FAMILY PRACTICE AND INTERNAL MEDICINE, AND APPROXIMATELY 90 RESIDENTS IN MEDICINE AND SURGICAL SPECIALTIES TRAINING PROGRAMS COMPLETE CLINICAL ROTATIONS ANNUALLY. UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL. IN THE FALL OF 2008, OCHSNER ENTERED INTO A PARTNERSHIP WITH THE UNIVERSITY OF QUEENSLAND SCHOOL OF MEDICINE IN BRISBANE, AUSTRALIA TO DEVELOP THE UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL ("OCS"). A FULL STUDENT COMPLIMENT, THIS PROGRAM WILL GRADUATE 120 MEDICAL STUDENTS EACH YEAR. THE PROGRAM IS FOR UNITED STATES CITIZENS OR PERMANENT RESIDENTS WHO ARE INTERESTED IN PURSUING A CAREER IN MEDICINE WITH THE OPPORTUNITY TO STUDY IN A GLOBAL PROGRAM. THE STUDENTS COMPLETE THEIR FIRST AND SECOND YEARS OF TRAINING AT THE UNIVERSITY IN BRISBANE FOLLOWED BY THE COMPLETION OF YEARS THREE AND FOUR (CLINICAL TRAINING YEARS) AT OCHSNER. THE STUDENTS GRADUATE WITH A BACHELOR OF MEDICINE, BACHELOR OF SURGERY (MBBS DEGREE) WHICH IS CONSIDERED A DOCTOR OF MEDICINE (MD) EQUIVALENT DEGREE. IN 2015, THE UNIVERSITY OF QUEENSLAND SCHOOL OF MEDICINE APPROVED THE DOCTOR OF MEDICINE DEGREE TO REPLACE THE MBBS DEGREE. AS A RESULT, THE UNIVERSITY OF QUEENSLAND SCHOOL OF MEDICINE AND OCS WERE VISITED IN 2014 BY THE AUSTRALIAN MEDICAL COUNCIL AS A COMPONENT OF THE MEDICAL SCHOOL'S ACCREDITATION. THE OUTCOME OF THIS SITE VISIT WAS FULL ACCREDITATION FOR SIX YEARS, THE MAXIMUM TERM ALLOWED. THE GRADUATING CLASS OF 2018 WILL BE THE FIRST CLASS TO GRADUATE WITH THE MD DEGREE. AS OF DECEMBER 2019, THERE WERE 479 STUDENTS ENROLLED IN THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM. IN ADDITION TO THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM, OCHSNER CONTINUES TO PROVIDE OVER 400 STUDENT MONTHS OF CLINICAL EDUCATION TO MEDICAL STUDENTS FROM TULANE AND THE LSUHSC AND OTHER MEDICAL SCHOOL PROGRAMS FROM ACROSS THE REGION, COUNTRY AND AROUND THE WORLD. CONTINUING MEDICAL EDUCATION. THE OCHSNER DEPARTMENT OF CONTINUING MEDICAL EDUCATION (CME) HAS BEEN ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME) SINCE 1976. APPROXIMATELY 130 CME EDUCATIONAL ACTIVITIES ARE HELD ANNUALLY THROUGH REGULARLY SCHEDULED SERIES AND LIVE ACTIVITIES PROVIDING MORE THAN 16,500 PRACTICING PHYSICIANS WITH 54,000 CME CREDITS. OCF ALSO COLLABORATES WITH OVER 20 JOINT PROVIDERS TO ISSUE CME CREDIT FOR EDUCATIONAL ACTIVITIES SPONSORED THROUGH THE JOINT PROVIDER. THESE EDUCATIONAL ACTIVITIES INCLUDE NATIONAL SOCIETIES, REGIONAL HOSPITALS, AND SPECIALTY GROUPS. IN ADDITION, OCHSNER IS APPROVED BY THE LOUISIANA STATE BOARD OF MEDICAL EXAMINERS TO PROVIDE CME CREDIT FOR THE MANDATORY CONTROLLED DANGEROUS SUBSTANCE (CDS) LICENSE REQUIREMENT. APPROVALS AND ACCREDITATIONS. OCF'S DIVISION OF ACADEMICS' EDUCATION PROGRAMS ARE ACCREDITED BY OR REGISTERED WITH THE FOLLOWING AGENCIES: ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME) ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME) AMERICAN ASSOCIATION OF MEDICAL COLLEGES (AAMC) AUSTRALIAN MEDICAL COUNCIL (AMC) COUNCIL ON TEACHING HOSPITALS (COTH) JOINT REVIEW COMMITTEE FOR EDUCATION IN RADIOLOGIC TECHNOLOGY (JRCERT) ALLIED HEALTH / ADVANCED PRACTICE AFFILIATIONS. OCF HAS FORMAL AFFILIATIONS WITH OVER 100 INSTITUTIONS OF HIGHER LEARNING. OCF, THROUGH ALLIED HEALTH AND ADVANCED PRACTICE AFFILIATIONS, ENABLES STUDENTS ENROLLED IN OVER 175 COLLEGE AND UNIVERSITY PROGRAMS THROUGHOUT THE UNITED STATES TO COMPLETE FORMAL CLINICAL TRAINING DEGREE REQUIREMENTS. THROUGH THESE AFFILIATIONS, OCHSNER PROVIDES CLINICAL TRAINING AND MENTORING TO OVER 1,500 STUDENTS. IN ADDITION, THROUGH A LONG-STANDING PARTNERSHIP WITH THE UNIVERSITY OF HOLY CROSS, STUDENTS IN RADIOLOGIC TECHNOLOGY TRAIN AT OCHSNER MEDICAL CENTER AND UPON COMPLETION OF THIS PROGRAM ARE ELIGIBLE TO EARN AN ASSOCIATE OR BACHELOR'S DEGREE IN HEALTH SCIENCE.


MEDICAL RESEARCH CURRENTLY, OCHSNER CLINIC FOUNDATION OPERATES SIX RESEARCH LABORATORIES WITHIN THE INSTITUTE FOR TRANSLATIONAL RESEARCH FOCUSING ON MULTIPLE MEDICAL DISEASES AND PROBLEMS INCLUDING CANCER, DIABETES, TRANSPLANT REJECTION, RHEUMATOLOGICAL DISEASES, NEUROLOGICAL DISORDERS AND INFECTIOUS DISEASES. IN ADDITION, OCHSNER CURRENTLY OFFERS TO ITS PATIENTS OVER 760 ACTIVE CLINICAL RESEARCH STUDIES IN 50 CLINICAL AREAS. APPROXIMATELY 7,000 PATIENTS PARTICIPATE IN CLINICAL RESEARCH ANNUALLY AND THE NUMBER CONTINUES TO INCREASE. THE OCHSNER INSTITUTIONAL REVIEW BOARD PROVIDES OVERSIGHT FOR ALL CLINICAL TRIALS TO ENSURE THE SAFETY OF THE HUMAN SUBJECTS PARTICIPATING IN RESEARCH. OCHSNER ESTABLISHED THE CENTER FOR OUTCOMES AND HEALTH SERVICES RESEARCH (COHSR ), FORMERLY CENTER FOR APPLIED HEALTH SERVICES RESEARCH (IN 2014, THE MISSION OF WHICH IS TO ADVANCE KNOWLEDGE, IMPROVE CLINICAL PRACTICE, AND IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITY. THE COHSR COLLABORATES WITH OCHSNER LEADERS TO IDENTIFY HIGH PRIORITY ISSUES AND DESIGN KEY INITIATIVES THAT WOULD BENEFIT FROM RESEARCH EXPERTISE AND PROGRAM EVALUATION INCLUDING NEW BENEFITS, SYSTEM REDESIGN, PATIENT SAFETY AND CLINICAL CARE. THE CENTER ALSO IDENTIFIES AND INFLUENCES CAPACITY TO CONDUCT HEALTH CARE DEMONSTRATIONS AND PRAGMATIC PRACTICE-BASED INTERVENTIONS THAT ARE HIGH PRIORITY FOR OPERATIONAL LEADERS AND HAVE HIGH SCIENTIFIC MERIT. COHSR SERVICES INCLUDE AN INFORMATION ANALYTICS UNIT THAT HELPS RESEARCHERS EXTRACT DATA FROM OCHSNER'S SYSTEM DATA REPOSITORIES, AN EPIDEMIOLOGY & BIOSTATISTICS UNIT THAT HELPS RESEARCHERS WITH PROJECT DEVELOPMENT AND DATA ANALYSIS, AND A PATIENT RESEARCH ADVISORY BOARD WHICH FACILITATES PATIENT ENGAGEMENT IN BOTH INDUSTRY-SPONSORED AND INVESTIGATOR-INITIATED STUDIES. THE COHSR IS A MAJOR COLLABORATOR ON SEVERAL GRANTS FUNDED BY THE PATIENT-CENTERED OUTCOMES RESEARCH INSTITUTE AND THE NATIONAL INSTITUTES OF HEALTH. THE CLINICAL TRIAL UNIT (CTU), LOCATED AT OCHSNER BAPTIST MEDICAL CENTER, WAS ESTABLISHED IN 2012 TO PROVIDE THE ABILITY TO CARRY OUT A VARIETY OF CLINICAL TRIALS, INCLUDING COMPLEX TRIALS REQUIRING CLOSE MONITORING, HIGH-VOLUME TRIALS, AND MORE. SINCE INCEPTION, OVER 2,500 PATIENTS HAVE PARTICIPATED IN RESEARCH STUDIES AT THE CTU. THE BIOREPOSITORY UNIT, LOCATED AT OCHSNER MEDICAL CENTER, WAS ESTABLISHED IN 2011 TO DEVELOP A ROBUST INVENTORY OF HUMAN BIOSPECIMENS AND BIOFLUIDS FOR UTILIZATION IN RESEARCH PROJECTS. SINCE INCEPTION, OVER 4,000 PATIENTS HAVE DONATED THEIR TISSUES AND BIOFLUIDS. THIS HAS RESULTED IN DEVELOPMENT OF A COMPREHENSIVE EXPRESSBANK WITH AN INVENTORY OF OVER 41,300 ALIQUOTS OF BIOSPECIMENS. THEY ALSO HAVE CUSTODY OF ANY FFPE BLOCKS FROM THE PATHOLOGY DEPARTMENT THAT ARE 10 YEARS OR OLDER DATING BACK TO 1998. FURTHERMORE, THEY HAVE ACCESS TO REMNANT TISSUE AND BIOFLUID SPECIMENS DEEMED LEFTOVER MEDICAL WASTE FROM CLINICAL PROCEDURES. TO PROVIDE MORE BIOSPECIMEN DONATION OPPORTUNITIES TO OUR PATIENTS, A NEW SATELLITE BIOBANK UNIT WAS ESTABLISHED AT OCHSNER BAPTIST MEDICAL CENTER IN 2016 WHERE AN EFFORT TO COLLECT WOMEN'S HEALTH SPECIMENS AND WELL AS GENITOURINARY SPECIMENS FROM MEN WAS INITIATED.


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Ochsner Clinic Foundation Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Community Director
$0

Ochsner Clinic Foundation Vendors

Vendor Name (Service)Compensation
Woodward Design Build Llc
Construction
$24,527,573
Louisiana State University
Purchased Physician Services
$11,265,739
Gjerset & Lorenz Llp
Legal Services
$10,324,632
Clement Building Co Llc
Construction
$11,751,772
The Lemoine Company Llc
Construction
$13,671,721
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$434,684
Membership dues$0
Fundraising events$1,486,387
Related organizations$0
Government grants $2,322,887
All other contributions, gifts, grants, and similar amounts not included above$16,725,394
Noncash contributions included in lines 1a–1f $264,188
Total Revenue from Contributions, Gifts, Grants & Similar$20,969,352
Total Program Service Revenue$3,404,470,042
Investment income $12,806,960
Tax Exempt Bond Proceeds $14,838
Royalties $439,083
Net Rental Income -$2,694,706
Net Gain/Loss on Asset Sales $5,036,449
Net Income from Fundraising Events -$836,979
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $17,709,415
Miscellaneous Revenue$0
Total Revenue $3,746,277,344

Ochsner Clinic Foundation Grants Awarded

Over the last fiscal year, Ochsner Clinic Foundation has awarded $1,900,050 in support to 60 organizations.

Grant RecipientAmount

ST BERNARD PARISH GVNMT

PURPOSE: GENERAL ASSISTANCE

$200,000

NATIONAL URBAN LEAGUE INC

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL ASSISTANCE

$150,000

LSU HEALTH SCIENCE CENTER SHREVEPORT

PURPOSE: GENERAL ASSISTANCE

$131,392

REBUILD LOUISIANA

Org PageRecipient Profile

Baton Rouge, LA

PURPOSE: GENERAL ASSISTANCE

$100,000

COALITION TO PROTECT

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL ASSISTANCE

$87,500

ANTI-DEFAMATION LEAGUE

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL ASSISTANCE

$75,000
View Grant Profile

Ochsner Clinic Foundation Grants Recieved

Over the last fiscal year, we have identified 9 grants that Ochsner Clinic Foundation has recieved totaling $375,982.

Awarding OrganizationAmount
The Susan Thompson Buffett Foundation

Omaha, NE

PURPOSE: PROJECT SUPPORT

$145,485
The Susan Thompson Buffett Foundation

Omaha, NE

PURPOSE: PROJECT SUPPORT

$145,485
The Summerfield G Roberts Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$49,612
Harry T Howard Iii Foundation

Covington, LA

PURPOSE: FUND THE IMPACT CONCUSSION MANAGEMENT PROGRAM FOR AREA HIGH SCHOOL ATHLETIC PROGRAMS. ALSO TO FUND THE MICHAEL R BOH COCHLEAR IMPLANT FUND WHICH OFFERS A COMPREHENSIVE APPROACH FOR CHILDREN WITH COMPLEX DEVELOPMENTAL, INTELLECTUAL AND BEHAVORIAL NEEDS.

$10,000
Harry T Howard Iii Foundation

Covington, LA

PURPOSE: FUND THE IMPACT CONCUSSION MANAGEMENT PROGRAM FOR AREA HIGH SCHOOL ATHLETIC PROGRAMS. ALSO TO FUND THE MICHAEL R BOH COCHLEAR IMPLANT FUND WHICH OFFERS A COMPREHENSIVE APPROACH FOR CHILDREN WITH COMPLEX DEVELOPMENTAL, INTELLECTUAL AND BEHAVORIAL NEEDS.

$10,000
W Elton Kennedy Foundation

Mer Rouge, LA

PURPOSE: MEDICAL

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$39,810,976
Earnings$4,934,096
Net Contributions$1,794,151
Other Expense$872,412
Ending Balance$45,666,811

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