Methodist Fremont Health
- Assets
- $110.0m
- Revenue
- $124.3m
- Investments
- $0.0
- Employees
- 864
- Location
- Omaha, NE
- Founding
- 06/2019
- Data as of
- 12/2020
- EIN
- 83-1362276
Organization Overview
Methodist Fremont Health is located in Omaha, NE. The organization was established in 2019. 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, Methodist Fremont Health employed 864 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Fremont Health 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 12/2020, Methodist Fremont Health generated $124.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.0% each year . All expenses for the organization totaled $112.1m during the year ending 12/2020. While expenses have increased by 58.4% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND MAINTAIN HOSPITAL AND AMBULATORY FACILITIES FOR THE CARE OF PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE METHODIST FREMONT HEALTH MEDICAL CENTER SURGICAL STAFF IS A SEASONED GROUP OF PROFESSIONALS WITH YEARS OF EXPERIENCE AND NUMEROUS CERTIFICATIONS. FROM GENERAL SURGERY TO VASCULAR SURGERY, METHODIST FREMONT HEALTH OFFERS A WIDE RANGE OF SERVICES AND EXPERTISE TO THE COMMUNITY.UNIQUE TO METHODIST FREMONT HEALTH, GREENLIGHT PVP (PHOTO-SELECTIVE VAPORIZATION OF THE PROSTATE) IS A NEW, MINIMALLY INVASIVE SURGICAL TECHNIQUE FOR TREATING BENIGN PROSTATIC HYPERPLASIA (BPH), OR ENLARGEMENT OF THE PROSTATE. GREENLIGHT PVP UTILIZES A SPECIALLY DESIGNED LASER LIGHT SOURCE AND FIBER OPTIC DELIVERY SYSTEM TO IMMEDIATELY VAPORIZE AND PRECISELY REMOVE ENLARGED PROSTATE TISSUE. THE PROCEDURE COMBINES THE IMMEDIATE SYMPTOM RELIEF AND THE DRAMATIC FLOW RATE IMPROVEMENTS OF THE CURRENT "GOLD STANDARD PROCEDURE (CALLED TURP OR TRANS-URETHRAL RESECTION OF THE PROSTATE) WITH MINIMAL SIDE EFFECTS, FAST OPERATIVE AND RECOVERY TIMES, AND USUALLY NO NEED FOR A CATHETER AFTER SURGERY.
IF A HIGHER LEVEL OF CARE IS NECESSARY DURING A PATIENT'S STAY AT METHODIST FREMONT HEALTH, THE ICU TEAM PROVIDES TOP-NOTCH CARE AND OUR TELEMETRY SERVICES THROUGHOUT THE HOSPITAL KEEP PATIENT CARE AT THE TOP OF THE MIND FOR ALL MEMBERS OF THE CARE TEAM.
METHODIST FREMONT HEALTH OFFERS A FULL RANGE OF HEART AND VASCULAR SERVICES FROM AN EMERGENCY DEPARTMENT READY WITH THE LATEST CHEST-PAIN PROTOCOLS, TO COMPREHENSIVE CARDIAC DIAGNOSTICS, TO A STATE-OF-THE-ART CARDIOVASCULAR CATHETERIZATION LAB.THE CARDIAC CATH LAB PROVIDES SOPHISTICATED DIAGNOSTIC AND INTERVENTIONAL TREATMENT OF CARDIAC AND PERIPHERAL VASCULAR DISEASES. THE CUTTING-EDGE SYSTEM PROVIDES HIGHER RESOLUTION IMAGES AND RESULTS IN LESS RADIATION EXPOSURE.AT METHODIST FREMONT HEALTH, CARDIOLOGISTS ARE FELLOWSHIP-TRAINED, BOARD-CERTIFIED AND HIGHLY SKILLED IN TREATING A FULL RANGE OF HEART AND VASCULAR PROBLEMS, DISEASES, AND CONDITIONS.THE GOAL OF METHODIST FREMONT HEALTH'S CONGESTIVE HEART FAILURE OUTPATIENT PROGRAM IS TO OPTIMIZE THE HEALTH STATUS OF ADVANCED STAGE CHF PATIENTS WITH A FOCUS ON MEDICAL COMPLIANCE OF MEDICATION, DIET, PATIENT AND FAMILY EDUCATION, EXERCISE AND RISK FACTOR REDUCTION.A CARDIOVASCULAR CASE MANAGER REGISTERED NURSE (RN) IDENTIFIES CHF PATIENTS THROUGH HOSPITAL ADMISSIONS AND PHYSICIAN REFERRALS. THEY ARE FOLLOWED AS OUTPATIENTS WITH PHONE CALLS AND/OR OUTPATIENT VISITS ON A REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Auxier MD Physician | 40 | $506,074 | |
Elliott Miller MD Physician | 40 | $400,870 | |
John Franzen MD Physician | 40 | $395,543 | |
James Tiehen MD Physician | 40 | $383,358 | |
Angela Sukstorf MD Physician | 40 | $373,224 | |
Nicole Dix DO Director | Trustee | 40 | $355,972 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anesthesia Care Specialists Medical Services | 12/30/21 | $1,196,433 |
Midwest Gastrointestinal Medical Services | 12/30/21 | $296,250 |
Avel Ecare Telemedicine Services | 12/30/21 | $221,616 |
Cassling Diagnostic Imaging Medical Services | 12/30/21 | $304,101 |
Palliative Care Associates Medical Services | 12/30/21 | $243,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,636,445 |
| Investment income | $1,609,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $221,200 |
| Net Gain/Loss on Asset Sales | $667,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,137 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,306,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,044,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,327,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,818,607 |
| Payroll taxes | $2,839,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,398 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $3,926 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,724 |
| Fees for services: Other | $13,918,827 |
| Advertising and promotion | $247,965 |
| Office expenses | $655,201 |
| Information technology | $12,322 |
| Royalties | $0 |
| Occupancy | $5,264,893 |
| Travel | $154,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,813,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,607,429 |
| Insurance | $604,160 |
| All other expenses | $0 |
| Total functional expenses | $112,088,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,770,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,430,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $611,619 |
| Inventories for sale or use | $2,430,487 |
| Prepaid expenses and deferred charges | $517,550 |
| Investments—publicly traded securities | $43,550,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,820,264 |
| Total assets | $109,967,706 |
| Accounts payable and accrued expenses | $25,666,177 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,330,831 |
| Total liabilities | $75,997,008 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $33,970,698 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Methodist Fremont Health has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |