Ochsner Lsu Health System Of North Louisiana
- Assets
- $392.8m
- Revenue
- $902.3m
- Investments
- $0.0
- Employees
- 5,399
- Location
- Shreveport, LA
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 83-1605004
Organization Overview
Ochsner Lsu Health System Of North Louisiana, operating under the name Ochsner Lsu Health Shreveport, is located in Shreveport, LA. 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 06/2022, Ochsner Lsu Health Shreveport employed 5,399 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ochsner Lsu Health Shreveport 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 06/2021, Ochsner Lsu Health Shreveport generated $902.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $892.8m during the year ending 06/2021. While expenses have increased by 14.2% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOSPITAL AND MEDICAL CARE TO THE RESIDENTS OF SHREVEPORT AND MONROE, LOUISIANA, AND THEIR SURROUNDING COMMUNITIES THROUGH THE OWNERSHIP AND OPERATION OF THREE SAFETY-NET HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOSPITAL AND MEDICAL CARE TO THE RESIDENTS OF SHREVEPORT AND MONROE, LOUISIANA, AND THEIR SURROUNDING COMMUNITIES THROUGH THE OWNERSHIP AND OPERATION OF THREE SAFETY-NET HOSPITALS. THE SYSTEM SERVED 23,963 INPATIENTS RESULTING IN 135,425 PATIENT DAYS. EMERGENCY ROOM VISITS TOTALED 87,131. THE NUMBER OF BIRTHS TOTALED 5,064. OUTPATIENT HOSPITAL VISITS TOTALED 569,931. OCHSNER LSU HEALTH SYSTEM SERVES AS THE SAFETY NET PROVIDER FOR THE POOR AND UNDER SERVED RESIDING IN NORTH AND CENTRAL LOUISIANA. IN 2022, NEARLY 50% OF ALL PATIENT ENCOUNTERS IN THE HEALTH SYSTEM WERE MEDICAID RECIPIENTS. THE SYSTEM'S HOSPITALS INCLUDE THE ACADEMIC MEDICAL CENTER, A 395-HOSPITAL IN SHREVEPORT, LOUISIANA AND ONE OF THE NATION'S LARGEST INDEPENDENT ACADEMIC MEDICAL CENTERS; THE MONROE MEDICAL CENTER, A 244-BED HOSPITAL IN MONROE, LA AND THE ST. MARY MEDICAL CENTER, A 93-BED HOSPITAL IN SHREVEPORT, LOUISIANA. THE SYSTEM ALSO INCLUDES AN AMBULATORY SURGERY CENTER, OUTPATIENT CLINICS AND URGENT CARE FACILITIES LOCATED THROUGHOUT NORTH LOUISIANA, ALONG WITH A BEHAVIORAL HEALTH FACILITY THAT IS OPERATED AS PART OF A JOINT VENTURE BETWEEN OCHSNER LSU HEALTH SYSTEM AND A THIRD-PARTY PARTNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warner Thomas Director | Trustee | 5 | $0 |
Carolyn Hunt Community Representative | Trustee | 5 | $0 |
Leonardo Seoane MD Director | Trustee | 5 | $0 |
Lester Wayne Johnson MD Director | Trustee | 5 | $0 |
Peter November Director | Trustee | 5 | $0 |
Steve Skrivanos Community Representative | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Floyd Lee Locums Inc Concierge Healthcare Staffing Firm | 6/29/22 | $2,030,337 |
Otis Elevator Company Elevator And Escalator Manufacturing, In | 6/29/22 | $1,559,107 |
Getinge Usa Sales Llc Healthcare And Life Sciences Medtech | 6/29/22 | $1,381,593 |
Hand Construction Llc General Contractor | 6/29/22 | $11,482,961 |
Surgical Solutions Llc Integrated, On-site Support For Minimall | 6/29/22 | $1,302,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,382,819 |
| Investment income | $13,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,724 |
| Net Gain/Loss on Asset Sales | -$215,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,840,161 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $902,271,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,980,905 |
| Pension plan accruals and contributions | $7,901,931 |
| Other employee benefits | $26,512,888 |
| Payroll taxes | $16,866,650 |
| Fees for services: Management | $63,588,326 |
| Fees for services: Legal | $78,350 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,934,574 |
| Advertising and promotion | $510,173 |
| Office expenses | $12,771,017 |
| Information technology | $1,411,950 |
| Royalties | $0 |
| Occupancy | $73,445,417 |
| Travel | $220,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $209,716 |
| Interest | $73,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,707,875 |
| Insurance | $294,780 |
| All other expenses | $0 |
| Total functional expenses | $892,795,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,926,770 |
| Savings and temporary cash investments | $2,604,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,997,673 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,907,568 |
| Prepaid expenses and deferred charges | $6,512,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $319,506 |
| Other assets | $77,935,904 |
| Total assets | $392,846,528 |
| Accounts payable and accrued expenses | $98,451,152 |
| Grants payable | $0 |
| Deferred revenue | $65,375,273 |
| 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 | $2,259,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,843,402 |
| Total liabilities | $279,929,599 |
| 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 | $112,916,929 |
Grants Awarded
Over the last fiscal year, Ochsner Lsu Health System Of North Louisiana has awarded $262,839 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LA PURPOSE: GENERAL ASSISTANCE | $110,339 |
SHREVEPORT REGIONAL ARTS COUNCIL PURPOSE: GENERAL ASSISTANCE | $50,000 |
YMCA OF NORTH LOUISIANA PURPOSE: GENERAL ASSISTANCE | $50,000 |
SHREVEPORT CHAMBER OF COMMERCE PURPOSE: GENERAL ASSISTANCE | $17,500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL ASSISTANCE | $15,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: GENERAL ASSISTANCE | $10,000 |