Louisiana Childrens Medical Center

Louisiana Childrens Medical Center Overview

Louisiana Childrens Medical Center is located in New Orleans, LA. The organization was established in 2009. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Louisiana Childrens Medical Center employed 2,496 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, Louisiana Childrens Medical Center generated $382.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $387.1m during the year ending 12/2019. While expenses have increased by 31.5% 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

THE PRIMARY PURPOSE OF LCMC IS TO CREATE, MAINTAIN, AND GROW HEALTH CARE SERVICES IN THE GREATER NEW ORLEANS AREA CONSISTENT WITH ITS OPERATION OF WEST JEFFERSON MEDICAL CENTER AND THE CHARITABLE MISSION OF THE LCMC AFFILIATES. LCMC PROVIDES SUPPORT AND MANAGEMENT SERVICES TO THE SYSTEM ENTITIES SO THAT THE ENTITIES IN TURN CAN FOCUS THEIR EFFORTS ON CARRYING OUT THEIR EXEMPT PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOUISIANA CHILDREN'S MEDICAL CENTER (LCMC) IS A LOUISIANA NON-STOCK NOT-FOR-PROFIT CORPORATION THAT WAS INCORPORATED IN 2009, WITH ITS FOUNDING MEMBER BEING CHILDREN'S HOSPITAL (CHILDREN'S). THROUGH A HEALTH CARE SYSTEM AGREEMENT (SYSTEM AGREEMENT) BETWEEN LCMC, CHILDREN'S, TOURO INFIRMARY AND ITS SUBSIDIARIES (TOURO), AND COOPERATIVE ENDEAVOR AGREEMENTS (CEAS) WITH UNIVERSITY MEDICAL CENTER MANAGEMENT CORPORATION (UMCMC) AND WEST JEFFERSON HOLDINGS, LLC (WEST JEFFERSON), THESE PARTIES HAVE DETERMINED THAT TOGETHER THEY CAN PROVIDE A MULTI-HOSPITAL, NOT-FOR-PROFIT COMMUNITY-BASED, SYSTEM THAT WILL PROVIDE A CONTINUUM OF CARE TO THE FAMILIES OF THE GULF SOUTH REGION. LCMC, CHILDREN'S, TOURO, UMCMC, AND WEST JEFFERSON ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE SYSTEM. LCMC FUNCTIONS AS THE SYSTEM PARENT WITH RESERVE POWERS TO BE EXERCISED TO PROMOTE THE BEST INTERESTS OF THE SYSTEM AND ITS AFFILIATES. ALL CORPORATE POWERS OF THE SYSTEM ARE VESTED IN THE BOARD OF TRUSTEES OF LCMC. CHILDREN'S PROVIDES COMPREHENSIVE PEDIATRIC HEALTHCARE THAT MEETS THE SPECIAL NEEDS OF CHILDREN THROUGH EXCELLENCE AND CONTINUOUS IMPROVEMENT OF PATIENT CARE, EDUCATION, AND RESEARCH. TOURO, FORMED IN 1852, SERVES THE GREATER NEW ORLEANS COMMUNITY AS A PREMIER, DIVERSE, MULTI-SPECIALTY HOSPITAL, CARING FOR THE SICK REGARDLESS OF RACE, COLOR, CREED, RELIGIOUS AFFILIATION, OR ABILITY TO PAY. UMCMC OPERATES UNIVERSITY MEDICAL CENTER IN NEW ORLEANS (UMC). UMCMC IS A PROVIDER OF CHARITY CARE FOR THE UNINSURED AND PLAYS A VITAL ROLE AS A STATEWIDE REFERRAL CENTER FOR PATIENTS IN NEED OF TERTIARY CARE. UMCMC ALSO PROVIDES MEDICAL AND ALLIED HEALTH TRAINING THROUGH ITS AFFILIATION WITH ACADEMIC INSTITUTIONS TO STRENGTHEN AND ENHANCE OPPORTUNITIES TO ACHIEVE THE STATE'S MEDICAL EDUCATION, CLINICAL CARE, AND RESEARCH GOALS.IN TAX YEAR 2019, LCMC AND ITS AFFILIATES PROVIDED TOTAL COMMUNITY BENEFIT EXPENSE OF $737.2 MILLION. THIS AMOUNT REPRESENTED 46% OF THE AFFILIATES COMBINED TOTAL EXPENSE. LCMC AND ITS AFFILIATES PROVIDES SERVICES TO MANY LOW-INCOME RESIDENTS OF THE GREATER NEW ORLEANS AREA. IN 2019, $516.5 MILLION IN EXPENSE (32.4% OF THE AFFILIATES COMBINED TOTAL EXPENSE) WAS INCURRED IN PROVIDING SERVICES FOR MEDICAID RECIPIENTS AND IN PROVIDING FINANCIAL ASSISTANCE. TOURO, CHILDREN'S, AND OTHER HEALTH CARE PROVIDERS IN LOUISIANA HAVE COLLABORATED WITH THE STATE AND UNITS OF LOCAL GOVERNMENT IN LOUISIANA, TO MORE FULLY FUND THE MEDICAID PROGRAM AND ENSURE THE AVAILABILITY OF QUALITY HEALTHCARE SERVICES FOR THE LOW INCOME AND NEEDY RESIDENTS IN THE COMMUNITY POPULATION. THE PROVISION FOR THIS CHARITY CARE DIRECTLY TO LOW INCOME AND NEEDY PATIENTS WILL RESULT IN THE ALLEVIATION OF THE EXPENSE OF PUBLIC FUNDS THE GOVERNMENTAL ENTITIES PREVIOUSLY EXPENDED ON SUCH CARE, THEREBY ALLOWING THE GOVERNMENTAL ENTITIES TO INCREASE SUPPORT FOR THE STATE MEDICAID PROGRAM UP TO THE FEDERAL MEDICAID UPPER PAYMENT LIMITS (UPL). EACH STATE'S METHODOLOGY MUST COMPLY WITH ITS STATE PLAN AND BE APPROVED BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS). FEDERAL MATCHING FUNDS ARE NOT AVAILABLE FOR MEDICAID PAYMENTS THAT EXCEED UPLS. IN TAX YEAR 2018, TOURO AND CHILDREN'S RECEIVED UPL PAYMENTS OF APPROXIMATELY $48.8 MILLION AND $103.1 MILLION RESPECTIVELY, WHICH ARE INCLUDED IN DIRECT OFFSETTING REVENUE ON PART I, LINE 7B IN SCHEDULE H OF THE RESPECTIVE HOSPITAL'S 990S. IN TAX YEAR 2018, WEST JEFFERSON INCLUDED APPROXIMATELY $9.2 MILLION OF ITS UPL RECEIPTS AS DIRECT OFFSETTING REVENUE ON PART I, LINE 7B IN SCHEDULE H OF THE RESPECTIVE 990.


THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, EMERGENCY AND CRITICAL CARE, HOME HEALTH, AND REHABILITATION SERVICES. THE HOSPITAL HAS A TOTAL OF 419 LICENSED PATIENT BEDS. THE HOSPITAL TREATED 10,299 INPATIENTS AND HAD 57,668 OUTPATIENT VISITS DURING 2019. THERE WERE 8,008 SURGERIES (INPATIENT, OUTPATIENT, AND AMBULATORY SURGERY CENTER), 51,993 EMERGENCY DEPARTMENT VISITS AND 1,080 BABIES DELIVERED.


COMMUNITY HEALTH SERVICES AND COMMUNITY BENEFIT OPERATIONS PROVIDE FREE HEALTH EDUCATION PROGRAMS AND SCREENINGS TO THE COMMUNITY. THESE PROGRAMS ARE DESIGNED TO FOCUS ON SOME OF THE MOST PREVALENT DISEASES WITHIN THE COMMUNITY, SUCH AS DIABETES, HEART DISEASE AND CANCER. THESE PROGRAMS ADDRESS PREVENTION, EARLY DETECTION, TREATMENT AND MAINTAINING HEALTHY LIFESTYLES.


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Louisiana Childrens Medical Center Board, Officers & Key Employees

Name (title)Compensation
Gregory C Feirn
Board Member, CEO
$1,767,718
William Masterton
Ceo, Adult Hospital Market
$1,636,293
John Heaton MD
President - Clinical And S
$929,559
Suzzane Haggard
Chief Revenue Officer
$707,569
Damon M Dietrich
Chief Med Information Offi
$501,091
Robert Chugden
Physician
$481,457

Louisiana Childrens Medical Center Vendors

Vendor Name (Service)Compensation
Morris & Dickson Co
Pharmaceutical
$19,669,273
Medassets Inc
Contract Labor
$13,826,759
Omega Diagnostics Llc
Outsourced Laboratory Services
$10,943,476
Aramark Cts Inc
Environmental/dietary Outsourced Service
$10,806,060
Owens & Minor Inc
Med/surg Supplies
$25,045,083
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$157,637
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$157,637
Total Program Service Revenue$341,367,132
Investment income $100,879
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,135,304
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $382,718,243

Louisiana Childrens Medical Center Grants Awarded

Over the last fiscal year, Louisiana Childrens Medical Center has awarded $5,908,549 in support to 3 organizations.

Grant RecipientAmount

LSUHSC NEW ORLEANS

PURPOSE: DURING THE YEAR ENDED DECEMBER 31, 2019. LCMC DONATED $5,773,549 TO LOUISIANA STATE UNIVERSITY HEALTH SCIENCES CENTER IN NEW ORLEANS TO CONTINUE TO EXPAND AND DEVELOP ITS CLINICAL, RESEARCH, AND OTHER CRUCIAL EDUCATIONAL OPPORTUNITIES. THIS SUPPORT INCLUDES, BUT IS NOT LIMITED TO, THE DEPARTMENT OF ANATOMY AND THE NEUROSCIENCE CENTER OF EXCELLENCE PROGRAMS.

$5,773,549

CHILDREN'S HOSPITAL

Org PageRecipient Profile

New Orleans, LA

PURPOSE: COKE SALES COMMISSIONS GO DIRECTLY TO THE LA REHAB WORK(BLIND PROGRAM).

$67,500

TOURO INFIRMARY

PURPOSE: COKE SALES COMMISSIONS GO DIRECTLY TO THE LA REHAB WORK (BLIND PROGRAM).

$67,500
View Grant Profile

Louisiana Childrens Medical Center Grants Recieved

Over the last fiscal year, we have identified 1 grants that Louisiana Childrens Medical Center has recieved totaling $250,000.

Awarding OrganizationAmount
Fore Kids Foundation Inc

Avondale, LA

PURPOSE: GENERAL ASSISTANCE

$250,000
View Grant Recipient Profile

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