Overview
What is Emerson Hospital?
Emerson Hospital is a 199-bed, acute care, non-profit community hospital situated in Concord, Massachusetts. With a team of over 2,400 employees, the hospital provides essential medical services to approximately 300,000 individuals from 25 towns. Emerson Hospital houses several units, including three medical/surgical units, a locked behavioral health unit, a locked maternity/obstetrics unit, a critical care unit, a short-term rehabilitation transitional care unit, a pediatrics unit, and a special care nursery. In 2021, the hospital served 6,833 inpatients, 1,795 observation patients, and recorded a total of 36,342 patient days. The hospital's mission is to deliver high-quality, safe, and cost-effective care to its patients while maintaining a professional and respectful environment for all members of the Emerson Hospital community.
Official website here: www.emersonhospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
Emerson Hospital has received an 87% score from Charity Navigator, resulting in a Three-Star rating, primarily based on its Accountability & Finance performance. The evaluation indicates that the organization adheres to strong financial practices, achieving full marks in several areas such as independent board member composition and financial oversight, which reflects a commitment to transparency and effective governance.
The hospital demonstrates a robust program expense ratio of 82.11%, indicating that a significant portion of its expenditures is directed towards its programs and services. Additionally, it has implemented key policies such as conflict of interest and whistleblower protections, showcasing a commitment to ethical standards. The presence of an independent board and an audit committee further reinforces its financial accountability.
However, there is a notable area for improvement, as the liabilities to assets ratio is 62.36%, which may indicate financial stress or a lower capacity for financial flexibility. While the overall accountability measures are strong, stakeholders may want to monitor this aspect closely to ensure long-term sustainability. Overall, Emerson Hospital exhibits solid organizational practices but may need to focus on optimizing its financial structure.
This AI summary has been generated from information found on Charity Navigator.
Is Emerson Hospital legitimate?
Emerson Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Emerson Hospital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,708,696
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,584,480
For more financial information, click here
Official website here: www.emersonhospital.org
What is the mission statement of Emerson Hospital?
Emerson Hospital is dedicated to delivering top-notch, safe, and cost-effective healthcare to its patients. The institution prides itself on maintaining a respectful environment for all members of its community. In their mission, Emerson Hospital strives to meet or surpass the expectations of customers, including patients, healthcare professionals, employees, and payers. They define superior quality as adhering to or exceeding the requirements of these various customer groups.
Official website here: www.emersonhospital.org
Who is the CEO of Emerson Hospital?
Stephen Coco is the Chair of Emerson Hospital. The CEO's salary of Emerson Hospital is $1,251,184 and their total compensation is $1,489,874.
Official website here: www.emersonhospital.org
What is the revenue of Emerson Hospital?
Emerson Hospital's revenue in 2022 was $351,532,242.
Official website here: www.emersonhospital.org
Who are the executives of Emerson Hospital and what are their salaries?
The average compensation at Emerson Hospital during 2022 was $67,113. There are 2448 employees and 412 volunteers at Emerson Hospital.
Here are 28 key members and their salaries (Emerson Hospital's CEO's salary is $1,251,184 and their total compensation is $1,489,874):
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- Compensation: $1,251,184
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- Other: $238,690
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- Related: $1,579,987
- Other: $30,507
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- Compensation: $103,458
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- Compensation: $556,968
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- Other: $86,087
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- Related: $1,098,691
- Other: $24,207
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- Related: $735,564
- Other: $8,313
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- Related: $605,075
- Other: $30,507
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- Related: $599,491
- Other: $24,207
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- Related: $595,187
- Other: $21,226
- Compensation: $669,698
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- Other: $71,060
Official website here: www.emersonhospital.org
Where can I find the form 990 for Emerson Hospital?
Emerson Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emersonhospital.org
Learn more at the official website: www.emersonhospital.org
Mission Statement of Emerson Hospital
Emerson Hospital, a renowned non-profit community hospital, is dedicated to delivering exceptional medical care to approximately 300,000 individuals spread across 25 towns. The mission of Emerson Hospital is multifaceted, encompassing the provision of high-quality, safe, and cost-effective care to all patients. The hospital prides itself on maintaining a professional and respectful environment for all members of its community.
High quality care, as defined by Emerson Hospital, goes beyond meeting the basic requirements of customers, including patients, physicians, employees, the community, and payers. The hospital strives to exceed expectations in every aspect, ensuring the best possible healthcare experience for all. Emerson Hospital's team of skilled professionals is committed to working collaboratively with patients and their families to understand their unique needs and develop personalized care plans.
The hospital offers a wide range of medical, surgical, and specialty care services, enabling it to address the diverse healthcare needs of its large and diverse patient population. Emerson Hospital's unwavering commitment to quality care and patient-centered services has earned it a reputation as a trusted healthcare provider in the community.
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Impact
October, 2024
Emerson Hospital plays a crucial role in the health and well-being of approximately 300,000 individuals across 25 towns. As a 199-bed acute care facility, it provides a comprehensive range of medical, surgical, and specialty care services, ensuring that local communities have access to essential healthcare resources.
The hospital's commitment to delivering high-quality, safe, and cost-effective care is evident in its various inpatient services, including three medical/surgical units, a critical care unit, and specialized units for behavioral health, maternity, pediatrics, and short-term rehabilitation. In the past year, Emerson Hospital has served over 6,800 inpatients and nearly 1,800 observation patients, contributing to a significant number of patient days—36,342 in total.
By maintaining a professional and respectful environment, Emerson Hospital not only fulfills the healthcare needs of its patients but also fosters a supportive community for physicians, employees, and other stakeholders. Their mission to meet or exceed the expectations of patients and the surrounding community highlights their integral role in promoting health and well-being in the region.
This information is meant to be a general summary of Emerson Hospital. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$375,212
- Program Service Revenue: $315,138,632
- Gross Receipts: $351,847,532
Assets and Liabilities:
- Total Assets: $262,100,306
- Total Liabilities: $163,462,541
- Net Assets: $98,637,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$315,138,632
Organization Details
Founding Year
1924
Phone
(978) 287-8709Principal Officer
Stephen Coco
Main Address
133 OLD ROAD TO NINE ACRE CORNER, CONCORD, MA, 01742
Website
www.emersonhospital.orgNTEE Category
Code: E220 - Health
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