Overview
What is Milford Regional Medical Center Inc?
Milford Regional Medical Center Inc, located in Milford, Massachusetts, is a prominent healthcare provider with a commitment to delivering quality care to its community. With a workforce of over 2,100 employees, the center aims to meet and exceed healthcare standards, as evidenced by its recent Joint Commission re-accreditation. In response to the COVID-19 pandemic, the center offered drive-thru testing services and performed over 2,600 tests. Milford Regional expanded its surgical capabilities by adding two new da Vinci XiTM robotic systems and opened a new, 10,000-square-foot orthopedics & sports medicine center, offering innovative treatment plans and advanced technologies. The center's laboratory introduced advanced hematology analyzers, enhancing the quality and consistency of care provided. Milford Regional remains dedicated to its mission of delivering healthcare services with dignity, compassion, and respect.
Official website here: www.milfordregional.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 89%, Three-Star out of Four Star rating.
Milford Regional Medical Center Inc has received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial health. The score reflects a strong emphasis on transparency, with a majority of independent board members and comprehensive financial oversight practices in place.
The organization excels in various categories, scoring full points for its conflict of interest policy, whistleblower policy, and effective management of board meeting minutes. Additionally, a high program expense ratio of 87.26% suggests that the majority of its funds are allocated towards its charitable programs, which is a positive indicator of its operational efficiency.
However, the organization’s liabilities to assets ratio stands at 59.45%, which may raise some concerns about its financial leverage and stability. While the charity demonstrates a commitment to accountability, potential donors should consider this aspect when evaluating the overall financial health of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Milford Regional Medical Center Inc legitimate?
Milford Regional Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milford Regional Medical Center Inc 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: $1,479,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,278,218
For more financial information, click here
Official website here: www.milfordregional.org
What is the mission statement of Milford Regional Medical Center Inc?
Milford Regional Medical Center Inc prioritizes delivering quality healthcare services to the community with dignity, compassion, and respect. In 2022, the Joint Commission recognized the hospital's commitment to exceptional care through its re-accreditation. Amidst the COVID-19 pandemic, Milford Regional expanded patient care offerings, enhancing surgical technology, opening a new orthopedics & sports medicine facility, and upgrading the Hematology Department's laboratory. The hospital also provided drive-thru testing during the Omicron variant surge and added two da Vinci XiTM robotic systems to enhance minimally invasive surgical procedures. Milford Regional's Laboratory introduced advanced hematology analyzers, enhancing the quality of care and streamlining workflows.
Official website here: www.milfordregional.org
Who is the CEO of Milford Regional Medical Center Inc?
Elizabeth Cadle is the President And Ceo of Milford Regional Medical Center Inc. The CEO's salary of Milford Regional Medical Center Inc is $785,705 and their total compensation is $823,180.
Official website here: www.milfordregional.org
What is the revenue of Milford Regional Medical Center Inc?
Milford Regional Medical Center Inc's revenue in 2022 was $279,463,994.
Official website here: www.milfordregional.org
Who are the executives of Milford Regional Medical Center Inc and what are their salaries?
The average compensation at Milford Regional Medical Center Inc during 2022 was $51,300. There are 2198 employees and 178 volunteers at Milford Regional Medical Center Inc.
Here are 25 key members and their salaries (Milford Regional Medical Center Inc's CEO's salary is $785,705 and their total compensation is $823,180):
- Compensation: $785,705
- Related: $0
- Other: $37,475
- Compensation: $567,934
- Related: $0
- Other: $108,835
- Compensation: $486,021
- Related: $0
- Other: $9,138
- Compensation: $0
- Related: $489,223
- Other: $0
- Compensation: $25,000
- Related: $425,299
- Other: $0
- Compensation: $391,653
- Related: $0
- Other: $9,636
- Compensation: $313,944
- Related: $0
- Other: $37,475
- Compensation: $327,038
- Related: $0
- Other: $21,066
- Compensation: $261,490
- Related: $0
- Other: $38,067
- Compensation: $201,550
- Related: $0
- Other: $24,979
- Compensation: $195,179
- Related: $0
- Other: $27,968
- Compensation: $2,190
- Related: $0
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Official website here: www.milfordregional.org
Where can I find the form 990 for Milford Regional Medical Center Inc?
Milford Regional Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.milfordregional.org
Learn more at the official website: www.milfordregional.org
Mission Statement of Milford Regional Medical Center Inc
Milford Regional Medical Center Inc, a renowned healthcare provider, is dedicated to delivering quality healthcare services to the community with utmost dignity, compassion, and respect. The organization's unwavering commitment to patient care is reflected in its consistent adherence to healthcare standards, as evidenced by its 2022 re-accreditation by The Joint Commission.
Amidst the ongoing COVID-19 pandemic, Milford Regional Medical Center Inc continued to prioritize the health and safety of its community. In the initial months of 2022, the hospital focused on testing and treatment of the virus, conducting over 2,600 COVID tests for the community and its employees. The hospital's efforts contributed to early detection and treatment, helping to contain the spread and provide access to care.
Beyond its COVID-19 response, Milford Regional Medical Center Inc expanded its healthcare offerings in various ways. It opened a new orthopedics & sports medicine facility, which houses a team of highly skilled providers offering innovative treatment plans for musculoskeletal conditions. The hospital also added two new da Vinci XiTM Robotic systems, enabling minimally invasive surgical procedures and optimizing patient outcomes. Moreover, the laboratory introduced advanced technology and automation, enhancing the quality of care and reducing turn-around times on differential counts. Through these initiatives and more, Milford Regional Medical Center Inc continues to set the bar high for exceptional healthcare services in its community.
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Impact
October, 2024
Milford Regional Medical Center Inc plays a vital role in enhancing healthcare accessibility and quality for the community it serves. Its mission focuses on delivering high-quality services with dignity, compassion, and respect, which is central to the hospital's operations.
In 2022, Milford Regional achieved re-accreditation from The Joint Commission, a testament to its commitment to maintain and exceed rigorous healthcare standards. This recognition underscores the hospital's dedication to providing exceptional patient care and continuous improvement.
During the challenging times of the COVID-19 pandemic, Milford Regional stepped up by offering drive-thru testing, conducting over 2,600 tests to help manage the virus's spread. This proactive approach not only facilitated early treatment but also reinforced the hospital’s role as a trusted health resource within the community.
The expansion of surgical services through the addition of two da Vinci Xi™ Robotic systems greatly improves the hospital's capacity to perform minimally invasive procedures, ensuring optimal patient outcomes. Moreover, the opening of a new tandem dialysis suite reflects a targeted effort to accommodate the growing needs of patients requiring specialized care.
Milford Regional's Orthopedics & Sports Medicine Center, a state-of-the-art 10,000-square-foot facility, demonstrates its commitment to providing comprehensive musculoskeletal care tailored for both adults and children. The introduction of innovative treatment options, such as Platelet-Rich Plasma Injections, further highlights its dedication to advancing patient care through effective, cutting-edge solutions.
Additionally, the investment in automated hematology analyzers enhances the efficiency and accuracy of laboratory services, which leads to timely diagnostics and improved patient care. Overall, Milford Regional Medical Center Inc significantly impacts the health and well-being of the Milford community by consistently striving to upgrade its services, embrace new technologies, and respond effectively to community health needs.
This information is meant to be a general summary of Milford Regional Medical Center Inc. 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: $5,281,735
- Program Service Revenue: $254,895,392
- Gross Receipts: $283,474,961
Assets and Liabilities:
- Total Assets: $249,153,526
- Total Liabilities: $149,756,215
- Net Assets: $99,397,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Inpatient/Outpatient revenue
Revenue
$254,895,392
Organization Details
Founding Year
1903
Phone
(508) 473-1190Principal Officer
Elizabeth Cadle
Main Address
14 PROSPECT STREET, MILFORD, MA, 017573090
Website
www.milfordregional.orgNTEE Category
Code: E220 - Health
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