Overview
What is Beth Israel Medical Center Holding Corporation?
Beth Israel Medical Center Holding Corporation is a corporate entity situated in New York, specifically at 16th Street and First Avenue in Manhattan. Its primary purpose is to oversee and coordinate related healthcare affiliates, serving as the sole corporate member of three exempt entities. In the realm of healthcare investments, the corporation focuses on supporting new, existing, and startup businesses that prioritize population health management. These ventures aim to enhance the quality of care, decrease the cost of medical services, and expand and enhance access to healthcare for historically underserved populations. In 2012, the corporation acquired a stake in Mount Sinai Healthcare Ventures, Inc., managing two partnerships providing services to urgent care centers. Additionally, in 2015, they acquired a 10% share in Island Ambulatory Surgery Center, LLC, situated in Brooklyn, NY. During 2022, there were no further investments or divestments reported.
Is Beth Israel Medical Center Holding Corporation legitimate?
Beth Israel Medical Center Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beth Israel Medical Center Holding Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Beth Israel Medical Center Holding Corporation?
Beth Israel Medical Center Holding Corporation's mission is to invest in new, existing, and startup healthcare businesses with a focus on population health management. The corporation's key criteria for assessing such opportunities include their ability to improve the quality of care, reduce the cost of delivering medical services, and expand and enhance access to services for populations that have historically been denied equality. By doing so, the corporation aims to contribute to the betterment of healthcare services, ensuring they are more accessible and cost-effective for a broader population.
Who is the CEO of Beth Israel Medical Center Holding Corporation?
Michael Pastier is the Former Officer (End Jul 2022) of Beth Israel Medical Center Holding Corporation.
What is the revenue of Beth Israel Medical Center Holding Corporation?
Beth Israel Medical Center Holding Corporation's revenue in 2022 was $700,200.
Who are the executives of Beth Israel Medical Center Holding Corporation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $1,686,861
- Other: $51,704
- Compensation: $0
- Related: $1,638,624
- Other: $41,771
- Compensation: $0
- Related: $1,431,552
- Other: $81,070
- Compensation: $0
- Related: $1,273,604
- Other: $41,879
- Compensation: $0
- Related: $1,230,747
- Other: $54,265
- Compensation: $0
- Related: $812,074
- Other: $64,614
- Compensation: $0
- Related: $719,792
- Other: $41,668
- Compensation: $0
- Related: $541,863
- Other: $56,133
- Compensation: $0
- Related: $419,533
- Other: $34,250
Where can I find the form 990 for Beth Israel Medical Center Holding Corporation?
Beth Israel Medical Center Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beth Israel Medical Center Holding Corporation
Beth Israel Medical Center Holding Corporation, as the sole corporate member of three related entities, aims to invest in new, existing, and start-up healthcare businesses. The organization's mission is centered around population health management, with a focus on improving the quality of care, reducing the cost of delivering medical services, and expanding and enhancing the access to healthcare services for historically underrepresented populations. By adhering to these key criteria, Beth Israel Medical Center Holding Corporation seeks to drive positive change in the healthcare sector, ensuring equitable access to essential services for all.
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Impact
October, 2024
Beth Israel Medical Center Holding Corporation plays a significant role in the healthcare landscape by providing essential supervisory and coordination services to its affiliated entities. By serving as the sole corporate member of three exempt organizations, it streamlines operations and enhances efficiency within the network.
The corporation's strategic investments, such as the acquisition of Mount Sinai HC Ventures, Inc., demonstrate its commitment to expanding healthcare services. This entity engages in management services partnerships for urgent care centers, which are crucial for addressing immediate health concerns and improving access to care. Additionally, the 10% stake in Island Ambulatory Surgery Center reflects BIMC Holding Corporation's focus on enhancing surgical services in Brooklyn, NY.
Crucially, the corporation's mission centers on investing in healthcare businesses that prioritize population health management. By targeting initiatives aimed at improving care quality, reducing costs, and expanding access for historically underserved populations, BIMC Holding Corporation seeks to foster health equity and transform healthcare delivery. Its efforts not only reinforce the operational framework of its affiliates but also drive systemic improvements in the healthcare sector, ultimately benefiting communities in need.
This information is meant to be a general summary of Beth Israel Medical Center Holding Corporation. 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.
- Program Service Revenue: $700,200
- Gross Receipts: $700,200
Assets and Liabilities:
- Total Assets: $2,562,353
- Total Liabilities: $2,331,398
- Net Assets: $230,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GAIN FROM SUBSIDIARY
Revenue
$894,245
LOSS FROM JV
Revenue
-$194,045
Organization Details
Founding Year
1987
Phone
(646) 605-4217Principal Officer
Michael Pastier
Main Address
16TH STREET AT FIRST AVENUE, NEW YORK, NY, 10003
NTEE Category
Code: E21 - Health
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