Overview
What is Memorial Hermann Pharmacy Services Llc?
Memorial Hermann Pharmacy Services Llc is a nonprofit pharmacy organization affiliated with Memorial Hermann Health System, based in Houston, Texas. Their primary focus is on providing advanced technology-driven pharmacy services to Memorial Hermann's section 501(c)(3) hospitals. Dedicated to addressing the pharmaceutical needs of patients, approximately 95% of their activities cater to Memorial Hermann hospital patients. Although there may be occasional sales to the general public, their primary mission aligns with the health system's mission to improve community health. As a values-driven community-owned organization, Memorial Hermann Pharmacy Services strive to create healthier communities now and for future generations.
Official website here: www.memorialhermann.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Memorial Hermann Pharmacy Services LLC has received a rating of 66% from Charity Navigator, which classifies it as needing improvement. The organization excels in accountability and finance, achieving a perfect score in several areas such as audit oversight and conflict of interest policies. However, the lack of independent board members raises concerns about governance and oversight.
While the organization maintains a high program expense ratio, indicating that nearly all of its expenses are directed toward its mission, it struggles with a significant liabilities to assets ratio of 88.78%. This high ratio suggests potential financial stability issues, which could affect its long-term sustainability and ability to fulfill its mission effectively.
Additionally, the absence of the nonprofit's tax form on its website is a noted limitation, reflecting a lack of transparency that may deter potential donors. Despite its solid governance policies, these challenges highlight the need for improvements in both financial management and governance practices to enhance the organization's overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Hermann Pharmacy Services Llc legitimate?
Memorial Hermann Pharmacy Services Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Hermann Pharmacy Services Llc 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: $3,978,610
For more financial information, click here
Official website here: www.memorialhermann.org
What is the mission statement of Memorial Hermann Pharmacy Services Llc?
Memorial Hermann Pharmacy Services Llc is a nonprofit, values-driven health system committed to enhancing community health. Their mission is to create healthier communities, both now and for future generations. Guided by their core values of community, compassion, credibility, and courage, they dedicate their efforts to improving health. The pharmacy is an integral part of Memorial Hermann Health System, utilizing advanced technology and interdisciplinary collaboration to meet patients' pharmaceutical needs. With a focus on serving patients of the Memorial Hermann 501(c)(3) hospitals, they primarily fill prescriptions for over 95% of their clients. Although they occasionally cater to the general public, their primary objective remains addressing the pharmaceutical requirements of patients within their healthcare system.
Official website here: www.memorialhermann.org
Who is the CEO of Memorial Hermann Pharmacy Services Llc?
David Callender Md is the Principal Officer of Memorial Hermann Pharmacy Services Llc.
Official website here: www.memorialhermann.org
What is the revenue of Memorial Hermann Pharmacy Services Llc?
Memorial Hermann Pharmacy Services Llc's revenue in 2022 was $109,467,672.
Official website here: www.memorialhermann.org
Who are the executives of Memorial Hermann Pharmacy Services Llc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $3,133,129
- Other: $421,070
- Compensation: $0
- Related: $1,540,649
- Other: $240,520
- Compensation: $0
- Related: $1,264,861
- Other: $179,588
- Compensation: $0
- Related: $355,894
- Other: $80,218
Official website here: www.memorialhermann.org
Where can I find the form 990 for Memorial Hermann Pharmacy Services Llc?
Memorial Hermann Pharmacy Services Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorialhermann.org
Learn more at the official website: www.memorialhermann.org
Mission Statement of Memorial Hermann Pharmacy Services Llc
Memorial Hermann Pharmacy Services Llc, a nonprofit, values-driven, community-owned health system, is dedicated to improving health and creating healthier communities for generations to come. With a commitment to community, compassion, credibility, and courage, this health system operates on the leading edge of technology and offers extensive clinical programs. Memorial Hermann Pharmacy Services Llc's mission is to address the pharmaceutical needs of patients in their hospitals through innovative pharmacy practice models and interdisciplinary collaboration.
Memorial Hermann Pharmacy Services Llc's substantial activities are focused on serving 95% of the individuals receiving services who are filling prescriptions, either initial or refills, in connection with care provided as a patient of one of Memorial Hermann's 501(c)(3) hospitals. Although there might be some incidental sales to the general public, the pharmacy's primary purpose is to cater to the pharmaceutical requirements of Memorial Hermann's hospital patients. By operating in this manner, Memorial Hermann Pharmacy Services Llc contributes significantly to ensuring that the patients in their care receive optimal pharmaceutical support alongside their medical treatment.
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Impact
October, 2024
Memorial Hermann Pharmacy Services LLC significantly enhances healthcare delivery in the Houston area through innovative pharmacy programs and a strong focus on patient care. By providing pharmacy services directly linked to the treatment and care of patients within the Memorial Hermann network, the organization ensures that approximately 95% of individuals receiving medications are doing so in conjunction with their hospital care.
The pharmacy operates on the forefront of technology, employing advanced clinical programs and collaborating across disciplines to improve health outcomes. This commitment is rooted in a mission to create healthier communities, emphasizing values such as community, compassion, credibility, and courage. By streamlining the prescription-filling process and maintaining a shared system formulary, Memorial Hermann Pharmacy Services fosters better communication among healthcare providers and enhances the overall patient experience.
In essence, Memorial Hermann Pharmacy Services LLC plays a crucial role in supporting the health system's goals by addressing the pharmaceutical needs of patients effectively and efficiently, thereby contributing to improved health outcomes and community wellness.
This information is meant to be a general summary of Memorial Hermann Pharmacy Services Llc. 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: $11,410
- Program Service Revenue: $109,456,262
- Gross Receipts: $109,467,672
Assets and Liabilities:
- Total Assets: $23,074,332
- Total Liabilities: $26,328,468
- Net Assets: -$3,254,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT REVENUE PHARMACY
Revenue
$109,456,262
Organization Details
Founding Year
2005
Phone
(713) 338-4552Principal Officer
David Callender Md
Main Address
929 Gessner Rd Suite 1900, Houston, TX, 77024
Website
www.memorialhermann.orgNTEE Category
Code: E60 - Health
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