Overview
What is Holyoke Medical Center Inc?
Holyoke Medical Center Inc, located in Holyoke, Massachusetts, is a comprehensive healthcare provider dedicated to serving the community with high-quality and efficient care. With a commitment to cultural diversity and competencies, they offer a range of services including inpatient, outpatient, OB/GYN, and emergency healthcare. Inpatient services encompass medical, surgical, critical care, cardiac, obstetrical, psychiatric, and oncology care. During the previous fiscal year, HMC provided 38,188 patient days of inpatient services and 334,334 outpatient visits. Their mission is to enhance the health of their community through expert and compassionate care, education, and community partnerships, while inspiring hope and fostering innovation and growth. The organization employs approximately 1875 individuals and ensures financial responsibility to maintain the viability of their mission.
Official website here: www.holyokehealth.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star Rating)
Holyoke Medical Center Inc has received an 81% score from Charity Navigator, indicating a solid level of accountability and financial management. The overall rating is derived solely from its performance in the Accountability & Finance category, where it scored well across various metrics. The organization boasts a high percentage of independent board members and effective oversight, contributing to its strong governance practices.
The center demonstrates robust financial health, with a program expense ratio of 83.76%, which indicates that a significant majority of its expenses are directed towards its programs. Additionally, it has established comprehensive policies for conflict of interest, whistleblower protections, and document retention, affirming its commitment to transparency and ethical standards.
While the rating reflects positively on its operational practices, it is important to note that the overall score is based exclusively on financial accountability, leaving out potential insights into program effectiveness or community impact. This may suggest that while the organization is well-managed financially, further evaluation of its program outcomes would provide a more complete picture of its effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Holyoke Medical Center Inc legitimate?
Holyoke Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holyoke 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: $584,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,054,849
For more financial information, click here
Official website here: www.holyokehealth.com
What is the mission statement of Holyoke Medical Center Inc?
Holyoke Medical Center Inc is dedicated to enhancing the health and well-being of individuals in their community. They strive to deliver care with integrity, respect, and dignity for patients, visitors, and staff. Through their commitment to expert and compassionate care, education, knowledge sharing, community partnerships, innovation, and growth, they inspire hope and serve as good stewards of resources, offering efficient and cost-effective care to all.
Official website here: www.holyokehealth.com
Who is the CEO of Holyoke Medical Center Inc?
Spiridon E Hatiras is the President & Ceo, Clerk of Holyoke Medical Center Inc. The CEO's salary of Holyoke Medical Center Inc is $0 and their total compensation is $896,645.
Official website here: www.holyokehealth.com
What is the revenue of Holyoke Medical Center Inc?
Holyoke Medical Center Inc's revenue in 2022 was $220,302,598.
Official website here: www.holyokehealth.com
Who are the executives of Holyoke Medical Center Inc and what are their salaries?
The average compensation at Holyoke Medical Center Inc during 2022 was $56,341. There are 1875 employees and 60 volunteers at Holyoke Medical Center Inc.
Here are 19 key members and their salaries (Holyoke Medical Center Inc's CEO's salary is $0 and their total compensation is $896,645):
- Compensation: $332,648
- Related: $0
- Other: $43,952
- Compensation: $197,883
- Related: $0
- Other: $10,227
- Compensation: $0
- Related: $826,583
- Other: $70,062
- Compensation: $0
- Related: $279,705
- Other: $37,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $879,348
- Related: $0
- Other: $22,532
- Compensation: $834,665
- Related: $0
- Other: $22,532
- Compensation: $803,664
- Related: $0
- Other: $22,532
- Compensation: $717,997
- Related: $0
- Other: $22,532
- Compensation: $704,488
- Related: $0
- Other: $6,104
Official website here: www.holyokehealth.com
Where can I find the form 990 for Holyoke Medical Center Inc?
Holyoke Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holyokehealth.com
Learn more at the official website: www.holyokehealth.com
Mission Statement of Holyoke Medical Center Inc
Holyoke Medical Center Inc, a dedicated acute care hospital, is committed to enhancing the health and wellbeing of individuals within its community. With a strong sense of honesty, respect, and dignity, this organization delivers expert and compassionate care, ensuring each patient receives personalized attention. Through education and knowledge sharing, Holyoke Medical Center fosters a culture of growth and innovation, inspiring hope in those it serves.
Established with a mission to better the health of all, Holyoke Medical Center accomplishes its goals through various means. It offers efficient and cost-effective care to its patients, acting as responsible stewards of resources. By forging community partnerships, the organization extends its reach and impact beyond the hospital walls. Holyoke Medical Center's team is dedicated to providing care that goes beyond medical treatment, focusing on the emotional and social needs of its patients as well.
In their ongoing pursuit of excellence, Holyoke Medical Center prioritizes the wellbeing of patients, visitors, and staff. They approach care with a compassionate touch, ensuring each person feels seen, heard, and respected. By fostering a collaborative and innovative environment, the organization encourages continuous improvement and growth, ultimately contributing to a healthier and thriving community.
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Impact
October, 2024
Holyoke Medical Center Inc plays a vital role in enhancing the health and well-being of the residents of Holyoke, MA, and surrounding communities. By providing a broad spectrum of acute care services—including inpatient, outpatient, and emergency medical services—HMC addresses the diverse health needs of its population.
The center's commitment to compassionate care is evident in its focus on cultural diversity and inclusion, ensuring that healthcare services are accessible and relevant to various population groups. HMC actively identifies significant health needs within the community and strives to meet these needs through the provision of primary and secondary healthcare services.
In addition to direct patient care, Holyoke Medical Center emphasizes health education and outreach, aiming to empower community members with knowledge and resources to promote overall wellness. The organization supports healthcare professionals by creating an environment that fosters growth, skill utilization, and professional development, while also offering competitive wages and safe working conditions.
Furthermore, HMC prioritizes financial responsibility, which is essential for sustaining its mission and ensuring continued access to healthcare services for the community. Its dedication to community benefits programs specifically targets the medically and economically vulnerable populations, working collaboratively with individuals and organizations to improve public health outcomes.
With significant service metrics—including over 38,000 inpatient days, more than 334,000 outpatient visits, and around 42,000 emergency department visits in FY 2022—Holyoke Medical Center stands as a cornerstone of healthcare in the region, dedicated to improving the health status of all individuals it serves through expert, compassionate care and a commitment to community engagement and innovation.
This information is meant to be a general summary of Holyoke 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: $457,637
- Program Service Revenue: $204,628,982
- Gross Receipts: $220,745,740
Assets and Liabilities:
- Total Assets: $113,711,951
- Total Liabilities: $79,971,512
- Net Assets: $33,740,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient Service Revenue
Revenue
$183,844,326
340B Pharmacy
Revenue
$8,165,335
Revenue Relief Payments
Revenue
$7,151,704
Miscellaneous Revenue
Revenue
$3,945,599
Affiliate Management Fees
Revenue
$717,100
Organization Details
Founding Year
1984
Phone
(413) 534-2667Principal Officer
Spiridon E Hatiras
Main Address
575 Beech Street, Holyoke, MA, 010402223
Website
www.holyokehealth.comNTEE Category
Code: E220 - Health
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