Overview
What is Hackensack Meridian Health Medical Group- Specialty Care?
Hackensack Meridian Health Medical Group- Specialty Care is the physician services component of Hackensack Meridian Health, a renowned tax-exempt integrated healthcare delivery network. As the largest provider of inpatient and outpatient services in New Jersey, Hackensack University Medical Center, a 775-bed nonprofit academic, research, and medical center, leads this endeavor. By promoting, supporting, and furthering the charitable purposes, programs, and services of HMH Hospitals Corp, the medical group aims to make a significant impact on health care in New Jersey.
Official website here: www.hackensackmeridianhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hackensack Meridian Health Medical Group - Specialty Care received a two-star rating from Charity Navigator, indicating significant areas for improvement. With an overall score of 66%, the organization displays strengths in financial oversight, having no material diversion of assets and a solid program expense ratio of 97.35%. These factors suggest that the majority of their expenditures are directed towards their programmatic goals.
However, the organization is notably lacking in governance, as evidenced by 0% independent board members and a missing tax form on their website. This raises concerns about accountability and transparency, which are critical components of effective nonprofit management. The liabilities to assets ratio of 93.62% also points to potential financial instability, suggesting that the organization may face challenges in managing its financial obligations.
In summary, while Hackensack Meridian Health Medical Group - Specialty Care demonstrates commendable program spending and effective financial policies, the lack of independent governance and transparency issues warrant caution for potential donors and stakeholders. Addressing these limitations could enhance their credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hackensack Meridian Health Medical Group- Specialty Care legitimate?
Hackensack Meridian Health Medical Group- Specialty Care is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hackensack Meridian Health Medical Group- Specialty Care 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: $168,955,953
For more financial information, click here
Official website here: www.hackensackmeridianhealth.org
What is the mission statement of Hackensack Meridian Health Medical Group- Specialty Care?
Hackensack Meridian Health Medical Group- Specialty Care serves as the physician services component of a tax-exempt integrated healthcare delivery network. Its mission aligns with the charitable purposes, programs, and services of Hackensack Universities Medical Center, a prominent nonprofit academic, research, and medical center in New Jersey. With a strong commitment to the healthcare community, this group aims to promote and support the noble objectives of Hackensack Meridian Health, a leading healthcare provider in the state. The organization's activities are geared towards enhancing the quality of care and services delivered by Hackensack University Medical Center.
Official website here: www.hackensackmeridianhealth.org
Who is the CEO of Hackensack Meridian Health Medical Group- Specialty Care?
James Clarke Md is the Principal Officer of Hackensack Meridian Health Medical Group- Specialty Care.
Official website here: www.hackensackmeridianhealth.org
What is the revenue of Hackensack Meridian Health Medical Group- Specialty Care?
Hackensack Meridian Health Medical Group- Specialty Care's revenue in 2022 was $278,335,744.
Official website here: www.hackensackmeridianhealth.org
Who are the executives of Hackensack Meridian Health Medical Group- Specialty Care and what are their salaries?
The average compensation at Hackensack Meridian Health Medical Group- Specialty Care during 2022 was $169,805. There are 995 employees at Hackensack Meridian Health Medical Group- Specialty Care.
Here are 6 key members and their salaries:
- Compensation: $5,143,527
- Related: $0
- Other: $18,937
- Compensation: $1,915,420
- Related: $0
- Other: $21,928
- Compensation: $1,763,638
- Related: $0
- Other: $43,167
- Compensation: $1,629,121
- Related: $0
- Other: $140,493
- Compensation: $0
- Related: $1,696,930
- Other: $51,398
- Compensation: $1,317,797
- Related: $0
- Other: $51,968
Official website here: www.hackensackmeridianhealth.org
Where can I find the form 990 for Hackensack Meridian Health Medical Group- Specialty Care?
Hackensack Meridian Health Medical Group- Specialty Care's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hackensackmeridianhealth.org
Learn more at the official website: www.hackensackmeridianhealth.org
Mission Statement of Hackensack Meridian Health Medical Group- Specialty Care
Hackensack Meridian Health Medical Group- Specialty Care, a crucial component of Hackensack Meridian Health, operates as a physician services arm of a tax-exempt integrated healthcare delivery network. This nonprofit organization exists to support and further the charitable purposes, programs, and services of Hackensack Meridian Health Hospitals Corp. Hackensack University Medical Center, as the largest provider of inpatient and outpatient services in New Jersey, is where this medical group is affiliated. With a proud membership in Hackensack Meridian Health, the medical group plays a significant role in the nonprofit academic, research, and medical center's mission to provide comprehensive healthcare services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Hackensack Meridian Health Medical Group - Specialty Care plays a crucial role in enhancing the healthcare landscape by providing a comprehensive range of specialized medical services. As a vital component of an integrated healthcare delivery network, it actively promotes and supports the overarching mission of Hackensack Meridian Health by ensuring access to high-quality medical care.
Situated in Edison, NJ, the group contributes significantly to the healthcare ecosystem, particularly through its collaboration with Hackensack University Medical Center, the largest provider of inpatient and outpatient services in the state. This collaboration fosters a multidisciplinary approach to patient care, combining academic research, innovative treatment protocols, and a commitment to community health.
By focusing on specialty care, the medical group addresses the diverse needs of patients, offering expert management and treatment for complex health conditions. This service model not only enhances patient outcomes but also ensures that caregivers work collaboratively, integrating various specialties to provide holistic care.
Ultimately, Hackensack Meridian Health Medical Group - Specialty Care has a profound impact on the health and well-being of the communities it serves, reinforcing its dedication to advancing medical excellence and improving health equity across New Jersey.
This information is meant to be a general summary of Hackensack Meridian Health Medical Group- Specialty Care. 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: $185,175
- Program Service Revenue: $153,445,326
- Gross Receipts: $278,335,744
Assets and Liabilities:
- Total Assets: $222,374,483
- Total Liabilities: $208,206,037
- Net Assets: $14,168,446
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$150,346,119
OTHER HEALTHCARE RELATED REVENUE
Revenue
$3,099,207
Organization Details
Founding Year
1995
Phone
(908) 839-6787Principal Officer
James Clarke Md
Main Address
C/O TAX DEPT 399 THORNALL STREET 2N, EDISON, NJ, 08837
NTEE Category
Code: E31 - Health
If you are a representative of Hackensack Meridian Health Medical Group- Specialty Care and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.