Overview
What is Reading Hospital?
Reading Hospital is a renowned healthcare institution located in Pennsylvania, offering comprehensive inpatient, outpatient, and emergent care with 725 beds. Its services cater to a wide range of medical specialties, including oncology, neurology, cardiology, heart failure, orthopedics, trauma, bariatric surgery, and medical complexity. Reading Hospital provides essential maternal-child health services, including obstetrics, neonatal intensive care, inpatient pediatric medical surgical care, and pediatric emergency services. The hospital is committed to advancing the health and well-being of its community by offering various programs, such as population health services, initiatives for the homeless, and tele-health support for heart failure patients, among others. With a focus on high-quality, accessible, and cost-effective care, Reading Hospital has been designated as a Magnet organization for nursing excellence for the second consecutive time. Its emergency department is a Level 1 Trauma Center, providing immediate access to specialized care 24/7 for patients.
Official website here: www.see supplemental disclosure
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Reading Hospital has been rated positively with an overall score of 81%, attributed entirely to its strong performance in Accountability & Finance. This rating indicates a reliable financial management structure and transparency within the organization, which is vital for instilling donor confidence and ensuring effective stewardship of resources.
The organization demonstrates significant strengths, including a high percentage of independent board members and robust financial oversight mechanisms. With a program expense ratio of 89.20%, it effectively allocates funding toward its programs, signifying a commitment to its mission and impactful service delivery. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, further reflects a commitment to ethical governance.
While the rating is commendable, it is essential to note that it is based solely on accountability and finance, with no additional metrics evaluated. This focus may limit the understanding of the organization’s overall impact and effectiveness in achieving its mission beyond financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Reading Hospital legitimate?
Reading Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading Hospital 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: $4,070,724
Professional Fundraising Fees: $0
Other Salaries and Wages: $453,647,743
For more financial information, click here
Official website here: www.see supplemental disclosure
What is the mission statement of Reading Hospital?
The mission of Reading Hospital is to deliver compassionate, accessible, high-quality, and cost-effective healthcare to the community. Alongside direct care provision, the hospital focuses on promoting health and educating healthcare professionals, as well as engaging in appropriate clinical research. Beyond these core functions, Reading Hospital addresses health-related issues outside the realm of medical care through community benefit initiatives. These efforts, led by the hospital's Community Wellness Department, aim to target underserved populations and address health disparities and social determinants of health. The department manages community health needs, leading, partnering, and investing in strategic health initiatives.
Official website here: www.see supplemental disclosure
Who is the CEO of Reading Hospital?
Charles Barbera Md is the CEO of Reading Hospital The CEO's salary of Reading Hospital is $863,437 and their total compensation is $1,072,387.
Official website here: www.see supplemental disclosure
What is the revenue of Reading Hospital?
Reading Hospital's revenue in 2023 was $1,383,023,429.
Official website here: www.see supplemental disclosure
Who are the executives of Reading Hospital and what are their salaries?
The average compensation at Reading Hospital during 2023 was $63,749. There are 7180 employees and 197 volunteers at Reading Hospital.
Here are 32 key members and their salaries (Reading Hospital's CEO's salary is $863,437 and their total compensation is $1,072,387):
- Compensation: $1,818,975
- Related: $0
- Other: $23,468
- Compensation: $1,397,087
- Related: $0
- Other: $11,881
- Compensation: $863,437
- Related: $0
- Other: $208,950
- Compensation: $841,098
- Related: $0
- Other: $203,065
- Compensation: $1,003,461
- Related: $0
- Other: $19,558
- Compensation: $791,314
- Related: $0
- Other: $23,454
- Compensation: $699,751
- Related: $0
- Other: $87,215
- Compensation: $673,463
- Related: $0
- Other: $89,686
- Compensation: $711,102
- Related: $0
- Other: $37,986
- Compensation: $606,634
- Related: $0
- Other: $27,471
- Compensation: $516,465
- Related: $0
- Other: $86,144
- Compensation: $436,917
- Related: $0
- Other: $78,656
- Compensation: $0
- Related: $477,966
- Other: $20,228
- Compensation: $425,424
- Related: $0
- Other: $54,148
- Compensation: $443,276
- Related: $0
- Other: $29,362
- Compensation: $0
- Related: $376,974
- Other: $62,878
- Compensation: $354,083
- Related: $0
- Other: $36,610
- Compensation: $0
- Related: $321,223
- Other: $33,402
- Compensation: $321,392
- Related: $0
- Other: $10,850
- Compensation: $203,362
- Related: $0
- Other: $22,428
- Compensation: $128,300
- Related: $0
- Other: $9,029
- Compensation: $131,206
- Related: $0
- Other: $2,970
- Compensation: $84,028
- Related: $0
- Other: $13,073
- 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
Official website here: www.see supplemental disclosure
Where can I find the form 990 for Reading Hospital?
Reading Hospital's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.see supplemental disclosure
Learn more at the official website: www.see supplemental disclosure
Mission Statement of Reading Hospital
Reading Hospital, a leading healthcare provider, is committed to delivering compassionate, accessible, high-quality, and cost-effective healthcare to the community. The mission of this esteemed institution extends beyond direct patient care, as it also focuses on promoting health, educating healthcare professionals, and engaging in appropriate clinical research.
Situated at the heart of its community's wellbeing, Reading Hospital reinvests its resources into initiatives that address health disparities and social determinants of health. The hospital's Community Wellness Department plays a pivotal role in this endeavor. With a three-pronged mission, the department seeks to lead, partner, and invest in strategic health initiatives, targeting the underserved and addressing health disparities. By doing so, Reading Hospital strives to improve overall community health and wellbeing.
The Community Wellness Department's activities are multifaceted. It leads health initiatives, partnering with various stakeholders to create programs and policies that positively impact the community's health. The department also invests in these initiatives, ensuring their long-term success and sustainability. Through its leadership, partnership, and investment efforts, Reading Hospital addresses the complex health needs of its community, ultimately contributing to a healthier population.
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Impact
October, 2024
Reading Hospital plays a critical role in the healthcare landscape of its community, providing compassionate, accessible, high-quality, and cost-effective care. With a capacity of 725 beds, it offers comprehensive inpatient, outpatient, and emergency services, including specialized units for critical care, rehabilitation, and various medical sub-specialties such as oncology, neurology, cardiology, and trauma.
The hospital’s emergency department is a cornerstone of community care, handling over 100,000 visits annually and ranking among the top three emergency departments in Pennsylvania. It serves as the only accredited Level 1 trauma center in the area, ensuring immediate access to a wide range of specialty services. Reading Hospital is also committed to addressing the needs of the vulnerable populations in the community, offering programs like the Tower Health Street Medicine initiative that provides healthcare to homeless individuals.
Moreover, the hospital excels in maternal and child health services and has established a regional neonatal intensive care unit, reflecting its dedication to comprehensive family care. Designed to enhance post-discharge outcomes and minimize readmissions, Reading Hospital employs innovative strategies such as telehealth support for chronic conditions.
Recognized for excellence in nursing and patient care, Reading Hospital has achieved Magnet designation, reflecting high standards in nursing quality and patient satisfaction. The institution also tackles broader health issues through its Community Wellness Department, which leads initiatives aimed at underserved populations, aiming to address health disparities and social determinants of health.
In essence, Reading Hospital is not just a healthcare provider; it is an integral part of the community’s well-being, addressing immediate healthcare needs while also investing in the long-term health of the population it serves.
This information is meant to be a general summary of Reading Hospital. 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 2023.
- Investment Income: $450,675
- Program Service Revenue: $1,273,344,542
- Gross Receipts: $1,383,641,831
Assets and Liabilities:
- Total Assets: $1,060,006,522
- Total Liabilities: $1,382,700,921
- Net Assets: -$322,694,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CHARGES
Revenue
$1,147,619,979
MANAGEMENT FEES
Revenue
$125,724,563
Organization Details
Founding Year
1869
Principal Officer
Charles Barbera Md
NTEE Category
Code: E220 - Health
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