Overview
What is Millcreek Community Hospital?
Millcreek Community Hospital is a community-based hospital in Erie, Pennsylvania, dedicated to delivering quality healthcare services to patients regardless of their race, creed, sex, nationality, origin, handicaps, age, or ability to pay. The organization is an osteopathic acute care hospital that offers comprehensive inpatient and outpatient services, including behavioral health care and medical education. It is also the regional leader in medical education, housing more physician residency programs than any hospital in the tri-state region. Millcreek Community Hospital prioritizes fiscal responsibility and provides care for those who lack the financial resources, while pursuing cost reimbursement for those who can pay. For the fiscal year ended June 30, 2022, the hospital offered 409 days of charity care, totaling $97,542 of forgone revenue. In addition to healthcare services, Millcreek Community Hospital is actively involved in community activities, such as blood pressure screening events, annual consumer fairs, national senior health & fitness days, and blood drives. It also provides transportation, prescriptions, and clothing to those in need. The hospital's mission is to serve the community by providing healthcare services and education.
Official website here: www.lecomhealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Millcreek Community Hospital has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization boasts an impressive program expense ratio of 89.74%, suggesting that a significant portion of its expenditures is directed towards its charitable programs, which is a positive indicator for donors looking to support impactful initiatives.
The hospital demonstrates a commitment to governance, with a majority of board members being independent and well-structured policies in place, including a whistleblower policy and conflict of interest policy. These policies contribute to the overall transparency and accountability of the organization, fostering trust among stakeholders.
However, while the hospital has outlined various accountability measures, it does have a relatively low percentage of independent board members at 41%. This could be seen as a limitation in terms of governance diversity. Despite this, the overall financial health and operational transparency signify a nonprofit that is effectively managing its resources toward its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Millcreek Community Hospital legitimate?
Millcreek Community Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millcreek Community 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: $1,170,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,747,194
For more financial information, click here
Official website here: www.lecomhealth.com
What is the mission statement of Millcreek Community Hospital?
Millcreek Community Hospital is dedicated to serving the community by providing quality healthcare and education, regardless of individuals' race, creed, sex, nationality, origin, disabilities, age, or ability to pay. The organization's mission is to deliver healthcare services to patients with various illnesses, promote healing, and enhance quality of life at an affordable cost. Millcreek Community Hospital offers comprehensive inpatient and outpatient services, as well as 24-hour emergency care. It is a recognized leader in behavioral health care and medical education. As a teaching hospital, it is affiliated with Lake Erie College of Osteopathic Medicine, the nation's largest medical school. The hospital demonstrates fiscal responsibility by pursuing cost reimbursement for those who can afford to pay while providing care for those in need of financial assistance. Millcreek Community Hospital holds various community activities, including blood pressure screening events, blood drives, and preventive health education classes. The hospital also provides transportation and prescriptions to individuals needing financial assistance.
Official website here: www.lecomhealth.com
Who is the CEO of Millcreek Community Hospital?
John M Ferretti Do is the Chairman of Millcreek Community Hospital. The CEO's salary of Millcreek Community Hospital is $652,183 and their total compensation is $688,491.
Official website here: www.lecomhealth.com
What is the revenue of Millcreek Community Hospital?
Millcreek Community Hospital's revenue in 2022 was $81,872,437.
Official website here: www.lecomhealth.com
Who are the executives of Millcreek Community Hospital and what are their salaries?
The average compensation at Millcreek Community Hospital during 2022 was $43,793. There are 843 employees and 6 volunteers at Millcreek Community Hospital.
Here are 18 key members and their salaries (Millcreek Community Hospital's CEO's salary is $652,183 and their total compensation is $688,491):
- Compensation: $0
- Related: $1,113,801
- Other: $29,239
- Compensation: $652,183
- Related: $12,045
- Other: $24,263
- Compensation: $304,916
- Related: $12,045
- Other: $34,354
- Compensation: $0
- Related: $1,381,070
- Other: $29,114
- Compensation: $53,629
- Related: $531,946
- Other: $39,929
- 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: $101,100
- Related: $384,322
- Other: $38,599
- Compensation: $0
- Related: $285,044
- Other: $29,818
- Compensation: $319,121
- Related: $0
- Other: $1,218
- Compensation: $375,643
- Related: $0
- Other: $33,138
- Compensation: $388,755
- Related: $0
- Other: $37,971
- Compensation: $380,526
- Related: $0
- Other: $24,619
- Compensation: $311,578
- Related: $0
- Other: $35,026
Official website here: www.lecomhealth.com
Where can I find the form 990 for Millcreek Community Hospital?
Millcreek Community Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lecomhealth.com
Learn more at the official website: www.lecomhealth.com
Mission Statement of Millcreek Community Hospital
Millcreek Community Hospital, a community-based healthcare provider, is dedicated to improving the health and quality of life for individuals, irrespective of race, creed, sex, nationality, origin, disabilities, age, or ability to pay. The organization's mission is to serve the community by providing comprehensive healthcare services and education.
Millcreek Community Hospital is a recognized leader in behavioral healthcare, with specialized units catering to children, adults, and older adults, totaling 85 inpatient beds and an adult partial hospitalization program. As a teaching hospital, Millcreek is affiliated with Lake Erie College of Osteopathic Medicine (LECOM), the nation's largest medical school, offering extensive physician residency programs. The hospital demonstrates financial responsibility by pursuing cost reimbursement for those who can pay and providing care for those lacking the financial resources through charity care and discount policies. In the fiscal year ended June 30, 2022, the hospital provided 409 days of charity care, amounting to $97,542 of forgone revenue.
Community activities conducted by the hospital include blood pressure screening events, an annual consumer fair, National Senior Health & Fitness Day, and blood drives. Millcreek participates in preventive health education classes, offers literature for healthy living, and plays a proactive role in the disaster/bioterrorism preparedness program. For individuals needing financial assistance, transportation is provided for physician visits, and prescriptions and clothing are also offered.
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Impact
October, 2024
Millcreek Community Hospital plays a vital role in the Erie, Pennsylvania community by delivering comprehensive healthcare services and education. As a community-based hospital, it focuses on providing quality care for patients with a wide range of illnesses, thereby promoting healing and enhancing the quality of life at an affordable cost.
Recognized as a regional leader in behavioral health care, the hospital offers specialized units for children, adults, and older adults, along with an adult partial hospitalization program. This extensive support underscores its commitment to addressing mental health needs. Additionally, the hospital is a premier teaching institution, affiliated with the Lake Erie College of Osteopathic Medicine. It boasts more physician residency programs than any other hospital in the tri-state region, contributing significantly to medical education and the training of future healthcare professionals.
Millcreek Community Hospital actively engages with the community through various outreach programs, including blood pressure screenings, health fairs, and educational classes on preventive health. The hospital's commitment to accessible healthcare extends to its policies that assist uninsured and underinsured individuals, providing financial support and charity care when necessary. In the fiscal year ending June 30, 2022, the hospital provided 409 days of charity care, demonstrating its dedication to serving those in need.
The hospital also prioritizes community health initiatives, conducting blood drives and ensuring transportation services for those requiring assistance in accessing healthcare. By actively participating in disaster preparedness programs and promoting healthy living, Millcreek Community Hospital solidifies its role as a key healthcare provider and educator in the Erie area, committed to serving all individuals without discrimination.
This information is meant to be a general summary of Millcreek Community 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 2022.
- Investment Income: $3,719,613
- Program Service Revenue: $65,147,674
- Gross Receipts: $97,249,894
Assets and Liabilities:
- Total Assets: $118,697,539
- Total Liabilities: $19,061,797
- Net Assets: $99,635,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$61,124,348
RESIDENTS CONTRACTED OUT
Revenue
$4,023,326
Organization Details
Founding Year
1948
Phone
(814) 864-4031Principal Officer
John M Ferretti Do
Main Address
5515 PEACH STREET, ERIE, PA, 16509
Website
www.lecomhealth.comNTEE Category
Code: E220 - Health
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