Overview
What is Reid Hospital & Health Care Services Inc?
Reid Hospital & Health Care Services Inc, located in Richmond, Indiana, is a nonprofit organization devoted to addressing the healthcare needs of their multi-county service area. With a mission to lead communities to well-being, they provide quality healthcare services, irrespective of race, creed, sex, national origin, age, or ability to pay. In 2022, they admitted approximately 13,209 patients for in-patient services, delivered 681 births, and performed around 1,659 in-patient surgeries. Moreover, they received 319,144 out-patient encounters and offered 9,867 ambulatory surgeries and 19,081 home health encounters. They operate 24 hours a day, 365 days a year, providing emergency services to 53,437 patients. Reid Hospital & Health Care Services is committed to serving the elderly and disabled covered under Medicare and Medicaid programs and has a financial assistance policy for the poor. In 2022, financial assistance for the underprivileged totaled $5.4 million. To ensure adequate and qualified physician resources, they have undertaken a deliberate recruitment program. The total number of employees at Reid Hospital & Health Care Services is 3,116.
Official website here: www.reidhealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Reid Hospital & Health Care Services Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of financial stability and accountability. With a score of 96%, the organization demonstrates effective governance with a majority of independent board members and strong audit and oversight practices. The absence of material diversion of assets further reflects their commitment to financial integrity.
The hospital's financial metrics are robust, showcasing a favorable liabilities to assets ratio of 25.16% and an impressive program expense ratio of 85.43%. This suggests that a significant portion of their resources is directed towards their core programs and services, emphasizing their focus on community health care. The presence of key policies, such as conflict of interest and whistleblower protections, underscores their commitment to ethical operations.
Despite the strong financial and governance ratings, user feedback or concerns regarding patient care or services were not provided in the data. Overall, Reid Hospital & Health Care Services Inc demonstrates a solid performance in its fiscal responsibility and organizational governance.
This AI summary has been generated from information found on Charity Navigator.
Is Reid Hospital & Health Care Services Inc legitimate?
Reid Hospital & Health Care Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reid Hospital & Health Care Services 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: $5,332,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,884,100
For more financial information, click here
Official website here: www.reidhealth.org
What is the mission statement of Reid Hospital & Health Care Services Inc?
Reid Hospital & Health Care Services Inc is dedicated to leading communities towards well-being by addressing their current and future health care needs. This mission is executed by providing a wide range of health care services that cater to community demands, are delivered with high quality, and offer cost-effective value. The organization supports educational initiatives aimed at entry-level health care worker preparation, continuous learning for healthcare professionals, and promoting healthy lifestyles among the people they serve. Additionally, Reid Hospital & Health Care Services Inc actively collaborates on community projects to enhance overall health status, well-being, and quality of life.
Official website here: www.reidhealth.org
Who is the CEO of Reid Hospital & Health Care Services Inc?
Craig Kinyon is the President/Ceo of Reid Hospital & Health Care Services Inc. The CEO's salary of Reid Hospital & Health Care Services Inc is $1,093,839 and their total compensation is $1,156,610.
Official website here: www.reidhealth.org
What is the revenue of Reid Hospital & Health Care Services Inc?
Reid Hospital & Health Care Services Inc's revenue in 2022 was $575,358,834.
Official website here: www.reidhealth.org
Who are the executives of Reid Hospital & Health Care Services Inc and what are their salaries?
The average compensation at Reid Hospital & Health Care Services Inc during 2022 was $53,664. There are 3116 employees and 150 volunteers at Reid Hospital & Health Care Services Inc.
Here are 35 key members and their salaries (Reid Hospital & Health Care Services Inc's CEO's salary is $1,093,839 and their total compensation is $1,156,610):
- Compensation: $1,093,839
- Related: $0
- Other: $62,771
- Compensation: $0
- Related: $681,233
- Other: $56,827
- Compensation: $0
- Related: $628,833
- Other: $43,735
- Compensation: $267,942
- Related: $269,568
- Other: $55,988
- Compensation: $470,160
- Related: $0
- Other: $34,538
- Compensation: $457,406
- Related: $0
- Other: $47,068
- Compensation: $412,604
- Related: $0
- Other: $58,005
- Compensation: $418,521
- Related: $0
- Other: $19,256
- Compensation: $0
- Related: $355,011
- Other: $58,865
- Compensation: $344,413
- Related: $0
- Other: $56,827
- Compensation: $0
- Related: $366,253
- Other: $27,851
- Compensation: $338,461
- Related: $0
- Other: $40,813
- Compensation: $345,219
- Related: $0
- Other: $28,248
- Compensation: $316,665
- Related: $0
- Other: $40,907
- Compensation: $239,481
- Related: $0
- Other: $41,562
- Compensation: $205,558
- Related: $0
- Other: $60,148
- Compensation: $205,497
- Related: $0
- Other: $44,325
- Compensation: $198,095
- Related: $0
- Other: $43,955
- Compensation: $200,137
- Related: $0
- Other: $39,859
- Compensation: $189,885
- Related: $0
- Other: $44,087
- Compensation: $174,532
- Related: $0
- Other: $16,449
- Compensation: $30,652
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reidhealth.org
Where can I find the form 990 for Reid Hospital & Health Care Services Inc?
Reid Hospital & Health Care Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reidhealth.org
Learn more at the official website: www.reidhealth.org
Mission Statement of Reid Hospital & Health Care Services Inc
Reid Hospital & Health Care Services Inc is dedicated to improving the well-being of communities, one person at a time. To accomplish this mission, the organization focuses on delivering a comprehensive range of healthcare services that cater to both current and future needs. These offerings are designed to address the community's requirements, maintain a high standard of quality, and provide cost-effective value.
Beyond healthcare, Reid Hospital & Health Care Services Inc also supports educational initiatives aimed at preparing entry-level health care workers and fostering continuous learning for those already in the field. Furthermore, the organization encourages healthy lifestyles and choices among the individuals it serves. In addition to these functions, the organization is actively involved in community efforts that enhance overall health and improve the general quality of life.
Reid Hospital & Health Care Services Inc takes a holistic approach to healthcare, recognizing the importance of not just treating illnesses but also promoting wellness and preventing future health issues. By offering a wide range of services and collaborating with other organizations, the nonprofit is committed to making a positive impact on the lives of those in its care. Through its various initiatives, Reid Hospital & Health Care Services Inc strives to create healthier, happier communities, one person at a time.
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Impact
October, 2024
Reid Hospital & Health Care Services Inc plays a vital role in improving the health and well-being of communities in a multi-county service area. Its mission to lead communities to well-being is reflected in the comprehensive range of healthcare services it provides. In 2022 alone, the hospital admitted approximately 13,209 patients for inpatient services, performed around 1,659 surgeries, and managed over 319,000 outpatient encounters, ensuring a broad spectrum of healthcare access.
The hospital offers 24/7 emergency services, treating over 53,000 patients in emergencies in 2022. This around-the-clock availability is crucial for immediate care in urgent situations. Additionally, Reid Hospital is committed to serving vulnerable populations, providing care to elderly and disabled individuals under Medicare and Medicaid at or below cost.
Financial assistance is another cornerstone of their impact, with $5.4 million allocated in 2022 to support those who are unable to pay for services. This commitment ensures that financial barriers do not prevent individuals from receiving necessary healthcare.
Furthermore, Reid Hospital is proactive in addressing community health needs through a physician recruitment program, investing over $860,000 to ensure that the community has access to qualified healthcare professionals across various specialties. This initiative is essential for meeting the growing healthcare demands of the population.
The organization also prioritizes educational initiatives aimed at preparing future healthcare workers, promoting lifelong learning in the field, and fostering healthy lifestyle choices among community members.
Overall, Reid Hospital & Health Care Services Inc significantly enhances the health status and quality of life within its community, demonstrating a deep commitment to addressing current and future healthcare needs.
This information is meant to be a general summary of Reid Hospital & Health Care Services 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: $32,433,328
- Program Service Revenue: $513,437,447
- Gross Receipts: $577,149,133
Assets and Liabilities:
- Total Assets: $1,549,441,015
- Total Liabilities: $389,840,781
- Net Assets: $1,159,600,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT CARE REVENUE
Revenue
$504,564,943
ANESTHESIA FEES
Revenue
$8,872,504
Organization Details
Founding Year
1902
Phone
(765) 983-3000Principal Officer
Craig Kinyon
Main Address
1100 REID PARKWAY, RICHMOND, IN, 473741908
Website
www.reidhealth.orgNTEE Category
Code: E220 - Health
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