Overview
What is Advocate Sherman Hospital?
Advocate Sherman Hospital, based in Oak Brook, Illinois, is a charitable institution dedicated to providing inpatient and outpatient healthcare services to the community, regardless of a patient's ability to pay. With a commitment to enhancing access to healthcare for the uninsured and underinsured, this nonprofit hospital offers a generous financial assistance program. Eligible patients, including those earning up to six times the Federal Poverty Line, can receive full or partial discounts on healthcare costs. The hospital also provides catastrophic assistance discounts for patients with outstanding balances exceeding $25,000. Advocate Sherman Hospital prioritizes the health and wellbeing of individuals, families, and communities, rooted in the belief that all are created in the image of God. With 1710 employees, the hospital continues to refine its financial assistance policy and maintain visible signage and resources to inform patients of available assistance.
Official website here: www.advocatehealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating.
Advocate Sherman Hospital has received a 69% rating from Charity Navigator, indicating some strengths in its governance and financial practices. The organization has a fully independent board of directors, which is a positive sign of accountability. Additionally, it boasts a strong program expense ratio of 95.02%, showing that a significant portion of its funds goes directly to its programs.
However, the hospital's overall rating is hindered by a lack of available financial statements, which has resulted in a poor score in that area. The liabilities to assets ratio stands at 65.89%, suggesting potential financial challenges. While the organization has solid policies in place regarding conflicts of interest and whistleblower protections, the absence of transparency in financial reporting limits the overall assessment of its accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Advocate Sherman Hospital legitimate?
Advocate Sherman Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advocate Sherman 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: $621,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,575,173
For more financial information, click here
Official website here: www.advocatehealth.com
What is the mission statement of Advocate Sherman Hospital?
Advocate Sherman Hospital is dedicated to serving the health needs of individuals, families, and communities through a holistic philosophy rooted in the belief that every person is created in the image of God. The mission of the hospital is to provide inpatient and outpatient health care services, regardless of a patient's ability to pay. As part of its community health strategy, Advocate Sherman Hospital offers a generous financial assistance program, which includes no payments for those most in need and discounts for uninsured and insured patients. The hospital reviews and refines its financial assistance policy to ensure help is available to those who need it, with visible signage and brochures in multiple languages to inform patients. Information about the financial assistance program and an application are provided to uninsured patients during registration and mailed to them in advance of the first patient billing. Each uninsured patient's bill includes summary information regarding the financial assistance program.
Official website here: www.advocatehealth.com
Who is the CEO of Advocate Sherman Hospital?
Karen Lambert is the Director of Advocate Sherman Hospital.
Official website here: www.advocatehealth.com
What is the revenue of Advocate Sherman Hospital?
Advocate Sherman Hospital's revenue in 2022 was $493,358,268.
Official website here: www.advocatehealth.com
Who are the executives of Advocate Sherman Hospital and what are their salaries?
The average compensation at Advocate Sherman Hospital during 2022 was $59,179. There are 1710 employees and 164 volunteers at Advocate Sherman Hospital.
Here are 56 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $7,100
- Related: $8,000
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $621,771
- Related: $0
- Other: $113,574
- Compensation: $0
- Related: $1,206,986
- Other: $144,939
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $820,354
- Other: $66,291
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $286,302
- Other: $58,957
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $120,433
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $528,173
- Other: $46,172
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $826,917
- Other: $48,676
- Compensation: $0
- Related: $391,658
- Other: $72,588
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,304,330
- Other: $214,335
- Compensation: $0
- Related: $664,780
- Other: $103,379
- Compensation: $0
- Related: $587,048
- Other: $98,816
- Compensation: $0
- Related: $1,338,491
- Other: $132,454
- Compensation: $0
- Related: $864,327
- Other: $120,559
- Compensation: $0
- Related: $523,937
- Other: $91,064
- Compensation: $0
- Related: $1,049,258
- Other: $123,675
- Compensation: $0
- Related: $1,520,998
- Other: $165,810
- Compensation: $0
- Related: $575,844
- Other: $108,096
- Compensation: $0
- Related: $271,057
- Other: $29,570
- Compensation: $0
- Related: $264,121
- Other: $18,806
- Compensation: $344,764
- Related: $0
- Other: $9,979
- Compensation: $469,312
- Related: $0
- Other: $57,125
- Compensation: $303,693
- Related: $0
- Other: $39,661
- Compensation: $214,746
- Related: $0
- Other: $13,020
- Compensation: $218,152
- Related: $0
- Other: $9,787
- Compensation: $0
- Related: $39,542
- Other: $0
- Compensation: $0
- Related: $368,973
- Other: $12,506
- Compensation: $0
- Related: $3,046,462
- Other: $273,298
- Compensation: $0
- Related: $1,020,814
- Other: $15,549
- Compensation: $0
- Related: $518,002
- Other: $95,446
- Compensation: $0
- Related: $968,247
- Other: $32,298
- Compensation: $0
- Related: $434,801
- Other: $94,561
- Compensation: $0
- Related: $260,196
- Other: $36,815
- Compensation: $0
- Related: $482,530
- Other: $100,642
- Compensation: $0
- Related: $312,350
- Other: $43,082
- Compensation: $0
- Related: $284,705
- Other: $55,236
- Compensation: $211,321
- Related: $0
- Other: $31,557
- Compensation: $193,636
- Related: $0
- Other: $33,477
- Compensation: $203,943
- Related: $0
- Other: $44,081
Official website here: www.advocatehealth.com
Where can I find the form 990 for Advocate Sherman Hospital?
Advocate Sherman Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advocatehealth.com
Learn more at the official website: www.advocatehealth.com
Mission Statement of Advocate Sherman Hospital
Advocate Sherman Hospital, a mission-driven institution, is dedicated to serving the health needs of individuals, families, and communities. Rooted in a holistic philosophy, the hospital believes in understanding human beings as creatures imbued with the divine image of God. This fundamental belief drives Advocate Sherman's commitment to providing comprehensive healthcare services, regardless of a patient's ability to pay.
The hospital extends its community health strategy by promoting initiatives to increase access to healthcare for the uninsured and underinsured. One such initiative is the provision of financial assistance through a generous program. This program offers no payments for those most in need and discounts for uninsured and insured patients with lower incomes. Furthermore, a catastrophic assistance discount is available for patients with significant outstanding balances.
Advocate Sherman Hospital also makes financial assistance available to insured patients, reflecting its ongoing effort to ensure that help is accessible to all who need it. The hospital maintains visible signage and brochures in multiple languages to inform patients about the availability of financial assistance and employs financial counselors to guide them through the process. Uninsured patients receive an application during registration and a summary of the financial assistance program on their bills.
In summary, Advocate Sherman Hospital, a beacon of hope in the healthcare sector, is dedicated to serving the health needs of individuals, families, and communities through a holistic philosophy rooted in its belief in the inherent worth of every human being. The hospital's commitment to accessibility is demonstrated by its comprehensive financial assistance program, designed to help those in need, regardless of their insurance status.
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Impact
October, 2024
Advocate Sherman Hospital significantly impacts the health needs of individuals, families, and communities through its comprehensive healthcare services and financial assistance programs. By prioritizing a holistic philosophy that recognizes the intrinsic value of every person, the hospital addresses both medical and emotional needs.
The hospital provides extensive inpatient and outpatient care, ensuring access to essential health services regardless of a patient's financial situation. Its financial assistance program is particularly noteworthy, enabling individuals and families to receive necessary medical care without the burden of crippling costs. Patients with limited or no insurance can qualify for full or partial financial assistance, with minimal required payments for those most in need.
Additionally, Advocate Sherman Hospital's initiatives extend to the uninsured and underinsured populations, exemplified by its provision of catastrophic assistance discounts for those facing overwhelming medical debts. The proactive approach to financial assistance, including clear communication and resources in multiple languages, exemplifies the hospital's commitment to community health.
By continually refining its policies and outreach efforts, Advocate Sherman Hospital not only improves access to healthcare for vulnerable populations but also fosters a supportive environment where every individual is treated with dignity and compassion. This commitment helps to build healthier communities, ultimately enhancing the overall well-being of those it serves in Oak Brook, IL, and the surrounding areas.
This information is meant to be a general summary of Advocate Sherman 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: $967,792
- Program Service Revenue: $487,784,065
- Gross Receipts: $493,509,487
Assets and Liabilities:
- Total Assets: $513,887,857
- Total Liabilities: $347,013,921
- Net Assets: $166,873,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE/MEDICAID
Revenue
$172,698,877
PATIENT SVC REVENUE
Revenue
$120,398,909
BLUE CROSS/MGD CARE
Revenue
$105,153,424
PHARMACY
Revenue
$47,588,661
LABORATORY
Revenue
$41,944,194
Organization Details
Founding Year
1887
Phone
(414) 299-1576Principal Officer
Karen Lambert
Main Address
2025 WINDSOR DRIVE, OAK BROOK, IL, 60523
Website
www.advocatehealth.comNTEE Category
Code: E220 - Health
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