Overview
What is Beth Israel Lahey Health Pharmacy Inc?
Beth Israel Lahey Health Pharmacy Inc is a pharmacy organization that is an integral part of the Bilh system, providing essential healthcare services to patients. They operate two retail pharmacies, a specialty pharmacy, and one mail order pharmacy. Over the past year, they have served over 32,000 patients and offer staff testing, vaccination, and support. In response to the COVID-19 pandemic, Bilh launched a program in November 2020, providing its 36,000 employees with onsite, voluntary, and complimentary PCR testing, regardless of known exposure or symptoms. The pharmacy is located in Westwood, Massachusetts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (31%)
Beth Israel Lahey Health Pharmacy Inc has received a Zero-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The rating is primarily based on a low score of 31% in the Accountability & Finance category, suggesting that the organization lacks transparency and effective governance.
Key strengths identified include a perfect score for audited financial statements and the absence of material diversion of assets, indicating that the organization is managing its funds without misappropriation. However, the weaknesses are pronounced, as the organization has not met critical benchmarks in board independence and financial transparency, revealing a need for improved oversight and governance structures.
Particularly concerning is the absence of independent board members, poor ratings for policies like whistleblower procedures, and inadequate disclosure of financial documents on its website. These factors contribute to the organization's overall lack of accountability, which could hinder donor trust and support in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Beth Israel Lahey Health Pharmacy Inc legitimate?
Beth Israel Lahey Health Pharmacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beth Israel Lahey Health Pharmacy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,534,141
For more financial information, click here
What is the mission statement of Beth Israel Lahey Health Pharmacy Inc?
Beth Israel Lahey Health Pharmacy Inc plays a vital role in supporting patients within the healthcare system through various pharmacy services. They manage retail, specialty, and mail order pharmacies, catering to over 32,000 patients annually. The pharmacy team extends their reach beyond medication dispensing by offering staff testing, vaccinations, and patient support. In response to the COVID-19 pandemic, the organization implemented a program in November 2020, providing free-of-charge, voluntary Covid-19 PCR testing to their 36,000 employees, regardless of exposure or symptoms. The mission of Beth Israel Lahey Health Pharmacy Inc can be summarized as providing essential pharmacy services and implementing initiatives to improve the overall health and wellbeing of the patients they serve.
Who is the CEO of Beth Israel Lahey Health Pharmacy Inc?
Rowan Michael is the CEO of Beth Israel Lahey Health Pharmacy Inc The CEO's salary of Beth Israel Lahey Health Pharmacy Inc is $0 and their total compensation is $1,335,874.
What is the revenue of Beth Israel Lahey Health Pharmacy Inc?
Beth Israel Lahey Health Pharmacy Inc's revenue in 2023 was $159,860,880.
Who are the executives of Beth Israel Lahey Health Pharmacy Inc and what are their salaries?
Here are 15 key members and their salaries (Beth Israel Lahey Health Pharmacy Inc's CEO's salary is $0 and their total compensation is $1,335,874):
- Compensation: $0
- Related: $1,298,835
- Other: $37,039
- Compensation: $0
- Related: $535,200
- Other: $152,546
- Compensation: $0
- Related: $461,277
- Other: $38,340
- Compensation: $408,120
- Related: $0
- Other: $40,808
- Compensation: $0
- Related: $387,315
- Other: $22,448
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,507,235
- Other: $299,917
- Compensation: $0
- Related: $1,301,463
- Other: $34,409
- Compensation: $0
- Related: $802,046
- Other: $220,936
- Compensation: $0
- Related: $898,193
- Other: $15,864
- Compensation: $277,676
- Related: $0
- Other: $27,856
- Compensation: $254,250
- Related: $0
- Other: $6,621
- Compensation: $194,536
- Related: $0
- Other: $20,844
Where can I find the form 990 for Beth Israel Lahey Health Pharmacy Inc?
Beth Israel Lahey Health Pharmacy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Beth Israel Lahey Health Pharmacy Inc
Beth Israel Lahey Health Pharmacy Inc is a mission-driven organization that prioritizes supporting patients within the Bilh system. With a commitment to serving over 32,000 patients annually, the pharmacy operates retail, specialty, and mail order pharmacies to cater to the diverse needs of its clientele. The team at Beth Israel Lahey Health Pharmacy goes beyond dispensing medications by offering staff testing, vaccinations, and extensive support.
In response to the Covid-19 pandemic, Beth Israel Lahey Health Pharmacy took a proactive step by implementing a program to provide free-of-charge, onsite, and voluntary Covid-19 PCR testing for its 36,000 employees, regardless of any known exposure or symptoms. This initiative underscores the organization's dedication to the wellbeing of its workforce and the wider community. By doing so, Beth Israel Lahey Health Pharmacy aims to create a safer and healthier environment for its team members, enabling them to continue providing optimal care for their patients.
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Impact
October, 2024
Beth Israel Lahey Health Pharmacy Inc plays a crucial role in enhancing healthcare accessibility and support for patients within the Bilh system. By operating two retail pharmacies, a specialty pharmacy, and a mail-order pharmacy, it serves over 32,000 patients annually. The pharmacy not only dispenses medications but also offers essential services such as staff testing, vaccination, and overall patient support.
One significant impact of the pharmacy is its response to public health needs, exemplified by its implementation of a Covid-19 PCR testing program in November 2020. This initiative provided approximately 36,000 employees access to onsite, voluntary testing at no cost, regardless of exposure or symptoms. This proactive approach helped to ensure the health and safety of the workforce during a critical time, illustrating the pharmacy's commitment to community health.
Located in Westwood, MA, the pharmacy stands out as a pivotal component of healthcare delivery in the region, prioritizing patient well-being and access to necessary health services. Its multifaceted approach addresses both immediate healthcare needs and long-term patient support, significantly contributing to the overall health landscape of the community.
This information is meant to be a general summary of Beth Israel Lahey Health Pharmacy 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 2023.
- Program Service Revenue: $159,860,880
- Gross Receipts: $159,860,880
Assets and Liabilities:
- Total Assets: $25,263,389
- Total Liabilities: $23,476,912
- Net Assets: $1,786,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHARMACY REVENUE
Revenue
$109,551,033
SERVICES TO AFFILIATES
Revenue
$43,626,052
PHARMACY REBATES
Revenue
$6,683,795
Organization Details
Founding Year
2017
Principal Officer
Rios Cindy
NTEE Category
Code: E60 - Health
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