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Solutionhealth

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 830741190 ✦ Bedford, NH ✦ Designated as a 501(c)(3)

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Overview

What is Solutionhealth?

Solutionhealth is a regional healthcare collaboration between Elliot Health System and Southern New Hampshire Health System, based in Bedford, New Hampshire. This nonprofit organization brings together the resources and expertise of both healthcare systems to create an integrated community-based healthcare delivery network in southern New Hampshire. By aligning their missions and economic interests, Solutionhealth aims to enhance care for the communities they serve, engage in collaborative regional planning, and increase interdependence and cooperation within the network. This strategic partnership is focused on controlling costs, improving quality, and expanding access to healthcare services while preserving the charitable missions of both organizations. The network's mission is to serve the specific healthcare needs and interests in the communities of Elliot and Southern New Hampshire Health Systems, ultimately improving and increasing access, quality, value, and community benefits in the region. Solutionhealth employs a total workforce of 1059 individuals.


Official website here: www.solutionhealth.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 96%, Four-Star out of Four Star rating.

Solutionhealth has achieved a strong score of 96%, reflecting its commitment to accountability and finance. The organization boasts an exemplary board composition with 80% independent members and has a robust audit and oversight committee in place. This demonstrates a solid governance structure, ensuring transparency and effective management of resources.

Financially, Solutionhealth shows significant strengths, including a low liabilities to assets ratio of 48.23% and an impressive program expense ratio of 91.79%. These metrics indicate that the majority of its funds are directed toward its programs rather than administrative expenses. Additionally, the presence of comprehensive policies concerning conflict of interest and whistleblower protections contributes to its overall accountability.

While the ratings indicate strong performance, it is essential for potential donors and supporters to consider the specific programs and initiatives of Solutionhealth to understand the broader impact of their contributions. Overall, the organization demonstrates a high level of financial health and governance, making it a trustworthy option for charitable giving.


This AI summary has been generated from information found on Charity Navigator.

Is Solutionhealth legitimate?

Solutionhealth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solutionhealth 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: $4,708,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,993,667

For more financial information, click here


Official website here: www.solutionhealth.org

What is the mission statement of Solutionhealth?

SolutionHealth is a collaborative community-based regional healthcare network established by Elliot Health System and Southern New Hampshire Health System. Its primary objective is to enhance and expand access to quality healthcare services in the specific communities they serve and the broader regional area. By merging resources and expertise, SolutionHealth aims to deliver improved healthcare outcomes, maintain affordability, and create community benefits. The network is dedicated to increasing the value of healthcare services and ensuring the interests and needs of the communities are met.


Official website here: www.solutionhealth.org

Who is the CEO of Solutionhealth?

Bradley Kreick is the Pres/Ceo, Solutionhealth (End 10/21) of Solutionhealth. The CEO's salary of Solutionhealth is $46,000 and their total compensation is $46,000.


Official website here: www.solutionhealth.org

What is the revenue of Solutionhealth?

Solutionhealth's revenue in 2022 was $136,993,038.


Official website here: www.solutionhealth.org

Who are the executives of Solutionhealth and what are their salaries?

The average compensation at Solutionhealth during 2022 was $68,652. There are 1059 employees and 12 volunteers at Solutionhealth.


Here are 27 key members and their salaries (Solutionhealth's CEO's salary is $46,000 and their total compensation is $46,000):


Sherry Hausmann (Pres/Ceo, Solutionhealth (End 10/21))
  • Compensation: $1,660,268
  • Related: $0
  • Other: $181,051
Lawrence M Hoepp Md (Trustee (End 4/2022))
  • Compensation: $0
  • Related: $471,534
  • Other: $18,642
Stephen Loosigian Do (Vice Chair)
  • Compensation: $0
  • Related: $587,804
  • Other: $47,657
Brad Kreick (President & Ceo, Solutionhealth)
  • Compensation: $46,000
  • Related: $0
  • Other: $0
Philip Sullivan Md (Trustee (End 5/2022))
  • Compensation: $0
  • Related: $399,044
  • Other: $24,386
Joseph M Leahy Do (Trustee)
  • Compensation: $0
  • Related: $444,645
  • Other: $54,252
Howard Brodsky (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul W Hoff Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charla Stevens Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy C Sullivan (Trustee (End 1/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Whitaker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clifford Kinghorn (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianne Mercier (Chair (End 4/2022); Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Praveen Suchdev Md (Vice Chair (End 10/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
John A Hession (Treasurer (End 10/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha E O'Neill (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William G Baxter (Elliot Hospital Representative)
  • Compensation: $0
  • Related: $1,048,277
  • Other: $136,855
Colin Mchugh (President, Snhhs)
  • Compensation: $0
  • Related: $321,375
  • Other: $31,269
Scott Wolf Do (President, Snhhs (End 8/2021))
  • Compensation: $0
  • Related: $504,492
  • Other: $10,615
Joseph Felkner (Executive Vp & Cfo (End 6/2022))
  • Compensation: $730,579
  • Related: $0
  • Other: $36,679
Kelly Corbi (Chief Operations Officer (End 11/21))
  • Compensation: $1,056,483
  • Related: $0
  • Other: $105,786
John E Friberg (Chief Legal Officer)
  • Compensation: $778,659
  • Related: $0
  • Other: $113,152
Steve Norton (System Chief Strategy Officer)
  • Compensation: $342,035
  • Related: $0
  • Other: $86,428
Bill Lewkowski (Chief Information Officer (End 6/22))
  • Compensation: $459,136
  • Related: $0
  • Other: $104,266
Alexander W Petron (Vp Chief Of Medical Information)
  • Compensation: $407,872
  • Related: $0
  • Other: $50,943
James J Kulle (Vp Chief Information Officer)
  • Compensation: $402,296
  • Related: $0
  • Other: $26,537
Mary T Guarino (Vp Revenue Cycle)
  • Compensation: $353,144
  • Related: $0
  • Other: $37,193


Official website here: www.solutionhealth.org

Where can I find the form 990 for Solutionhealth?

Solutionhealth's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.solutionhealth.org

Learn more at the official website: www.solutionhealth.org

Mission Statement of Solutionhealth

Solutionhealth, a collaborative community-based health care network, was established through the partnership of Elliot Health System and Southern New Hampshire Health System. This mission-driven organization is dedicated to enhancing the healthcare experience for the specific communities served by Elliot and Southern New Hampshire Health Systems. By fostering a highly coordinated system, Solutionhealth aims to deliver improved access, quality, value, and community benefits in a cost-effective manner.

The primary goal of Solutionhealth is to address the unique health care needs and interests of the respective communities, ultimately creating a more comprehensive and streamlined healthcare delivery system for the region. Through this collaborative effort, Solutionhealth aims to create a healthier community by connecting various healthcare providers and resources, ensuring that individuals receive the best possible care regardless of their location or specific needs.

Solutionhealth's mission is rooted in the belief that by working together, Elliot Health System and Southern New Hampshire Health System can create a more integrated, efficient, and effective healthcare network. This collaborative approach enables the organizations to share resources, expertise, and best practices, resulting in enhanced patient care and a more equitable healthcare system for all. Overall, Solutionhealth is committed to improving the overall health and wellbeing of the communities it serves by fostering a coordinated, accessible, and high-quality healthcare network.

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Impact




October, 2024

SolutionHealth significantly enhances the healthcare landscape in Southern New Hampshire by integrating the resources and expertise of the Elliot Health System and Southern New Hampshire Health System. This collaboration facilitates a community-based, regional healthcare delivery system designed to improve access to quality care while controlling costs.

By aligning the missions and economic interests of these two hospital systems, SolutionHealth enables a more coordinated approach to healthcare, fostering collaboration in regional planning and service delivery. This not only increases operational efficiency but also ensures that the specific healthcare needs of local communities are met with greater effectiveness.

The strategic partnership promotes a high degree of interdependence among healthcare providers, which leads to improved service offerings and patient care. With a focus on enhancing regional access, SolutionHealth supports initiatives that protect and expand the ability of the hospital systems to uphold their charitable missions, thereby reinforcing their commitment to the health and well-being of Southern New Hampshire residents.

Overall, SolutionHealth's impact manifests in the form of increased access to healthcare resources, improved quality of care, and a stronger economic foundation for the hospitals involved, ultimately benefiting the communities they serve.




This information is meant to be a general summary of Solutionhealth. 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.

Revenue
$136,993,038 (2022)
Expenses
$138,186,899 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $136,709,957
  • Gross Receipts: $136,993,038

Assets and Liabilities:

  • Total Assets: $61,075,440
  • Total Liabilities: $53,351,073
  • Net Assets: $7,724,367

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Management fees

Revenue

$136,709,957

Organization Details

Founding Year

2018

Principal Officer

Bradley Kreick

Main Address

360 Route 101 Unit 8, Bedford, NH, 03110

NTEE Category

Code: E11 - Health

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