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Hh Medstar Health Inc

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

EIN: 521542230 ✦ Columbia, MD ✦ Designated as a 501(c)(3)

Overview

What is Hh Medstar Health Inc?

HH Medstar Health Inc, headquartered in Columbia, Maryland, is a Maryland corporation dedicated to managing and coordinating an integrated healthcare system. With a mission to serve patients, their caretakers, and the community, HH Medstar Health's largest program involves providing support and management to MedStar Health, Inc., and its affiliated entities. In 2020, the organization incurred significant expenses for management and general operations, totaling $283.7 million.


Is Hh Medstar Health Inc legitimate?

Hh Medstar Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hh Medstar Health 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.

Here are some key statistics you may want to consider:

Executive Compensation: $3,426,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $797,485,239

For more financial information, click here


What is the mission statement of Hh Medstar Health Inc?
Who is the CEO of Hh Medstar Health Inc?
What is the revenue of Hh Medstar Health Inc?
Who are the executives of Hh Medstar Health Inc and what are their salaries?
Where can I find the form 990 for Hh Medstar Health Inc?

Mission Statement of Hh Medstar Health Inc

HH Medstar Health Inc, a Maryland corporation, is dedicated to planning, developing, coordinating, directing, and managing an integrated healthcare system. With a mission to serve patients, their caregivers, and the broader community, HH Medstar Health assumes a leading role in the healthcare sector. The organization's primary focus revolves around providing management and support to MedStar Health, Inc. and its affiliated entities. In 2020, HH Medstar Health incurred significant management and general expenses amounting to $283.7m, demonstrating their substantial commitment to their mission. In essence, HH Medstar Health functions as an umbrella organization, overseeing various aspects of healthcare delivery and ensuring the efficiency and effectiveness of the services provided.

Impact

This information is meant to be a general summary of Hh Medstar Health Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Hh Medstar Health Inc's impact can be seen through its integral role in planning, developing, coordinating, directing, and managing an integrated healthcare system. With a mission focused on serving patients, healthcare providers, and communities, the organization plays a significant part in delivering quality healthcare services through its management and support to MedStar Health, Inc. and its affiliated entities. By investing in the enhancement and maintenance of healthcare infrastructure, Hh Medstar Health Inc contributes to the well-being of individuals and communities, ultimately improving health outcomes and promoting overall community health.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $-871
  • Program Service Revenue: $1,129,685,136
  • Gross Receipts: $1,353,824,767

    • Assets and Liabilities:
  • Total Assets: $373,125,523
  • Total Liabilities: $465,252,307
  • Net Assets: -$92,126,784
  • Programs

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

    NET PATIENT SERVICE RE

    Revenue

    $853,028,297

    MANAGEMENT FEES

    Revenue

    $250,016,580

    PROVIDER INCENTIVE FEE

    Revenue

    $15,819,844

    OTHER PHYSICIAN REVENU

    Revenue

    $10,232,899

    GLOBAL CAP REV MEDICAR

    Revenue

    $587,516

    Organization Details

    Founding Year

    1987

    Principal Officer

    Kenneth Samet

    Main Address

    10980 GRANTCHESTER WAY, COLUMBIA, MD, 21044

    NTEE Category

    Code: E21 - Health

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