CHARLESTOWN, MA
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Sign In — Free (10 views/day)NEW ENGLAND BAPTIST HOSPITAL, founded in 1889, is a major nonprofit in the Health Care sector that reported $219.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.
THE MISSION OF THE NEW ENGLAND BAPTIST HOSPITAL (NEBH OR HOSPITAL) IS COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITIES SERVED BY PROVIDING HIGH QUALITY, PERSONALIZED HEALTH CARE WITH COMPASSION, DIGNITY AND RESPECT FOR PATIENT RIGHTS IN A COST EFFECTIVE AND SAFE ENVIRONMENT. NEBH PROVIDES CARE TO PATIENTS IN THE COMMUNITIES WHERE THEY LIVE AND WORK AND PROVIDES CARE TO MEDICARE, MEDICAID AND ALL OTHER PATIENTS REGARDLESS OF THEIR RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, ANCESTRY, AGE, OR DISABILITY. NEBH ACCOMPLISHES THIS MISSION IN CLOSE CONNECTION WITH THE OTHER MEMBERS OF THE BETH ISRAEL LAHEY HEALTH NETWORK OF AFFILIATES. IN ADDITION, AS PART OF ITS DEDICATION TO PROVIDING COMMUNITY BENEFITS, NEBH IS COMMITTED TO WORKING IN PARTNERSHIP WITH RESIDENTS AND COMMUNITY LEADERS AS WELL AS CIVIC, SOCIAL AND MEDICAL ORGANIZATIONS FROM THE COMMUNITIES IT SERVES. NEBH IS DEDICATED TO THE PLANNING, DEVELOPMENT, IMPLEMENTATION AND MONITORING OF PROGRAMS THAT ADDRESS THE HEALTH CARE NEEDS OF THE COMMUNITY AND OFFER CLINICAL, EDUCATIONAL AND FINANCIAL RESOURCES. THESE PROGRAMS ARE DESIGNED TO IMPROVE AWARENESS OF THE HEALTH CARE ISSUES IN THE COMMUNITIES SERVED AND INCREASE PARTICIPATION IN WELLNESS AND PREVENTATIVE HEALTH ACTIVITIES. FOR ADDITIONAL DETAIL, SEE FORM 990 SCHEDULE H. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF ANNA JAQUES HOSPITAL (AJH), BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMOUTH), LAHEY HEALTH SHARED SERVICES (LHSS), LAHEY CLINIC FOUNDATION (LCF), WINCHESTER HOSPITAL (WINCHESTER), NORTHEAST HOSPITAL CORPORATION (NHC) WHICH INCLUDES BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS, NORTHEAST BEHAVIORAL CORPORATION (NBHC), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), EXETER HEALTH RESOURCES INC. (EHRI) AND THE BETH ISRAEL LAHEY HEALTH PHARMACY. THE LAHEY CLINIC FOUNDATION IN TURN SERVED AS THE SOLE MEMBER OF LAHEY CLINIC INC, AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER (LHMC) AND EXETER HEALTH RESOURCES INC SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL. EACH OF THE ENTITIES LISTED HERE MAY HAVE ALSO, IN TURN, SERVED AS MEMBER TO OTHER NETWORK AFFILIATES. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE AND ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES.
OUTPATIENT CLINICS AND SERVICES DURING THE PERIOD COVERED BY THIS FILING, NEW ENGLAND BAPTIST HOSPITAL HAD 85,844 OUTPATIENT ENCOUNTERS. THIS INCLUDED 18 OBSERVATION CASES, 8,453 PAIN CLINIC VISITS...
OUTPATIENT CLINICS AND SERVICES DURING THE PERIOD COVERED BY THIS FILING, NEW ENGLAND BAPTIST HOSPITAL HAD 85,844 OUTPATIENT ENCOUNTERS. THIS INCLUDED 18 OBSERVATION CASES, 8,453 PAIN CLINIC VISITS, 7,911 WOUND CENTER VISITS, 7,837 OUTPATIENT AMBULATORY SURGERIES, 7,347 OUTPATIENT RADIOLOGY EXAMS, 75,152 OUTPATIENT LAB TESTS, 21,173 OUTPATIENT REHABILITATION/PHYSICAL THERAPY VISITS, AND 21,209 OTHER TESTS AND PROCEDURES. IN ADDITION, ALTHOUGH NEBH IS NOT LICENSED TO OPERATE AN EMERGENCY DEPARTMENT, NEBH STILL PROVIDES CARE TO ALL WHO NEED URGENT CARE, REGARDLESS OF THEIR ABILITY TO PAY. ALL PATIENTS WHO PRESENT AT NEBH ARE TRIAGED TO THE APPROPRIATE VENUE FOR THEIR CARE DEPENDING UPON THEIR CLINICAL PRESENTATION. A PHYSICIAN AND NURSE CLINICAL TEAM COLLABORATES TO IDENTIFY THE APPROPRIATE VENUE PRIOR TO THE ARRIVAL OF PATIENT WHEN POSSIBLE. THE PHYSICIAN WILL MAKE A DETERMINATION AS TO THE BEST PATIENT DISPOSITION. CLINICAL SITUATIONS RECEIVED BY PHONE OR WALK-IN REQUIRING EMERGENCY MANAGEMENT ARE DIRECTED TO THE NEAREST EMERGENCY DEPARTMENT, SUCH AS BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), A SISTER HOSPITAL WITH WHOM NEBH HAS AN EMERGENCY TRANSFER AGREEMENT. BIDMC IS A TERTIARY CARE ACADEMIC MEDICAL CENTER WHICH OPERATES A LEVEL I TRAUMA EMERGENCY DEPARTMENT 24 HOURS A DAY, 7 DAYS A WEEK AND WHICH IS LOCATED APPROXIMATELY ONE MILE FROM NEBH. ALL PATIENTS WHO COME TO NEBH, AND WHO CAN BE ADEQUATELY TREATED AT NEBH, ARE TREATED AND NOT TRANSFERRED, REGARDLESS OF THE PATIENT'S ABILITY TO PAY FOR CARE.
INPATIENT MEDICAL / SURGICAL AND INTENSIVE CARE THE HOSPITAL PROVIDES HIGH QUALITY CLINICAL SERVICES DIVIDED INTO CARE CENTERS: ORTHOPEDIC, MEDICAL, SURGICAL, DIAGNOSTICS AND SUPPORT SERVICES...
INPATIENT MEDICAL / SURGICAL AND INTENSIVE CARE THE HOSPITAL PROVIDES HIGH QUALITY CLINICAL SERVICES DIVIDED INTO CARE CENTERS: ORTHOPEDIC, MEDICAL, SURGICAL, DIAGNOSTICS AND SUPPORT SERVICES, REHABILITATION SERVICES AND OTHER PATIENT CARE. THROUGH THESE CARE CENTERS, NEBH PATIENTS RECEIVE NOT ONLY THE FINEST ORTHOPEDIC SERVICES, BUT ALSO DIAGNOSTIC, SURGICAL, MEDICAL AND REHABILITATIVE TREATMENT THAT'S BEYOND COMPARE. NEBH PROVIDES THE MOST ADVANCED METHODS OF HEALTH CARE COMBINED WITH COMPASSIONATE, HIGHLY SKILLED AND WELL TRAINED PROVIDERS OF CARE. NEBH NURSES AND HEALTH CARE PROFESSIONALS PROVIDE A COMPREHENSIVE ARRAY OF PROGRAMS AND SERVICES THAT ARE FOCUSED ON PATIENTS AND MEETING THE NEBH COMMUNITY'S HEALTH CARE NEEDS. DURING ITS FISCAL YEAR ENDED SEPTEMBER 30, 2024, NEW ENGLAND BAPTIST HOSPITAL CARED FOR ITS PATIENTS IN ITS 118 LICENSED BEDS AND HAD 3,275 INPATIENT DISCHARGES WITH 8,931 PATIENT DAYS AND PERFORMED 3,230 INPATIENT SURGERIES. IN ADDITION TO THE PROGRAM SERVICE ACCOMPLISHMENTS NOTED ABOVE, THE BILH NETWORK HAD SIGNIFICANT ACTIVITIES ACROSS ENTITIES RELATED TO BOTH BEHAVIORAL HEALTH AND OTHER HEALTHCARE INITIATIVES. SEE THE NARRATIVE SUPPORT FOR SCHEDULE H FOR ADDITIONAL DETAILS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $219,299,149 | $232,351,032 | -0.1% |
| Expenses | $239,087,564 | $241,317,022 | 0.0% |
| Net Income | $-19,788,415 | $-8,965,990 | +1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROWAN MICHAEL | TTEE(EXO)(CEO DESIG)EVP HOS&AMB BILH | 1.00 |
Director
|
$0 | $2,401,778 | $4,703,895 |
| HEALY PETER | TTEE (EXO) (DIV PRES, METRO BOSTON) | 1.00 |
Director
|
$0 | $84,548 | $1,682,157 |
| MATTINGLY MD DAVID | TTEE; SURG. CHIEF & ORTHO CHAIR | 1.00 |
Director
|
$0 | $36,694 | $1,632,563 |
| SMITH MD ERIC | TTEE (EXO) (CHAIR ORTHO; SURG CHIEF) | 55.00 |
Director
|
$1,078,934 | $20,384 | $1,099,318 |
| PASSAFARO DAVID | PRESIDENT & TRUSTEE (EX-OFFICIO) | 55.00 |
Officer
Director
|
$645,631 | $187,914 | $833,545 |
| BASILICO MD FACC FREDERICK | TTEE (EXOFF); CHIEF PHYS & MED CHAIR | 1.00 |
Director
|
$0 | $28,764 | $638,004 |
| HOLLENBECK MD BRIAN | TTEE (EX-OFF),SRVP,CMO CHF,INFCT DIS | 1.00 |
Director
|
$0 | $49,691 | $544,878 |
| SMITH RN MS MARY SULLIVAN | TTEE (EX-OFF); SENIOR VP, COO & CNO | 55.00 |
Director
|
$506,339 | $29,686 | $536,025 |
| CRUZ-GERVIS MD ROBERTO | TTEE (EX-OFF) (PRES, NEBH MED STAFF) | 1.00 |
Director
|
$0 | $42,838 | $505,266 |
| BACHMAN JOHN JEB | TRUSTEE AND VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| COLLINS CHRISTOPHER | TRUSTEE AND CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALBANESE JOSEPH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARKER ESQ THOMAS R | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAHILL GREGORY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JACKSON JOHN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KARUSH JONATHAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KIGIN COLLEEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KRONCKE BARBARA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NAGER NANCY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARDS II ANTHONY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAMS JUDENE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TABB MD KEVIN | CEO (EX-OFF) (CEO, BILH) | 1.00 |
Officer
|
$0 | $1,097,028 | $5,410,415 |
| RIOS CINDY | TREAS (EX-OFF) (EXEC VP & CFO, BILH) | 1.00 |
Officer
|
$0 | $217,736 | $1,689,163 |
| KATZ ESQ JAMIE | CLERK (EX-OFF); GENERAL COUNSEL BILH | 1.00 |
Officer
|
$0 | $32,002 | $1,302,177 |
| SMITH MBA BRIAN | ASST TREAS; METRO BOSTON & NEBH CFO | 1.00 |
Officer
|
$0 | $33,643 | $335,100 |
| TIMKO ESQ APRIL | ASST CLERK (ASSOC GC BILH) | 1.00 |
Officer
|
$0 | $28,911 | $216,101 |
| GIORDANO RN VAL | CHIEF STAFF & VP, STRAT. PLAN/RE | 55.00 |
Key Emp
|
$223,689 | $16,274 | $239,963 |
| LEGASSIE PAIGE | VP, HUMAN RESOURCES BUSINESS PARTNER | 55.00 |
Key Emp
|
$200,057 | $14,143 | $214,200 |
| WARD MD DANIEL | CHIEF, DIVISION OF ARTHROPLASTY | 55.00 |
Highest
|
$1,484,588 | $29,635 | $1,514,223 |
| PATEL MD SAMIR | ANESTHESIOLOGIST | 55.00 |
Highest
|
$636,670 | $60,352 | $697,022 |
| HAYEK MD JIHAD JAY | CHIEF, DEPARTMENT OF PATHOLOGY | 55.00 |
Highest
|
$391,585 | $35,935 | $427,520 |
| REARDON EDWARD | VICE PRESIDENT, PHILANTHROPY | 55.00 |
Highest
|
$274,553 | $36,244 | $310,797 |
| BUCKLEY LEO | EXEC DIRECTOR, SURGICAL BUSINESS OPS | 55.00 |
Highest
|
$246,611 | $37,235 | $283,846 |
| GHERINGHELLI MSF THOMAS J | FRMR ASST TREAS, SVP FINANCE & CFO | 0.00 |
|
$292,089 | $0 | $292,089 |
| LEFAIVRE DANIEL | FRMR ASST TREAS (EX-OFF) & CFO | 0.00 |
|
$169,311 | $25,354 | $194,665 |
| SHEEHAN RN MSN JAYNE | FRMR VP MUSC. NET. DEV., NEBH & BILH | 0.00 |
|
$225,063 | $6,962 | $232,025 |
| THOMPSON LINDA E | FRMR, SVP HR & SERVICE EXCELLENCE | 0.00 |
|
$110,210 | $0 | $110,210 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $219,299,149 | $239,087,564 | $275,459,980 | $-19,788,415 |
| 2023 | $232,351,032 | $241,317,022 | $282,755,740 | $-8,965,990 |
| 2022 | $239,204,465 | $230,200,278 | $298,561,315 | $9,004,187 |
| 2021 | $252,714,592 | $224,588,155 | $323,205,146 | $28,126,437 |
| 2020 | $213,264,610 | $219,795,277 | $270,348,462 | $-6,530,667 |
| 2019 | $248,205,475 | $234,911,028 | $239,427,109 | $13,294,447 |
| 2018 | $247,743,785 | $237,937,866 | $236,723,971 | $9,805,919 |
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