SPRINGFIELD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BAYSTATE HEALTH INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $27.3M in total revenue in fiscal year 2023. The organization ran a surplus of $4.7M, a strong 17% operating margin.
THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.
BAYSTATE HEALTH, INC. (BAYSTATE HEALTH OR BH) BASED IN SPRINGFIELD, MASSACHUSETTS IS THE PARENT CORPORATION OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM WITH THE MISSION "TO IMPROVE THE HEALTH OF THE...
BAYSTATE HEALTH, INC. (BAYSTATE HEALTH OR BH) BASED IN SPRINGFIELD, MASSACHUSETTS IS THE PARENT CORPORATION OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM WITH THE MISSION "TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITY EVERY DAY, WITH QUALITY AND COMPASSION." BH PROVIDES FUNDING FOR STRATEGIC INITIATIVES, AS NECESSARY, FUNDING FOR RESEARCH & EDUCATION INITIATIVES AND SUPPORT OF COMMUNITY HEALTH, DEVELOPMENT, AND OUTREACH ACTIVITIES, MOSTLY FUNDED BY BH BOARD-DESIGNATED FUNDS. PUBLIC HEALTH INSTITUTE OF WESTERN MASSACHUSETTS, FORMERLY PARTNERS FOR A HEALTHIER COMMUNITY, IS THE PRIMARY RECIPIENT OF BH SUPPORT. BAYSTATE HEALTH CURRENTLY INCLUDES THE FOLLOWING: BAYSTATE MEDICAL CENTER (BMC), LOCATED IN SPRINGFIELD, MASSACHUSETTS, IS THE LARGEST OF THE FOUR HOSPITALS IN THE BAYSTATE HEALTH SYSTEM. BMC, THE LEADING HEALTH FACILITY IN WESTERN MASSACHUSETTS, IS THE ONLY TERTIARY CARE REFERRAL MEDICAL CENTER AND LEVEL I TRAUMA CENTER IN THE REGION. IT IS ALSO HOME TO WESTERN NEW ENGLAND'S ONLY NEONATAL AND PEDIATRIC INTENSIVE CARE UNITS. BMC IS A 768-BED, TAX EXEMPT, NOT-FOR-PROFIT, ACADEMIC TEACHING HOSPITAL. BAYSTATE FRANKLIN MEDICAL CENTER (BFMC), LOCATED IN GREENFIELD, MASSACHUSETTS, IS A 89-BED, TAX EXEMPT, NOT-FOR-PROFIT, ACUTE CARE COMMUNITY HOSPITAL. BFMC SERVES THE NORTHERN TIER OF NORTHWESTERN MASSACHUSETTS AND SOUTHERN VERMONT. BAYSTATE WING HOSPITAL CORPORATION (BWH), LOCATED IN PALMER, MASSACHUSETTS, IS A 40-BED, TAX-EXEMPT, NOT-FOR-PROFIT, ACUTE CARE COMMUNITY HOSPITAL. BAYSTATE TOTAL HOME CARE, INC. (BTHC), LOCATED IN SPRINGFIELD, MASSACHUSETTS, IS A TAX EXEMPT, NOT-FOR-PROFIT CORPORATION ORGANIZED TO BENEFIT, SUPPORT AND FURTHER THE CHARITABLE ACTIVITIES OF BMC. BAYSTATE NOBLE HOSPITAL, INC. (BNH), LOCATED IN WESTFIELD, MASSACHUSETTS, IS A 65-BED TAX-EXEMPT, NOT-FOR-PROFIT ACUTE CARE COMMUNITY HOSPITAL. BNH PROVIDES INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES FOR RESIDENTS IN THE GREATER WESTFIELD COMMUNITY. BAYSTATE MEDICAL PRACTICES, INC. (BMP) IS A MULTI-SPECIALTY ACADEMIC GROUP PRACTICE ESTABLISHED AS A TAX EXEMPT, NOT-FOR-PROFIT ORGANIZATION TO SUPPORT THE EDUCATIONAL AND RESEARCH PROGRAMS OF BAYSTATE HEALTH AS WELL AS NUMEROUS COMMUNITY PRIMARY CARE AND OUTREACH SERVICES. VISITING NURSE ASSOCIATION AND HOSPICE OF WESTERN NEW ENGLAND, INC. (BVNAH) IS A TAX EXEMPT, NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES COMPREHENSIVE HOME HEALTH CARE COMMITTED TO PROVIDING THE HIGHEST QUALITY CARE TO PATIENTS AND FAMILIES, PRIMARILY IN THE HOME SETTING. BVNAH MEETS INDIVIDUAL NEEDS BY BRINGING EXPERIENCED NURSES, REHABILITATION THERAPISTS, SOCIAL WORKERS, AND HOME CARE AIDES TO PATIENTS' HOMES. HEALTH NEW ENGLAND, INC. (HNE) IS A TAX EXEMPT, NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATION. IT IS LOCATED IN SPRINGFIELD, MASSACHUSETTS. HNE'S SERVICE AREA IN MASSACHUSETTS INCLUDES FRANKLIN, BERKSHIRE, HAMPDEN AND HAMPSHIRE COUNTIES AND PART OF WORCESTER COUNTY. HNE ALSO SERVES HARTFORD, LITCHFIELD AND TOLLAND COUNTIES IN CONNECTICUT. BAYSTATE ADMINISTRATIVE SERVICES, INC. (BAS) IS A TAX EXEMPT, NOT-FOR-PROFIT CORPORATION THAT PROVIDES MANAGEMENT SUPPORT FOR THE BH SUBSIDIARIES, INCLUDING HUMAN RESOURCES, MARKETING, STRATEGIC PLANNING, INFORMATION SERVICES AND FINANCIAL SERVICES. BAYSTATE HEALTH FOUNDATION, INC. (BHF) IS A TAX EXEMPT, CHARITABLE ORGANIZATION ESTABLISHED FOR THE PURPOSE OF FUND-RAISING FOR HEALTHCARE RELATED ACTIVITIES, IN SUPPORT, AND FOR THE BENEFIT, OF BH AND THOSE SUBSIDIARIES OF BH THAT ARE TAX EXEMPT, NOT-FOR-PROFIT CORPORATIONS, AND TO HOLD ENDOWMENT, CHARITABLE DONATIONS, AND OTHER FUNDS FOR THEIR BENEFIT. INGRAHAM CORPORATION (IC) IS A FOR-PROFIT, TAXABLE CORPORATION WHOSE MAIN PURPOSE IS FACILITY SUPPORT SERVICES. BAYSTATE HEALTH INSURANCE COMPANY, LTD. (BHIC) IS A CAPTIVE INSURANCE COMPANY ORGANIZED AND LICENSED IN THE CAYMAN ISLANDS, BRITISH WEST INDIES. BHIC PROVIDES PROFESSIONAL LIABILITY AND OTHER INSURANCE COVERAGE TO BH AND ITS CORPORATE AFFILIATES AND THEIR EMPLOYEES. BHIC ALSO OFFERS MALPRACTICE INSURANCE TO MEMBERS OF BH'S MEDICAL STAFF WHO MEET CRITERIA FOR PARTICIPATION.
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 | $27,341,162 | $28,034,230 | 0.0% |
| Expenses | $22,646,097 | $25,788,744 | -0.1% |
| Net Income | $4,695,065 | $2,245,486 | +1.1% |
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 |
|---|---|---|---|---|---|---|
| MARK A KEROACK MD | TRUSTEE (THRU 6/3/24)/PRESIDENT & CEO - BH | 35.00 |
Officer
Director
|
$0 | $44,265 | $2,758,272 |
| NICOLAS JABBOUR MD | TRUSTEE (AS OF 1/1/24)/CHAIR DEPT. OF SURGERY | 1.00 |
Director
|
$0 | $56,490 | $1,083,422 |
| KEVIN P MORIARTY MD | TRUSTEE (THRU 12/31/23)/CHIEF PED SURGERY | 1.00 |
Director
|
$772,803 | $54,493 | $827,296 |
| AKINYELE K LOVELACE DO | TRUSTEE/PER DIEM INTERNIST | 1.00 |
Director
|
$102,600 | $4,617 | $107,217 |
| SARA ROURKE MD | TRUSTEE/PER DIEM URGENT CARE PHYSICIAN | 1.00 |
Director
|
$31,250 | $1,719 | $32,969 |
| COLLEEN W HOLMES | VICE CHAIR/TRUSTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HARRIET A DEVERRY | CHAIR/TRUSTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER D BANKO | TRUSTEE (AS OF 6/4/24)/PRESIDENT & CEO - BH | 35.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTONIO E DOS SANTOS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAUDIA R COPLEIN DO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE R JORDAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CARDONA | TRUSTEE (THRU 12/31/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| IRENE RODRIGUEZ-MARTIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES R PHANEUF | TRUSTEE (THRU 12/31/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE QUINK | TRUSTEE (AS OF 1/1/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA THOMPSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MADELINE LANDRAU | TRUSTEE (AS OF 1/1/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIA P GONCALVES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK A O'CONNELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL C PICKNELLY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL R MURPHY | TRUSTEE (THRU 12/31/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD BOSSIE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT J BACON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RUTH H CONSTANTINE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM R WEBBER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RAYMOND MCCARTHY | TRUSTEE/SVP, CFO & TREASURER BH | 10.00 |
Officer
|
$0 | $29,919 | $1,211,162 |
| KRISTIN R DELANEY | CLERK/DIR CORP GOVERNANCE | 34.00 |
Officer
|
$0 | $40,432 | $217,312 |
| NANCY REMILLARD | ASST. CLERK OF THE CORP | 1.00 |
Officer
|
$0 | $13,612 | $76,724 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $27,341,162 | $22,646,097 | $260,600,991 | $4,695,065 |
| 2023 | $28,034,230 | $25,788,744 | $320,977,322 | $2,245,486 |
| 2022 | $11,532,257 | $22,070,018 | $247,749,996 | $-10,537,761 |
| 2021 | $30,171,754 | $32,117,468 | $257,276,337 | $-1,945,714 |
| 2020 | $40,124,462 | $34,728,141 | $239,302,322 | $5,396,321 |
| 2019 | $28,862,452 | $29,360,274 | $237,936,537 | $-497,822 |
| 2018 | $26,819,281 | $28,188,865 | $236,024,226 | $-1,369,584 |
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