CHARLESTOWN, MA
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Sign In — Free (10 views/day)BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM INC, founded in 1994, is a major nonprofit in the Health Care sector that reported $161.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.
THE MISSION OF THE BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM, INC. (BIDN 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. BIDN 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. BIDN 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, BIDN IS COMMITTED TO WORKING IN PARTNERSHIP WITH RESIDENTS AND COMMUNITY LEADERS AS WELL AS CIVIC, SOCIAL AND MEDICAL ORGANIZATIONS FROM THE COMMUNITIES IT SERVES. BIDN 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 BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM (BIDN OR HOSPITAL), IS A 73-BED ACUTE CARE COMMUNITY HOSPITAL THAT HAS SERVING THE RESIDENTS OF NEEDHAM AND SURROUNDING...
OUTPATIENT CLINICS AND SERVICES BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM (BIDN OR HOSPITAL), IS A 73-BED ACUTE CARE COMMUNITY HOSPITAL THAT HAS SERVING THE RESIDENTS OF NEEDHAM AND SURROUNDING COMMUNITIES. THE HOSPITAL PROVIDES A COMPREHENSIVE PROGRAM OF CLINICAL SERVICES ENCOMPASSING GENERAL INTERNAL MEDICINE AND ALL THE SUBSPECIALTIES OF INTERNAL MEDICINE, COVERING THE GAMUT OF SERVICES FROM PRIMARY TO TERTIARY CARE AS WELL AS PROVIDING SURGICAL SERVICES ON AN OUTPATIENT BASIS AND WORKS IN CLOSE COLLABORATION WITH ITS BILH AFFILIATES. BIDN'S MEDICAL STAFF BLENDS EXPERIENCED PRIMARY CARE PHYSICIANS AND SPECIALISTS IN A FULL SPECTRUM OF DISCIPLINES. IN ADDITION, BIDN HAS A COMPLETE 24-HOUR LABORATORY AS WELL AS A FULL RANGE OF DIAGNOSTIC IMAGING SERVICES. BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC OR MEDICAL CENTER), IS A NATIONALLY RECOGNIZED TERTIARY CARE ACADEMIC MEDICAL CENTER, IS A TEACHING HOSPITAL OF HARVARD MEDICAL SCHOOL AND A SISTER HOSPITAL OF BIDN. BIDMC IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND IS RECOGNIZED NATIONALLY FOR THE CLINICAL EXCELLENCE OF ITS FACULTY AND THE PATIENT CARE PROVIDED, AS WELL AS FOR THE MAGNITUDE AND BREADTH OF ITS RESEARCH AND FOR ITS COMMITMENT TO MEDICAL EDUCATION. MANY BIDMC PHYSICIANS ALSO HOLD APPOINTMENTS AT HARVARD OR OTHER MAJOR MEDICAL SCHOOLS AND ARE TIED CLOSELY WITH THEIR COLLEAGUES AT OTHER ACADEMIC MEDICAL CENTERS. PATIENTS AT BIDN HAVE SEAMLESS ACCESS TO BIDMC WHEN NEEDED. DURING THE PERIOD COVERED BY THIS FILING, BIDN HAD 218,237 OUTPATIENT ENCOUNTERS. THIS INCLUDED 33,580 HOSPITAL CLINIC VISITS, 2,386 OBSERVATION CASES, 2,457 PAIN CLINIC VISITS, 1,759 WOULD CENTER VISITS, 4,414 OUTPATIENT AMBULATORY SURGERIES, 5,876 OUTPATIENT ENDOSCOPY PROCEDURES, 4,534 OUTPATIENT EKG EXAMS, 894 OUTPATIENT ORTHOPEDIC PROCEDURES, 26,801 OUTPATIENT RADIOLOGY EXAMS, 19,986 OUTPATIENT CT SCANS, 8,078 OUTPATIENT ULTRASOUNDS, 7,524 OUTPATIENT MRIS, 1,171 OTHER NUCLEAR MEDICINE TESTS, 13,420 BREAST IMAGING EXAMS, 499,614 OUTPATIENT LAB TESTS, 5,044 OUTPATIENT REHABILITATION/PHYSICAL THERAPY VISITS AND 27, 992 OTHER TESTS AND PROCEDURES.
ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, RECEIVED SEVERANCE PAYMENTS. ADDITIONAL INFORMATION IS INCLUDED WITH THE EXPLANATORY NOTES TO SCHEDULE J BELOW...
ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, RECEIVED SEVERANCE PAYMENTS. ADDITIONAL INFORMATION IS INCLUDED WITH THE EXPLANATORY NOTES TO SCHEDULE J BELOW. BILH AND ITS AFFILIATES MAINTAIN CERTAIN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS. DURING THE PERIOD COVERED BY THIS FILING, ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, MAY HAVE PARTICIPATED IN ONE OR MORE OF THE FOLLOWING PLANS, WHICH UNDER THE DEFINITION TO THIS FORM 990 ARE SUPPLEMENTAL NONQUALIFIED PLANS: BETH ISRAEL DEACONESS MEDICAL CENTER EXECUTIVE RETIREMENT PROGRAM, BETH ISRAEL LAHEY HEALTH, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, LAHEY CLINIC FOUNDATION, INC. 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN PHYSICIANS, SENIOR MANAGEMENT AND DEFINED MEDICAL STAFF, THE JORDAN HEALTH SYSTEMS, INC. 457(F) DEFERRED COMPENSATION PLAN. IN ADDITION, DURING THE PERIOD COVERED BY THIS FILING, ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, MAY HAVE PARTICIPATED IN ONE OR MORE OF THESE ADDITIONAL IRC 457(B) PLANS AND BENEFITS FROM PARTICIPATING IN ONE OF THESE PLANS IS ALSO REPORTED IN THIS FORM 990: ANNA JAQUES HOSPITAL SELECT GROUP 457(B) DEFERRED COMPENSATION PLAN, BETH ISRAEL DEACONESS HOSPITAL MILTON 457(B) PLAN, BETH ISRAEL DEACONESS MEDICAL CENTER 457(B) PLAN, BETH ISRAEL LAHEY HEALTH, INC. 457(B) DEFERRED COMPENSATION PLAN, LAHEY CLINIC FOUNDATION, INC. 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN PHYSICIANS, SENIOR MANAGEMENT AND DEFINED MEDICAL STAFF, MOUNT AUBURN HOSPITAL 457(B) DEFERRED COMPENSATION PLAN, NEW ENGLAND BAPTIST HOSPITAL 457(B) PLAN, THE JORDAN HEALTH SYSTEMS, INC. ELIGIBLE DEFERRED COMPENSATION PLAN, WINCHESTER HOSPITAL SELECT GROUP 457(B) DEFERRED COMPENSATION PLAN, EXETER HEALTH RESOURCES, INC. 457(B) RETIREMENT SAVINGS PLAN, HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 457(B) DEFERRED COMPENSATION PLAN. THESE PLANS ARE NON-QUALIFIED DEFERRED COMPENSATION PLANS AND PURSUANT TO THE PLANS, ELIGIBLE EMPLOYEES RECEIVE CERTAIN RETIREMENT BENEFITS AND/OR CAN MAKE THEIR OWN EMPLOYEE DEFERRALS. AMOUNTS RECEIVED BY PARTICIPANTS AND DEFERRED BY PARTICIPANTS ARE INCLUDED IN FORM 990 SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION AND/OR FORM 990, SCHEDULE J, PART II, COLUMN C, DEFERRED COMPENSATION IN ACCORDANCE WITH THE INSTRUCTIONS TO THIS FORM 990. ADDITIONAL INFORMATION IS INCLUDED WITH THE EXPLANATORY NOTES TO SCHEDULE J BELOW.
EMERGENCY DEPARTMENT BIDN OPERATES AN EMERGENCY DEPARTMENT (ED) WHICH IS OPEN TO ALL PATIENTS IN NEED OF EMERGENT CARE, REGARDLESS OF ABILITY TO PAY. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365...
EMERGENCY DEPARTMENT BIDN OPERATES AN EMERGENCY DEPARTMENT (ED) WHICH IS OPEN TO ALL PATIENTS IN NEED OF EMERGENT CARE, REGARDLESS OF ABILITY TO PAY. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR. DURING THE FISCAL YEAR COVERED BY THIS FILING, BIDN HAD 27,591 EMERGENCY DEPARTMENT VISITS. 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 | $161,296,602 | $170,815,918 | -0.1% |
| Expenses | $160,246,247 | $140,022,676 | +0.1% |
| Net Income | $1,050,355 | $30,793,242 | -1.0% |
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(CEO DESIG) EVP HOS&AMBSVCS BILH | 1.00 |
Director
|
$0 | $2,401,778 | $4,703,895 |
| SHORETT PETER | TTEE(CEO DESIG) (SR EVP & COO, BILH) | 1.00 |
Director
|
$0 | $48,246 | $1,607,722 |
| FOGARTY JOHN | PRESIDENT & TRUSTEE (EX-OFFICIO) | 55.00 |
Officer
Director
|
$609,616 | $188,869 | $798,485 |
| KANNAM MD JOSEPH | TRUSTEE; CARDIOLOGIST | 1.00 |
Director
|
$0 | $69,575 | $530,897 |
| CARNAHAN VIRGINIA | TRUSTEE & CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FLEMING PAUL | TRUSTEE & VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AUTH JOSEPH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARABINO GILDA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAGGIANO GINNY | TTEE (EX-OFF) (CHAIR, BD OF ADVIS) | 1.00 |
Director
|
$0 | $0 | $0 |
| CARUCCI DEAN | TTEE (EXO) (BILH DIV PRES COMMUNITY) | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAMOUN NASSIB | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| COFFMAN BARRY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| COUGHLIN JAMES C | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAMER JEREMY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEAMORE DENISE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FINE GAIL H | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KIERSTEAD JANA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LEVINE BRUCE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MANNING MD BETH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARINO ROGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MEDALIE LESLIE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| POPEO PAUL D | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ULLMAN SONAL | TTEE (EX-OFF) (PRES, MEDICAL STAFF) | 1.00 |
Director
|
$0 | $0 | $0 |
| WRIGHT JOHN | 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 |
| RANGAVIZ SHEILAH | ASST TREAS (EX-OFF), CFO | 1.00 |
Officer
|
$0 | $16,067 | $352,611 |
| SMITH MBA BRIAN | ASST TREAS (EX-OFF) & CFO | 55.00 |
Officer
|
$301,457 | $33,643 | $335,100 |
| VAZ ESQ BRIAN | ASST CLERK (EX-OFF) (ASST GC BILH) | 1.00 |
Officer
|
$0 | $23,996 | $176,797 |
| MCSWEENEY MD GREGORY | SVP & CHIEF MEDICAL OFFICER | 55.00 |
Key Emp
|
$351,559 | $41,508 | $393,067 |
| DAVIDSON RN KATHLEEN | SVP, CNO, COO | 55.00 |
Key Emp
|
$337,057 | $32,750 | $369,807 |
| WELCH JULIE A | VP, HUMAN RESOURCES BUSINESS PARTNER | 55.00 |
Key Emp
|
$223,682 | $32,475 | $256,157 |
| SULLIVAN MD MATTHEW | GASTROENTEROLOGIST | 55.00 |
Highest
|
$853,150 | $78,712 | $931,862 |
| BOYD MD CHRISTOPHER G | CARDIOLOGIST | 55.00 |
Highest
|
$592,522 | $67,955 | $660,477 |
| MCCARTHY MD KEVIN E | CARDIOLOGIST | 55.00 |
Highest
|
$601,197 | $26,796 | $627,993 |
| PIATELLI LUANNE | REGISTERED NURSE | 55.00 |
Highest
|
$248,581 | $42,279 | $290,860 |
| BERNARD LOUISE | REGISTERED NURSE | 55.00 |
Highest
|
$244,566 | $38,068 | $282,634 |
| MURPHY TRACY | FORMER ASSISTANT CLERK | 0.00 |
|
$100,657 | $10,714 | $111,371 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $161,296,602 | $160,246,247 | $185,625,640 | $1,050,355 |
| 2023 | $170,815,918 | $140,022,676 | $183,751,217 | $30,793,242 |
| 2022 | $138,937,991 | $133,771,396 | $166,387,328 | $5,166,595 |
| 2021 | $126,877,037 | $120,642,727 | $170,627,277 | $6,234,310 |
| 2020 | $106,145,010 | $106,301,218 | $166,952,017 | $-156,208 |
| 2019 | $104,920,401 | $101,709,249 | $155,884,405 | $3,211,152 |
| 2018 | $99,617,281 | $91,881,145 | $155,754,569 | $7,736,136 |
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