Meriden, CT
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Sign In — Free (10 views/day)Midstate Medical Center, founded in 1885, is a major nonprofit in the Health Care sector that reported $443.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $426.6M left a modest 4% surplus.
The mission of Midstate Medical Center is to improve the health and healing of the people and communities we serve.
Orthopedics:In partnership with the parent, Hartford HealthCare Corporation, the organization launched the Connecticut Orthopedic Institute at Midstate Medical Center. Designed and managed by our...
Orthopedics:In partnership with the parent, Hartford HealthCare Corporation, the organization launched the Connecticut Orthopedic Institute at Midstate Medical Center. Designed and managed by our renowned Orthopedic specialists, the professionals at the Institute plan every detail to give patients the best possible experience for treatment and recovery.At 14,000 square feet, the Institute spans an entire pavilion of Midstate Medical Center that's been completely renovated and repurposed for Orthopedic patients and their guests. The Institute includes 21 all-private patient rooms and 11 operating rooms, a new Orthopedic rehabilitation space, separate kitchen facilities, and other convenient amenities to make the patient experience seamless, comforting, and safe.The Institute offers the latest treatments and techniques for bone, muscle, and joint problems to give patients a faster path to recovery. Our Orthopedic specialists are fellowship-trained in their area of expertise, so patients can be comforted knowing that their doctors are wholly focused on treating their injury and helping them move forward.The Institute is a dedicated Orthopedic hospital that offers a full continuum of care from first diagnosis through rehabilitation in areas including: *Joint Reconstruction (Knee, Hip, Shoulder, and Elbow) *Foot and Ankle Surgery *Podiatric Care *Hand Surgery *Spine Services *Artificial Disc Replacements *Arthroscopic Procedures *Fracture CareFor FY24, the Institute had 15,025 cases with an average length of stay of 3.0 days. The Institute employed 38 surgeons during the previous fiscal year.
Gastroenterology:The Digestive Health Center of Midstate Medical Center (The Center) is a dedicated hospital center by board certified gastroenterologists and is located on the Hospital's main...
Gastroenterology:The Digestive Health Center of Midstate Medical Center (The Center) is a dedicated hospital center by board certified gastroenterologists and is located on the Hospital's main campus. For patients in central Connecticut, The Center is a comprehensive resource for the prevention, diagnosis and treatment of a full range of gastrointestinal disorders that affect the stomach, colon and digestive tract.The staff provides expert care to all of our patients and work together to provide a seamless transition from pre-procedure to procedure and room to home. Our staff ensures that each patient has a visit that is as pleasant and comfortable as possible. We care for inpatients as well as an outpatient population.The Center provides upper services such endoscopies and colonoscopies as well as radiofrequency ablation for patients with high grade Barrett's Esophagus, and ERCP (Endoscopic Retrograde Cholangiopancreatogram). Pulmonologist's frequent our department as we continue to care for patients having Bronchoscope procedures. Some other conditions treated at the Center include: Ulcerative Colitis; GERD (Heartburn); Diverticulitis; Irritable Bowel Syndrome; Crohn's Disease; Barrett's Esophagus; and Colon Cancer.For FY24, the Center had 13,648 cases with an average length of stay of 3.2 days.
Orthopedic Spine Conditions:Midstate Spine Care brings together the expertise of specialists in Orthopedic spine surgery, neurosurgery, pain medicine, physical medicine, rehabilitation and...
Orthopedic Spine Conditions:Midstate Spine Care brings together the expertise of specialists in Orthopedic spine surgery, neurosurgery, pain medicine, physical medicine, rehabilitation and rheumatology to offer patients with back and neck pain the most comprehensive, effective medical and surgical treatment options.Whenever possible, our physicians will prescribe conservative, nonsurgical treatment to get you back to your life quickly and safely.For some problems, however, surgery is the best solution, and Midstate offers the clinical expertise and a wide variety of options for even the most difficult spine conditions. Midstate Medical Center's Spine Surgery Program has earned distinction by the Aetna Institutes of Quality and has been recognized for program excellence related to high-quality care and commitment to continuous improvement.The Hospital Spine Center treats a variety of conditions including, but not limited to: *Chronic back and neck pain *Degenerative back and neck disorders *Spondylolisthesis *Spinal stenosis *Disc herniation *Chiari malformation *Spinal fracture *Deformities, including scoliosis and kyphosis *Primary and metastatic spinal tumorsFor FY24, the Center had 7,784 cases with an average length of stay of 3.2 days. During the previous fiscal year, the Center employed 12 surgeons.
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 | $443,370,802 | $478,470,804 | -0.1% |
| Expenses | $426,648,757 | $465,983,868 | -0.1% |
| Net Income | $16,722,045 | $12,486,936 | +0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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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 |
|---|---|---|---|---|---|---|
| Howard Boey MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Phillip Boiselle MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Gina Calder | Director/President | 30.00 |
Director
|
$0 | $0 | $0 |
| Bruce Eldridge | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeffrey Finkelstein MD | Dir./Interim President (Thru 08/24) | 30.00 |
Officer
Director
|
$0 | $71,147 | $679,632 |
| Vincent Fortunato | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Nadine Francis-West | Chair (Thru 06/2024) | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gary Havican | Director/President (Thru 02/2024) | 30.00 |
Officer
Director
|
$0 | $136,812 | $900,380 |
| Ali Hemdan MD | Director (Thru 09/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| Yvette Highsmith | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| David Hyman DDS | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cynthia McCraven | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| John Rathgeber | Director (Thru 06/2024) | 0.00 |
Director
|
$0 | $0 | $0 |
| David Silverman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Alex Toribio | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Joseph Del Mastro | VP, Finance | 30.00 |
Officer
Director
|
$0 | $4,563 | $72,451 |
| Fred Sorbo III | Interim VP, Finance (Thru 12/23) | 30.00 |
Officer
|
$0 | $3,839 | $100,917 |
| Doris Poma | VP, Human Resources | 30.00 |
Key Emp
|
$0 | $15,857 | $268,123 |
| Janette Edwards | VP, Operations | 30.00 |
Key Emp
|
$0 | $67,245 | $397,523 |
| Karen Fasano | VP, Patient Care | 30.00 |
Key Emp
|
$0 | $27,381 | $369,295 |
| Rockman Ferrigno MD | Interim VP, Medical Affairs | 30.00 |
Key Emp
|
$0 | $50,527 | $587,658 |
| Manjunath Ramaiah MD | Hospitalist | 60.00 |
Highest
|
$664,109 | $23,857 | $687,966 |
| Timothy Pratt MD | Hospitalist | 60.00 |
Highest
|
$582,050 | $33,887 | $615,937 |
| Andrew Metzger MD | Medical Director | 60.00 |
Highest
|
$515,353 | $62,050 | $577,403 |
| Katherine Stettmeier MD | Hospitalist | 60.00 |
Highest
|
$444,477 | $29,948 | $474,425 |
| Leslie Muska MD | Physician Assistant PDm | 60.00 |
Highest
|
$457,916 | $44,799 | $502,715 |
| Sean Curtin | Former Officer | 0.00 |
|
$0 | $63,344 | $440,432 |
| Elizabeth Ciotti | Former Officer | 0.00 |
|
$0 | $32,404 | $339,998 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $443,370,802 | $426,648,757 | $517,182,671 | $16,722,045 |
| 2023 | $478,470,804 | $465,983,868 | $474,857,778 | $12,486,936 |
| 2022 | $439,842,089 | $424,155,725 | $467,211,742 | $15,686,364 |
| 2021 | $410,150,277 | $379,470,588 | $459,995,708 | $30,679,689 |
| 2020 | $379,906,364 | $356,518,886 | $402,305,670 | $23,387,478 |
| 2019 | $320,059,067 | $291,243,590 | $331,693,554 | $28,815,477 |
| 2018 | $283,390,732 | $265,279,078 | $304,607,474 | $18,111,654 |
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