PLYMOUTH MEETING, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EMERGENCY CARE RESEARCH INSTITUTE, founded in 1955, is a mid-sized nonprofit in the Health Care sector that reported $77.6M in total revenue in fiscal year 2023.
ECRI IS AN INDEPENDENT NONPROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE EFFECTIVE, EVIDENCE-BASED HEALTHCARE GLOBALLY. OUR GOAL IS TO BE THE WORLD'S MOST TRUSTED, INDEPENDENT ORGANIZATION PROVIDING HEALTHCARE STAKEHOLDERS CRITICAL RESEARCH, SCIENTIFIC-BASED INSIGHTS, ACTIONABLE RECOMMENDATIONS, EDUCATION AND CONSULTATION TO ENSURE HEALTHCARE PRACTITIONERS ARE ADMINISTERING SAFE, COST-EFFECTIVE CARE IN ALL HEALTHCARE DELIVERY SETTINGS. ECRI'S STRATEGY FOR ACHIEVING OUR MISSION AND GOALS INCLUDES: 1. CONDUCTING INVESTIGATIONS AND STUDIES THAT IDENTIFY, DEVELOP, ASSESS, AND VERIFY EVIDENCE ABOUT THE QUALITY, SAFETY, AND COST EFFECTIVENESS OF HEALTHCARE TECHNOLOGIES, PRACTICES, AND FACILITIES. 2. DISSEMINATING INFORMATION, JUDGMENT, GUIDANCE, AND RESEARCH CONCLUSIONS THROUGH MEMBERSHIP PROGRAMS, PUBLICATIONS, EDUCATIONAL PROGRAMS, AND CONSULTATION. 3. DEVELOPING INFORMATION TOOLS FOR BUYERS AND USERS OF HEALTHCARE TECHNOLOGY AND SERVICES THAT MAKE INFORMED DECISION-MAKING POSSIBLE. 4. ESTABLISHING POLICIES TO ENSURE AN INTERNAL CULTURE OF SAFETY, OBJECTIVITY AND INTEGRITY. 5. COLLECTING, ORGANIZING, AND DISSEMINATING OBJECTIVE, TECHNICALLY ACCURATE INFORMATION THAT PREVENTS INJURY AND ILLNESS AND BENEFITS PATIENT CARE. 6. REMAINING INDEPENDENT AND UNBIASED REGARDING HEALTHCARE PRODUCTS AND PRACTICES ENABLING HEALTHCARE ORGANIZATIONS TO IMPROVE QUALITY, REDUCE COST AND ACHIEVE THE BEST PATIENT OUTCOMES.
RESEARCH AND EVALUATION PROGRAMS, MEMBERSHIPS, PUBLICATIONS AND INFORMATION:ECRI'S APPLIED RESEARCH AND EVALUATION, MEMBERSHIPS, AND PUBLICATIONS ALL FOCUS ON IMPROVING HEALTHCARE SAFETY, QUALITY...
RESEARCH AND EVALUATION PROGRAMS, MEMBERSHIPS, PUBLICATIONS AND INFORMATION:ECRI'S APPLIED RESEARCH AND EVALUATION, MEMBERSHIPS, AND PUBLICATIONS ALL FOCUS ON IMPROVING HEALTHCARE SAFETY, QUALITY, AND COST-EFFECTIVENESS IN SETTINGS ACROSS THE CONTINUUM OF CARE, FROM ACUTE CARE TO AMBULATORY CARE TO LONG-TERM CARE AND HOME CARE. THESE PROGRAMS ARE USED BY HOSPITALS AND HEALTHCARE PROVIDERS, POLICYMAKERS, PAYERS, THE PUBLIC, GOVERNMENT AGENCIES, AND OTHERS IN THE HEALTHCARE COMMUNITY TO IMPROVE PATIENT CARE. THROUGH THESE PROGRAMS, ECRI DISSEMINATES THE RESULTS OF ITS INTERNALLY CONDUCTED RESEARCH AND EVALUATION, OF INFORMATION AND EXPERIENCE OBTAINED THROUGH TECHNICAL ASSISTANCE SERVICES AND OTHER ACTIVITIES, AND OF INFORMATION GATHERED FROM MANY OTHER SOURCES. ECRI CONDUCTS STUDIES AND DISSEMINATES INFORMATION AND TOOLS THAT PROTECT THE PUBLIC FROM UNSAFE AND INEFFECTIVE MEDICAL TECHNOLOGIES AND PRACTICES; IMPROVES PATIENT SAFETY BY PREVENTING MEDICAL ERRORS, PATIENT ACCIDENTS, INJURIES, AND DEATH; ASSESSES THE EFFECTIVENESS OF DRUGS, DEVICES, PROCEDURES, AND PRACTICES; AND REDUCES COSTS FOR HEALTHCARE PROVIDERS AND PAYORS. EACH YEAR, ECRI DISSEMINATES HUNDREDS OF GUIDANCE ARTICLES, ALERTS, AND ADVISORIES THAT FOCUS ON WAYS TO IMPROVE THE QUALITY, SAFETY, AND COST EFFECTIVENESS OF HEALTHCARE. EACH YEAR, ECRI PUBLISHES MONOGRAPHS ON THE TOP 10 HEALTH TECHNOLOGY HAZARDS AND TOP 10 PATIENT SAFETY CONCERNS TO WHICH HEALTHCARE PROVIDERS SHOULD BE PAYING THE MOST ATTENTION, ALONG WITH RECOMMENDATIONS FOR ALLEVIATING RISKS, AS WELL AS OTHER WHITE PAPERS WITH IMPORTANT SAFETY INFORMATION AVAILABLE TO THE PUBLIC. ECRI'S WORK IS INTERNATIONAL IN SCOPE AND REQUIRES HIGHLY SPECIALIZED KNOWLEDGE AND EXPERTISE. TO HELP ENSURE THE SAFETY OF PATIENT CARE AND HEALTHCARE TECHNOLOGY, ECRI INDEPENDENTLY INVESTIGATES SAFETY ACCIDENTS; PUBLISHES PRODUCT AND SAFETY ALERTS; COLLECTS, AGGREGATES AND ANALYZES ADVERSE PATIENT SAFETY EVENT DATA AND COST DATA FROM HOSPITALS AND HEALTHCARE PROVIDERS; DISSEMINATES LESSONS LEARNED; INDEPENDENTLY EVALUATES AND VERIFIES THE EVIDENCE ON THE EFFECTIVENESS OF MEDICAL PROCEDURES AND TECHNOLOGIES; AND PROVIDES VIRTUAL AND ONSITE ASSISTANCE ON HAZARDS AND SAFETY IMPROVEMENT. ECRI MAINTAINS SEVERAL OF THE LARGEST DATABASES ON MEDICAL DEVICE HAZARDS AND RECALLS AND PRICES, WHICH COVERS THOUSANDS OF PRODUCTS RANGING FROM A SIMPLE THERMOMETER TO COMPLEX, SOPHISTICATED LIFE SUPPORT EQUIPMENT. ECRI'S EVALUATION PROGRAM CONDUCTS HANDS-ON LABORATORY TESTING TO EVALUATE THE SAFETY AND EFFICACY OF MEDICAL DEVICES THAT ARE ON THE MARKET. IT COVERS ALL TYPES OF DIAGNOSTIC AND THERAPEUTIC MEDICAL PRODUCTS, FROM MAMMOGRAPHY UNITS TO SURGICAL LASERS TO NEEDLE STICK PREVENTION DEVICES. THIS PROGRAM ENABLES ECRI TO DISSEMINATE INFORMATION ON PRODUCTS, THEIR SAFE IMPLEMENTATION AND USE, AND THEIR COST. ECRI DEVELOPED AND MAINTAINS A GLOBAL CLASSIFICATION SYSTEM FOR INDEXING MEDICAL DEVICES USED BY HEALTHCARE ORGANIZATIONS AND GOVERNMENT REGULATORY SYSTEMS WORLDWIDE AND IS A FRAMEWORK FOR TRACKING HAZARD AND RECALL INFORMATION. EACH YEAR, ECRI HOLDS SCORES OF MEETINGS, WORKSHOPS, WEBINARS, AND AUDIO CONFERENCES ADDRESSING BEST PRACTICES, PATIENT SAFETY, EVALUATION OF EVIDENCE, AND THE IMPLEMENTATION AND USE OF MEDICAL TECHNOLOGY AND HEALTH SERVICES. ECRI PROVIDES A UNIQUE EDUCATIONAL CERTIFICATION PROGRAM AND CREDENTIAL FOR HEALTHCARE SAFETY AND ENVIRONMENTAL OFFICERS. ECRI SUPPORTS FEDERALLY QUALIFIED HEALTH CENTERS IN THE PROVISION OF SAFE, HIGH-QUALITY CARE TO VULNERABLE POPULATIONS THROUGH ITS PUBLICATIONS, CONTINUING EDUCATION PROGRAMS, AND DEDICATED SUPPORT STAFF.
TECHNICAL ASSISTANCE PROGRAMS: ECRI PROMOTES IMPROVED METHODS OF PATIENT CARE BY PROVIDING THE HEALTHCARE COMMUNITY AND FEDERAL AND STATE AGENCIES WITH A WIDE RANGE OF TECHNICAL ASSISTANCE ON SAFETY...
TECHNICAL ASSISTANCE PROGRAMS: ECRI PROMOTES IMPROVED METHODS OF PATIENT CARE BY PROVIDING THE HEALTHCARE COMMUNITY AND FEDERAL AND STATE AGENCIES WITH A WIDE RANGE OF TECHNICAL ASSISTANCE ON SAFETY, QUALITY IMPROVEMENT, AND COST-EFFECTIVENESS. ECRI'S TECHNICAL ASSISTANCE PROGRAMS INCLUDE PROVIDING INFORMATION TOOLS AND SUPPORT FOR THE BUYERS AND USERS OF HEALTHCARE TECHNOLOGY;; INVESTIGATING AND ANALYZING ACCIDENTS AND EVENTS INVOLVING PATIENT SAFETY; PROVIDING ASSESSMENT AND EVALUATION OF HEALTHCARE SAFETY AND QUALITY; PROVIDING EVIDENCE-BASED RESEARCH AND EFFECTIVENESS REPORTS TO GOVERNMENT AGENCIES; CONDUCTING HANDS-ON LABORATORY TESTING TO EVALUATE THE SAFETY AND EFFICACY OF MEDICAL DEVICES THAT ARE ON THE MARKET; DESIGNING AND MAINTAINING A REPOSITORY OF CRITICAL CLINICAL GUIDELINES; DESIGNING AND MAINTAINING PATIENT SAFETY REPORTING AND ANALYSIS PROGRAMS; AND RUNNING A FEDERALLY DESIGNATED PATIENT SAFETY ORGANIZATION (PSO). ECRI TAKES REPORTS ON MEDICAL DEVICE PROBLEMS FROM ANY MEMBER OF THE PUBLIC, ANALYZES THE PROBLEMS, AND DISSEMINATES RECOMMENDATIONS TO THE PUBLIC FOR SAFE PRACTICES. THE FORM FOR SUBMITTING REPORTS IS PUBLICLY AVAILABLE. INFORMATION AND EXPERIENCE OBTAINED THROUGH SUCH ACTIVITIES ARE USED EXTENSIVELY IN ECRI'S PUBLICATIONS FOR THE HEALTHCARE COMMUNITY, THEREBY PROMOTING AND MAKING POSSIBLE IMPROVED METHODS OF PATIENT CARE FOR THE BENEFIT OF PUBLIC HEALTH.
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 | $77,585,368 | $75,228,090 | +0.0% |
| Expenses | $80,653,185 | $79,322,513 | +0.0% |
| Net Income | $-3,067,817 | $-4,094,423 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| MARCUS SCHABACKER MD PHD | PRESIDENT/CEO | 40.00 |
Officer
Director
|
$1,494,123 | $53,247 | $1,547,370 |
| SHIKHA ANAND | TRUSTEE (AS OF 6/21/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD ARONS SCD | TRUSTEE, CHAIR, CHAIR OF EXEC. COMM | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MAYER PHD | TRUSTEE, VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT M CRANE | TRUSTEE, CHR - AUDIT/COMPLIANCE COMM | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN FISHER | TRUSTEE, CHR - NOM./BOARD DEV. COMM | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARY GREEN | TRUSTEE, SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL HUANG | TRUSTEE, CHAIR OF FIN. COMMITTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINA JIMENEZ | TRUSTEE, BOARD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL PROKOPIS | TRUSTEE, TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER CATALANO | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$406,375 | $46,742 | $453,117 |
| RANDAL WHITE | CHIEF LEGAL OFFICER | 24.38 |
Officer
|
$316,272 | $48,119 | $364,391 |
| STUART MORRIS HIPKINS | CHIEF SOLUTIONS OFFICER | 40.00 |
Key Emp
|
$573,678 | $51,803 | $625,481 |
| DHEERENDRA KOMMALA | CHIEF MEDICAL OFFICER | 40.00 |
Key Emp
|
$482,108 | $26,402 | $508,510 |
| BENJAMIN DAI | CHIEF INFO. OFFICER (THRU 11/3/23) | 46.30 |
Key Emp
|
$342,179 | $12,821 | $355,000 |
| BEVIN O'NEIL | CHIEF STRATEGY OFFICER | 39.85 |
Key Emp
|
$317,102 | $13,210 | $330,312 |
| LEA RUBINI | CHIEF HR OFFICER | 40.00 |
Key Emp
|
$257,269 | $49,701 | $306,970 |
| ANDREW FURMAN | VP - CLINICAL EVIDENCE & SAFETY SOL. | 51.00 |
Highest
|
$374,007 | $48,453 | $422,460 |
| NEAL MCMAHON | SR. ACCT EXECUTIVE | 40.00 |
Highest
|
$396,150 | $13,667 | $409,817 |
| CORY WEAVER | SR. ACCT EXECUTIVE, GOVERNMENT | 36.25 |
Highest
|
$320,195 | $37,790 | $357,985 |
| ALISON MAGUIRE | VP, SALES - GLOBAL MARKET INTEL. | 39.92 |
Highest
|
$286,128 | $38,621 | $324,749 |
| LESLIE THIBODEAU | VP, CLIENT ENGAGEMENT CENTER | 40.00 |
Highest
|
$260,605 | $51,028 | $311,633 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $77,585,368 | $80,653,185 | $94,041,023 | $-3,067,817 |
| 2022 | $75,228,090 | $79,322,513 | $93,846,011 | $-4,094,423 |
| 2021 | $84,883,491 | $70,688,206 | $110,680,492 | $14,195,285 |
| 2020 | $69,793,377 | $73,559,385 | $86,471,849 | $-3,766,008 |
| 2019 | $68,470,111 | $69,730,920 | $75,327,116 | $-1,260,809 |
| 2018 | $65,906,469 | $62,935,681 | $69,292,507 | $2,970,788 |
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