SHAKER HEIGHTS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UNIVERSITY HOSPITALS HEALTH SYSTEM INC, founded in 1940, is a major nonprofit in the Health Care sector that reported $990.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $2.8B represent 34 months of operating reserves.
UNIVERSITY HOSPITALS (THE "SYSTEM") IS GUIDED BY ITS MISSION "TO HEAL. TO TEACH. TO DISCOVER." THE SYSTEM SERVES A UNIQUE ROLE IN THE COMMUNITIES IT SERVES BY PROVIDING DIVERSE POPULATIONS THROUGHOUT THE NORTHEAST OHIO REGION WITH COMPREHENSIVE HEALTH CARE - FROM PRIMARY CARE TO HIGHLY SPECIALIZED MEDICAL CARE FOR THE MOST SERIOUS OF HEALTH PROBLEMS. THE SYSTEM IS KNOWN FOR PROVIDING SUPERIOR, LEADING-EDGE HEALTH CARE ACROSS THE FULL RANGE OF MEDICAL AND SURGICAL SPECIALITIES FROM INFANCY TO ELDER CARE. IN ADDITION TO DELIVERING QUALITY PATIENT CARE, THE SYSTEM SERVES AS A PREEMINENT TEACHING FACILITY FOR PHYSICIANS, NURSES AND ANCILLARY MEDICAL PERSONNEL. THE SYSTEM'S EXTENSIVE CLINICAL RESEARCH PROGRAMS CONTINUE TO IMPROVE THE UNDERSTANDING OF DISEASE AND ENHANCE PATIENT CARE.
COMMITMENT TO THE COMMUNITY REMAINS AT THE CORE OF THE SYSTEM'S MISSION: TO HEAL. TO TEACH. TO DISCOVER. IN 2023, UNIVERSITY HOSPITALS DEDICATED MORE THE $522 MILLION TO COMMUNITY BENEFIT PROGRAMS IN...
COMMITMENT TO THE COMMUNITY REMAINS AT THE CORE OF THE SYSTEM'S MISSION: TO HEAL. TO TEACH. TO DISCOVER. IN 2023, UNIVERSITY HOSPITALS DEDICATED MORE THE $522 MILLION TO COMMUNITY BENEFIT PROGRAMS IN NORTHEAST OHIO CONSISTING OF: - EDUCATION AND TRAINING = $100 MILLION - RESEARCH = $58 MILLION - CHARITY CARE = $58 MILLION - MEDICAID SHORTFALL = $268 MILLION - COMMUNITY HEALTH IMPROVEMENT SERVICES, PROGRAMS AND SUPPORT = $38 MILLION - HOSPITAL CARE ASSURANCE PROGRAM (HCAP) = ($75 MILLION) REFER TO SCHEDULE H IN THE UH GROUP RETURN FOR FURTHER DETAIL ON HOW THE SYSTEM MEASURES AND REPORTS COMMUNITY BENEFIT. COMMUNITY BENEFIT FOR 2023 TOTALED $522 MILLION. IN ADDITION TO CHARITY CARE AND INSUFFICIENT FUNDING FROM THE MEDICAID PROGRAM, THE SYSTEM INCURS SIGNIFICANT LOSSES RELATED TO SELF-PAY PATIENTS WHO FAIL TO MAKE PAYMENT FOR SERVICES RENDERED OR INSURED PATIENTS WHO FAIL TO REMIT CO-PAYMENTS AND DEDUCTIBLES AS REQUIRED UNDER APPLICABLE HEALTH INSURANCE ARRANGEMENTS. IN 2023, $129 MILLION REPRESENTED REVENUES FOR SERVICES PROVIDED THAT WERE DEEMED TO BE UNCOLLECTIBLE. THE SYSTEM HAS A BROAD PRESENCE THROUGHOUT NORTHEAST OHIO, INCLUDING CUYAHOGA, LORAIN, GEAUGA, ASHTABULA, PORTAGE, ASHLAND, LAKE, AND RICHLAND COUNTIES SERVICE AREAS. THE BREADTH OF THE SYSTEM'S SERVICE AREA IS COVERED THROUGH ITS ACADEMIC MEDICAL CENTER, COMMUNITY MEDICAL CENTERS, JOINT VENTURES, AMBULATORY HEALTH CENTERS AND MEDICAL PRACTICES. THE UH HEALTH SYSTEM PROVIDES WORK DIRECTLY FOR 38,433 (32,607 REPORTED ON THE UH GROUP FORM 990) EMPLOYEES AND PHYSICIANS. UH PROVIDES MANY COMMUNITY BENEFITS DIRECTLY AND INDIRECTLY THROUGH NEW OR EXPANDED BUSINESS OPPORTUNITIES AND THROUGH IMPORTANT CAPITAL INVESTMENTS IN OUR FACILITIES. UH HAS COMMITTED - AND CONTINUES TO COMMIT - MILLIONS OF DOLLARS TO FACILITIES AND OPERATIONS WITHIN THE CITY OF CLEVELAND AND THROUGHOUT OUR REGION, PROVIDING CONSTRUCTION AND HOSPITAL-BASED JOBS. STATE-OF-THE-ART FACILITIES AND SERVICES AT UH CLEVELAND MEDICAL CENTER, OUR WORLD-RENOWNED ACADEMIC MEDICAL CENTER IN CLEVELAND, PROVIDE CLEVELAND RESIDENTS AND PEOPLE FROM THROUGHOUT THE REGION AND THE WORLD WITH THE FINEST IN PRIMARY AND SPECIALTY HEALTH CARE. THE FACILITIES ALLOW US TO CONDUCT VITAL MEDICAL RESEARCH AND OFFER ADVANCED TRAINING FOR STUDENTS AND HEALTH PROFESSIONALS. THE QUENTIN & ELISABETH ALEXANDER NEONATAL INTENSIVE CARE UNIT AT UH RAINBOW BABIES & CHILDREN'S HOSPITAL SERVES OUR MOST VULNERABLE CHILDREN. THE SYSTEM'S EMERGENCY FACILITIES AT OUR MEDICAL CENTERS AND THE SYSTEM'S SEIDMAN CANCER CENTER AT UH CLEVELAND MEDICAL CENTER AND VARIOUS COMMUNITY MEDICAL CENTERS, CONTINUE TO PROVIDE EXPANDED EMPLOYMENT OPPORTUNITIES WHILE EXTENDING UH'S MISSION TO MORE PATIENTS. NEW STATE-OF-THE-ART OUTPATIENT HEALTH CENTERS IN THE REGION HAVE SPURRED ECONOMIC GROWTH WHILE GIVING PEOPLE ACCESS TO THE CARE THEY NEED CLOSE TO HOME AND EXPANDING OUR COMMUNITY BENEFIT PROGRAMS. THE SYSTEM IS PROUD TO CONTRIBUTE TO THE HEALTH OF OUR CITIZENS AND TO BE A POSITIVE ECONOMIC FORCE IN OUR REGION. FOR MORE DETAILED INFORMATION ON THE SYSTEM'S COMMUNITY BENEFIT OR TO VIEW THE 2023 COMMUNITY BENEFIT REPORT, PLEASE VISIT THE SYSTEM'S WEBSITE AT WWW.UHHOSPITALS.ORG.
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 | $990,125,992 | $878,242,319 | +0.1% |
| Expenses | $986,752,525 | $904,182,328 | +0.1% |
| Net Income | $3,373,467 | $-25,940,009 | -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 |
|---|---|---|---|---|---|---|
| ADELMAN JOEL E | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANTON ARTHUR F | DIRECTOR/CHAIR (END 05/23) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTONUCCI JOHN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BAUM ROBIN I | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BEER ANNE | DIRECTOR EX OFFICIO | 2.00 |
Director
|
$0 | $0 | $0 |
| CARESTIO DANIEL A | DIRECTOR (BEGIN 06/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| CONNELL MICHELE L | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DECKARD JENNIFER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DELLA RATTA RALPH | DIRECTOR (END 05/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| GORMAN CHRISTOPHER M | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HABER IRWIN G | DIRECTOR EX OFFICIO | 2.00 |
Director
|
$0 | $0 | $0 |
| HANNA IV HOWARD HOBY W | DIRECTOR (BEGIN 06/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| HARGAN ERIC D | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HASLAM DEE | DIRECTOR/VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HELLER DAVID J | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JAROS CAREY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JONES HAROLD V | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KELSHEIMER JERRY L | DIRECTOR/VICE CHAIR (BEGIN 06/23) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LACEY WILLIAM | DIRECTOR (END 05/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| MAINARDI CESARE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MEGERIAN CLIFF MD | DIRECTOR EX OFFICIO/CEO | 50.00 |
Officer
Director
|
$2,767,975 | $58,510 | $2,826,485 |
| MIGGINS LYNN | DIRECTOR EX OFFICIO | 2.00 |
Director
|
$0 | $0 | $0 |
| MORIKIS JOHN G | DIRECTOR/VICE CHAIR(END 5/23)/CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PANDRANGI VASU MD | DIRECTOR EX OFFICIO | 2.00 |
Director
|
$0 | $0 | $0 |
| PETZ HEIDI G | DIRECTOR (BEGIN 06/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| POTASH STEVEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD RONALD B | DIRECTOR (BEGIN 06/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| SABIK JOSEPH MD | DIRECTOR | 2.00 |
Director
|
$0 | $62,078 | $1,432,338 |
| SETHI NEIL MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SMITH ROBERT C | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TALTON SHEILA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TAYLOR EDDIE JR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| YOUNG WILLIAM A JR | DIRECTOR EX OFFICIO | 2.00 |
Director
|
$0 | $0 | $0 |
| ADELMAN HARLIN G ESQ | CHIEF LEGAL OFFICER/SECRETARY | 50.00 |
Officer
|
$985,590 | $68,883 | $1,054,473 |
| HEREFORD MICHELLE | CHIEF NURSING OFFICER | 50.00 |
Officer
|
$640,179 | $36,969 | $677,148 |
| HINCHEY PAUL R | CHIEF OPERATING OFFICER | 50.00 |
Officer
|
$1,205,419 | $50,588 | $1,256,007 |
| PRONOVOST PETER MD | CHIEF QUALITY OFFICER | 50.00 |
Officer
|
$1,033,909 | $24,833 | $1,058,742 |
| PULLIAM LAVONNE | CHIEF COMPLIANCE OFFICER | 50.00 |
Officer
|
$359,821 | $47,593 | $407,414 |
| SIMON DANIEL I MD | CHIEF SCIENTIFIC OFFICER | 50.00 |
Officer
|
$1,456,439 | $54,017 | $1,510,456 |
| SNOWBERGER THOMAS D | CHIEF ADMINISTRATIVE OFFICER | 50.00 |
Officer
|
$1,101,664 | $43,005 | $1,144,669 |
| SYLVAN DAVID | CHIEF STRATEGY OFFICER (BEGIN 05/23) | 50.00 |
Officer
|
$492,458 | $19,575 | $512,033 |
| SZUBSKI MICHAEL A | CHIEF FINANCIAL OFFICER/TREASURER | 50.00 |
Officer
|
$1,424,647 | $311,467 | $1,736,114 |
| TAIT PAUL G | CHIEF STRATEGY OFFICER (END 09/23) | 50.00 |
Officer
|
$1,565,275 | $36,557 | $1,601,832 |
| KEEGAN ARTHUR E | CHIEF MARKETING OFFICER | 50.00 |
Key Emp
|
$595,888 | $50,555 | $646,443 |
| BISHOP SHERRI L | CHIEF DEVELOPMENT OFFICER | 50.00 |
Key Emp
|
$790,860 | $67,659 | $858,519 |
| STAMLER JONATHAN | PRESIDENT HDI | 50.00 |
Highest
|
$1,531,130 | $45,330 | $1,576,460 |
| TEKNOS THEODOROS N | PRESIDENT SIEDMAN CANCER CENTER | 50.00 |
Highest
|
$1,436,176 | $55,543 | $1,491,719 |
| SHISHEHBOR MEHDI | PRESIDENT UH HARRINGTON HEART | 50.00 |
Highest
|
$959,393 | $60,302 | $1,019,695 |
| SASSER SCOTT M | PRESIDENT - UHMG AND UHPS | 50.00 |
Highest
|
$924,530 | $60,771 | $985,301 |
| PAPA ALAN J | COO, UH EAST MARKET | 50.00 |
Highest
|
$874,387 | $46,147 | $920,534 |
| MILLER JANET L ESQ | FORMER OFFICER | 0.00 |
|
$190,376 | $0 | $190,376 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $990,125,992 | $986,752,525 | $5,988,003,356 | $3,373,467 |
| 2022 | $878,242,319 | $904,182,328 | $5,635,764,872 | $-25,940,009 |
| 2021 | $960,105,000 | $842,363,000 | $6,082,138,000 | $117,742,000 |
| 2020 | $765,170,000 | $777,848,000 | $5,291,459,000 | $-12,678,000 |
| 2019 | $700,518,000 | $812,977,000 | $4,606,270,000 | $-112,459,000 |
| 2018 | $604,620,000 | $676,694,000 | $4,379,025,000 | $-72,074,000 |
Compare UNIVERSITY HOSPITALS HEALTH SYSTEM INC with other nonprofits in Ohio and across the country.