PARKVIEW HOSPITAL INC

EIN: 350868085 501(c)(3) Health Care

FORT WAYNE, IN

Total Revenue
$1,934,664,467
Total Expenses
$1,835,885,515
Total Assets
$1,062,300,853
Net Assets
$913,531,813
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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IN
Principal Officer
GREG JOHNSON
Phone
2603738429
Tax Period
2023-01-01 to 2023-12-31

PARKVIEW HOSPITAL INC, founded in 1941, is a large national nonprofit in the Health Care sector that reported $1.9B in total revenue in fiscal year 2023. Expenses of $1.8B left a modest 5% surplus.

Mission

PARKVIEW HOSPITAL, INC. WORKS TO IMPROVE THE HEALTH OF OUR COMMUNITIES AND PROVIDES QUALITY HEALTH SERVICES TO ALL WHO ENTRUST THEIR CARE TO US.

Program Service Accomplishments

Program 1
Expenses: $1,537,899,647 Revenue: $1,915,574,030

PARKVIEW HOSPITAL, INC. IS A NOT-FOR-PROFIT, COMMUNITY-BASED HOSPITAL SERVING A NORTHEAST INDIANA AND NORTHWEST OHIO POPULATION OF MORE THAN 1.3 MILLION. PARKVIEW HOSPITAL, INC. CONSISTS OF PARKVIEW...

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PARKVIEW HOSPITAL, INC. IS A NOT-FOR-PROFIT, COMMUNITY-BASED HOSPITAL SERVING A NORTHEAST INDIANA AND NORTHWEST OHIO POPULATION OF MORE THAN 1.3 MILLION. PARKVIEW HOSPITAL, INC. CONSISTS OF PARKVIEW REGIONAL MEDICAL CENTER, PARKVIEW HOSPITAL RANDALLIA AND PARKVIEW BEHAVIORAL HEALTH INSTITUTE), LOCATED IN FORT WAYNE, INDIANA. PARKVIEW HOSPITAL, INC. IS HOME TO A VERIFIED LEVEL II ADULT AND PEDIATRIC TRAUMA CENTER IN ADDITION TO THE SAMARITAN MEDICAL FLIGHT AND GROUND TRANSPORT SERVICES, AND A FULL-SERVICE, 24-HOUR EMERGENCY DEPARTMENT. (SEE SCHEDULE O FOR CONTINUATION)FEATURED SERVICES:LOCATED ON THE NORTH SIDE OF FORT WAYNE, INDIANA, PARKVIEW REGIONAL MEDICAL CENTER (PRMC) IS A 587-BED REGIONAL TERTIARY REFERRAL CENTER DEDICATED TO BUILDING A HEALTHIER COMMUNITY. MORE THAN A HOSPITAL, PRMC IS AN ENTIRE CAMPUS DEVOTED TO THE HEALTH AND WELL-BEING OF ITS SURROUNDING COMMUNITIES. FEATURED SERVICES OF THE PRMC CAN BE FOUND ON CAMPUS AT THE PARKVIEW PACKNETT FAMILY CANCER INSTITUTE, PARKVIEW HEART INSTITUTE AND THE PARKVIEW WOMEN'S & CHILDREN'S HOSPITAL.PARKVIEW PACKNETT FAMILY CANCER INSTITUTE IS A STATE-OF-THE-ART FACILITY WHICH INCORPORATES A HEALING ENVIRONMENT THROUGH THE USE OF NATURAL LIGHTING, PRIVATE SPACES FOR FAMILIES, RESPITE ROOMS AND MORE. THIS PHYSICIAN-LED FACILITY USES AN ENHANCED NURSE NAVIGATOR SYSTEM THAT ALLOWS FOR COORDINATED CARE THROUGHOUT A PATIENT'S CANCER JOURNEY. THE INSTITUTE OFFERS INFUSION, RADIATION ONCOLOGY AND OTHER OUTPATIENT SERVICES, SUCH AS THE REGION'S ONLY CYBERKNIFE TECHNOLOGY THAT DESTROYS TUMORS IN DIFFICULT-TO-REACH AREAS.PARKVIEW HEART INSTITUTE (PHI), THE REGION'S ONLY DEDICATED HEART HOSPITAL AND AN AFFILIATE OF CLEVELAND CLINIC'S HEART, VASCULAR AND THORACIC INSTITUTE, IS DEDICATED TO THE PREVENTION, AWARENESS, DETECTION AND TREATMENT OF HEART DISEASE. PHYSICIANS, ADVANCED-PRACTICE PROVIDERS, NURSES AND CO-WORKERS WITHIN THE FACILITY DELIVER SPECIALIZED CARDIAC INTENSIVE CARE, ACUTE CARE AND SUPPORT ACCREDITED PROGRAMS SUCH AS HEART FAILURE, AFIB AND ELECTROPHYSIOLOGY. PHI OFFERS SIXTEEN OUTPATIENT SPECIALTY CLINICS TO SUPPORT PATIENTS WITH STANDARDIZED, PROTOCOL DRIVEN CARE BY A COLLABORATIVE TEAM DEDICATED TO TREATING THEIR CONDITION.PARKVIEW WOMEN'S & CHILDREN'S HOSPITAL INCLUDES A NEWLY RENOVATED 40-BED FAMILY BIRTHING CENTER THAT CONSISTS OF 16 LABOR AND DELIVERY ROOMS, FOUR TRIAGE BAYS, TWO OPERATING ROOMS, 24 POST-PARTUM ROOMS, AND A BRAND NEW 8-BED NEWBORN NURSERY. FOR OUR LITTLEST PATIENTS WHO NEED EXTRA CARE, OUR NEONATAL ICU HAS ALSO BEEN RECENTLY RENOVATED AND EXPANDED TO A TOTAL OF 45 BEDS (35 PRIVATE ROOMS AND 10 CONTINUOUS CARE BAYS). THE PEDIATRIC UNIT HAS 27 PRIVATE ROOMS TO MAKE THE STAY FOR YOUNG PATIENTS AS COMFORTING AS POSSIBLE.WITHIN THE HEART OF FORT WAYNE, INDIANA RESIDES PARKVIEW RANDALLIA HOSPITAL, A 225-BED COMMUNITY HOSPITAL SERVING AREA RESIDENTS AT ITS CURRENT LOCATION SINCE 1953. PARKVIEW RANDALLIA HOSPITAL CONTINUES TO BE A FULL-SERVICE CENTER OF HEALTHCARE ACTIVITY AND EXCELLENCE, DEDICATED TO PROVIDING EXCEPTIONAL SERVICE WITH KINDNESS AND CONCERN FOR EVERY INDIVIDUAL SITUATION. THIS FACILITY FEATURES A FAMILY BIRTHING CENTER, PARKVIEW CENTER FOR WOUND HEALING, SLEEP DISORDERS CENTER AND THE PARKVIEW REHABILITATION CENTER.FINANCIAL ASSISTANCE:PARKVIEW HOSPITAL, INC. IS COMMITTED TO MAKING HEALTHCARE ACCESSIBLE TO THOSE WHO NEED IT, REGARDLESS OF THEIR HEALTH STATUS OR ABILITY TO PAY. WITH OUR FINANCIAL ASSISTANCE, PATIENTS CAN RECEIVE THE PARKVIEW CARE THEY EXPECT - NO MATTER WHAT MEDICAL OBSTACLES THEY MIGHT FACE. OUR FINANCIAL ASSISTANCE SERVICES INCLUDE: 1) USING FAIR AND CONSISTENT BILLING AND COLLECTION PRACTICES, INCLUDING CHARITABLE CARE AND FINANCIAL ASSISTANCE POLICIES AND A STANDARD APPLICATION PROCESS; 2) PROVIDING EXTENDED PAYMENT PLAN OPTIONS; AND 3) PROVIDING EMERGENCY CARE, REGARDLESS OF ABILITY TO PAY.COMMUNITY BENEFIT: PARKVIEW HOSPITAL, INC.'S COMMITMENT TO IMPROVING HEALTH AND INSPIRING WELL-BEING EXTENDS BEYOND THE HOSPITAL WALLS AND THROUGHOUT NORTHEAST INDIANA. THROUGH PARKVIEW'S COMMUNITY HEALTH IMPROVEMENT (CHI) PROGRAM, PARKVIEW HOSPITAL, INC. COLLABORATES WITH OTHERS INSIDE AND OUTSIDE THE HEALTH SYSTEM WHO SHARE PARKVIEW'S MISSION AND VALUES. FUNDED BY A PERCENTAGE OF PARKVIEW'S NET OPERATING SURPLUS, CHI STRATEGICALLY REINVESTS DOLLARS INTO COMMUNITY ORGANIZATIONS AND INITIATIVES THAT ADDRESS THE GREATEST HEALTH NEEDS OUTLINED BY THE HOSPITAL'S MOST RECENT TRIENNIAL COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA). BASED ON THE 2022 CHNA RESULTS, THE TOP THREE HEALTH CONCERNS FOR PARKVIEW HOSPITAL, INC. ARE MENTAL HEALTH, OBESITY AND MATERNAL & CHILD HEALTH. BASED UPON THESE RESULTS, PARKVIEW HOSPITAL, INC. CREATES AN IMPLEMENTATION STRATEGY THAT SERVES AS AN IN-DEPTH PLAN DEFINING HOW WE PLAN TO ADDRESS EACH IDENTIFIED HEALTH NEED. AWARDS/RECOGNITION: PARKVIEW HOSPITAL INC. RECEIVED THE FOLLOWING AWARDS AND RECOGNITIONS IN 2023: -LEAPFROG HOSPITAL SAFETY GRADE: FALL A- INDIANA HOSPITAL ASSOCIATION CATEGORY OF EXCELLENCE -BECKER'S TOP RECOMMENDED HOSPITALS - PARKVIEW BEHAVIORAL HEALTH INSTITUTE RECEIVED THE 2023 PRESS GANEY HUMAN EXPERIENCE AWARD, WINNING THE NDNQI AWARD FOR OUTSTANDING NURSING QUALITY - PSYCHIATRIC HOSPITAL.- PRMC RECEIVED THE E-QUAL HONOR ROLL AWARD BY THE AMERICAN COLLEGE OF EMERGENCY PHYSICIANS FOR THEIR IMPROVEMENT IN EMERGENCY CARE RELATED TO OPIOID USE DISORDER TREATMENT.- ALL PARKVIEW HOSPITALS WITH A FAMILY BIRTHING CENTER IN INDIANA WERE RECOGNIZED IN THE INDIANA HOSPITAL ASSOCIATION'S FOURTH ANNUAL INSPIRE HOSPITAL OF DISTINCTION PROGRAM. PRMC WAS RECOGNIZED IN THE CATEGORY OF EXCELLENCE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,923,130
Program Service Revenue $1,910,992,676
Investment Income $-56,336
Other Revenue $17,804,997
TOTAL REVENUE $1,934,664,467

Expense Breakdown

Grants Paid $1,142,916
Salaries & Benefits $538,401,511
Fundraising Expenses $0
Program Expenses $1,537,899,647
Other Expenses $1,296,341,088
TOTAL EXPENSES $1,835,885,515

Year-over-Year Comparison

2023 2022 Change
Revenue $1,934,664,467 $1,891,515,739 +0.0%
Expenses $1,835,885,515 $1,754,712,663 +0.0%
Net Income $98,778,952 $136,803,076 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
9
Employees
7599
Volunteers
333

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$4,305,675
Total Directors
17
$4,462,728
Key Employees
8
$3,063,639
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG JOHNSON DIRECTOR/REGIONAL MARKET PRESIDENT 1.00
Officer Director
$0 $189,006 $1,077,497
SATISH VELAGAPUDI DIRECTOR/PH PHYSICIAN 1.00
Director
$47,926 $57,546 $739,734
LINDA FRANCIES PVHOS CHIEF NURSING OFFICER 40.00
Director
$409,448 $83,196 $492,644
JOHN BOWEN DIRECTOR/PVHOS PRESIDENT 39.00
Officer Director
$616,722 $142,810 $759,532
PETER CHAILLE DIRECTOR/PH PHYSICIAN 1.00
Director
$0 $74,106 $957,837
ABHIJIT SHUKLA DIRECTOR/PH PHYSICIAN 1.00
Director
$0 $70,274 $382,984
RUSS ABEL DIRECTOR 1.00
Director
$4,500 $0 $4,500
IAN BOYCE DIRECTOR/CHAIR 1.00
Officer Director
$6,500 $0 $8,500
DONOVAN COLEY DIRECTOR 1.00
Director
$4,500 $0 $4,500
MARK DANIEL DIRECTOR 1.00
Director
$3,000 $0 $3,000
JOSEPH JORDAN DIRECTOR 1.00
Director
$4,500 $0 $4,500
THOMAS KIMBROUGH DIRECTOR/SECRETARY 1.00
Officer Director
$4,500 $0 $8,000
TROY LINDER DIRECTOR 1.00
Director
$3,250 $0 $3,250
DAVID MCFADDEN DIRECTOR 1.00
Director
$4,250 $0 $4,250
MARK MICHAEL DIRECTOR/TREASURER 1.00
Officer Director
$4,250 $0 $4,250
RICHARD ROBINSON DIRECTOR/VICE CHAIR 1.00
Officer Director
$4,500 $0 $4,500
JUDY ROY DIRECTOR 1.00
Director
$3,250 $0 $3,250
JEANNE' WICKENS PH CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $277,888 $2,443,396
MICHAEL MIRRO PVHOS CHIEF ACADEM/RESEARCH OFFICER 40.00
Key Emp
$752,870 $139,805 $892,675
GARY ZWIERZYNSKI PVHOS SVP GRADUATE MEDICAL EDUCATION 39.00
Key Emp
$343,888 $24,652 $437,125
JOSIAH WELLS PVHOS VP OPERATIONS 40.00
Key Emp
$278,360 $37,456 $315,816
MARK GILLESPIE PVHOS VP OPERATIONS 40.00
Key Emp
$252,244 $55,767 $308,011
JESSICA MURPHY PVHOS VP SURGICAL SERVICES 40.00
Key Emp
$236,577 $58,397 $294,974
PAULA BOSTWICK PVHOS VP BHI 40.00
Key Emp
$200,021 $56,267 $256,288
GAIL ALTEKRUSE PVHOS VP OPERATIONS 40.00
Key Emp
$241,756 $54,403 $296,159
ERIN GOLDSBERRY PVHOS VP PAT CARE 40.00
Key Emp
$224,478 $38,113 $262,591
PATRICK WOODMAN PVHOS PHYSICIAN 24.00
Highest
$296,087 $22,935 $473,955
SUSAN STEFFY PVHOS CMO GRAD MED EDUCATION 20.00
Highest
$227,836 $78,571 $482,255
JEFFREY BROWN PVHOS PHYSICIAN 40.00
Highest
$284,661 $38,181 $322,842
CHUANYA ZHOA PVHOS SUPERVISOR CERT RAD PHYSICIST 40.00
Highest
$283,423 $38,878 $322,301
SARA BROWN PVHOS ASSOCIATE CMO 40.00
Highest
$261,149 $34,268 $295,417
MICHAEL PACKNETT FORMER OFFICER/RETIRED PH CEO 0.00
$0 $29,253 $5,063,462
MICHAEL YURKANIN FORMER KEY EMPLOYEE/CURRENT PH CMO 5.00
$58,342 $160,006 $802,187
MEGAN SMITH FORMER KEY EMPLOYEE/CURRENT PH SVP 0.00
$0 $134,418 $593,848
CHARLES CLARK FORMER KEY EMPLOYEE/FORMER BHI PRES 0.00
$0 $67,276 $399,950
MARCELINE ROGERS FORMER KEY EMPLOYEE/CURRENT PH SVP 0.00
$0 $117,782 $495,299
MICHAEL GERUE FORMER KEY EMPLOYEE/CURRENT PH SVP 0.00
$0 $142,103 $636,104
MOLLY CAIN FORMER KEY EMPLOYEE/CURRENT PH SVP 0.00
$0 $122,253 $573,405
CHRISTINE HEPLER FORMER KEY EMPLOYEE/CURRENT PH VP 0.00
$0 $59,147 $305,219
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,934,664,467 $1,835,885,515 $1,062,300,853 $98,778,952
2022 $1,891,515,739 $1,754,712,663 $1,055,454,687 $136,803,076
2021 $1,708,821,390 $1,565,497,477 $1,071,562,635 $143,323,913
2020 $1,477,881,342 $1,372,628,237 $1,033,692,957 $105,253,105
2019 $1,386,142,297 $1,241,470,700 $983,318,582 $144,671,597
2019 $1,386,142,297 $1,241,470,700 $983,318,582 $144,671,597
2018 $1,218,383,950 $1,067,644,701 $921,953,901 $150,739,249
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