Hartford HealthCare Medical Group Specialists PLLC

EIN: 371911194 501(c)(3) Mental Health

Wethersfield, CT

Total Revenue
$694,883,442
Total Expenses
$694,576,780
Total Assets
$158,673,961
Net Assets
$49,339,710
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CT
Principal Officer
Mark Prete
Phone
8606966282
Tax Period
2023-10-01 to 2024-09-30

Hartford HealthCare Medical Group Specialists PLLC, founded in 2018, is a major nonprofit in the Mental Health sector that reported $694.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Mission of Hartford HealthCare Medical Group Specialists, PLLC is to put the patients first, provide coordinated quality care and value, exceed the expectations of patients, providers, staff and the community that it serves.

Program Service Accomplishments

Program 1
Expenses: $82,713,441 Revenue: $50,019,508

Cardiology:As of 9/30/2024, the Cardiology practices have 57 Physicians and 39 advanced practitioner full-time equivalents who provide care at Hartford Hospital, Hospital of Central Connecticut...

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Cardiology:As of 9/30/2024, the Cardiology practices have 57 Physicians and 39 advanced practitioner full-time equivalents who provide care at Hartford Hospital, Hospital of Central Connecticut, MidState Medical Center, Windham Community Memorial Hospital, Backus Hospital, Charlotte Hungerford Hospital and St. Vincent's Hospital. The group saw 159,636 patient visits in fiscal year 2024.Hartford HealthCare Medical Group's cardiology and thoracic specialists are dedicated to providing exceptional patient care in the prevention, diagnosis, and treatment and long-term management of heart disease and other cardiovascular conditions. Our specialists provide a wide range of advanced and less-invasive procedures.

Program 2
Expenses: $47,190,393 Revenue: $31,125,808

Urological Surgery:As of 9/30/2024, the Urological Surgery practices have 30 physicians and 15 advanced practitioner full-time equivalents who provide care at Hartford Hospital, MidState Medical...

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Urological Surgery:As of 9/30/2024, the Urological Surgery practices have 30 physicians and 15 advanced practitioner full-time equivalents who provide care at Hartford Hospital, MidState Medical Center, The Hospital of Central Connecticut, Backus Hospital and locations throughout the state of Connecticut. The group is active in teaching medical students and residents through UCONN and Hartford Hospital. The group saw 128,524 patient visits in fiscal year 2024.The division of urology at Hartford HealthCare Medical Group is one of the largest providers in New England of comprehensive resources to diagnose and treat disorders of the male and female urinary systems and male reproductive organs. Our providers have expertise in a wide range of areas that are involved in the diagnosis and treatment, including bladder disease, incontinence and voiding dysfunction, prostate cancer diagnosis, treatment and after-care, post-prostatectomy, female urology and pediatric urology. Minimally invasive surgical options are available, including robotic surgery.

Program 3
Expenses: $37,909,089 Revenue: $19,913,563

Neurosurgery:As of 09/30/2024, the Neurosurgery practices have 20 Physicians and 17 advanced practitioner full-time equivalents who provide care at Hartford Hospital, Hospital of Central Connecticut...

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Neurosurgery:As of 09/30/2024, the Neurosurgery practices have 20 Physicians and 17 advanced practitioner full-time equivalents who provide care at Hartford Hospital, Hospital of Central Connecticut, MidState Medical Center, Backus Hospital and St. Vincent's Medical Center. The group saw 39,903 patient visits in fiscal year 2024 and works in partnership with the Spine Center at Hartford Hospital. Our providers have expertise in the areas of Aneurysm Surgery, Arteriovenous Malformation (AVM), Brain Cancer, Brain Tumors, Complex Spine Surgery, Epilepsy Surgery, Meningioma Surgery, Spine Cancer, Surgery of the Skull Base and Vascular Neurosurgery.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $692,925,835
Investment Income $-463,517
Other Revenue $2,421,124
TOTAL REVENUE $694,883,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $669,875,851
Other Expenses $694,576,780
TOTAL EXPENSES $694,576,780

Year-over-Year Comparison

2023 2022 Change
Revenue $694,883,442 $637,132,371 +0.1%
Expenses $694,576,780 $637,097,140 +0.1%
Net Income $306,662 $35,231 +7.7%
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
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$4,501,792
Total Directors
8
$6,660,241
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Cohen MD Director/ Chair 2.00
Officer Director
$0 $85,698 $1,531,039
Cynthia Heller Director (Thru 01/24) 1.00
Director
$0 $43,222 $594,652
Michael Daglio Director (Thru 04/24) 1.00
Director
$0 $188,591 $1,488,416
Padmanabhan Premkumar MD Director/ Vice Chair 2.00
Officer Director
$0 $128,185 $733,634
Cara Riddle DO Director 1.00
Director
$0 $23,829 $382,846
Ajay Kumar MD Director 1.00
Director
$0 $183,792 $1,360,247
Andrew Carroll VP, Specialty Care Operations 30.00
Director
$0 $56,275 $324,016
Toni Robinson VP, Specialty Care Operations 30.00
Director
$0 $40,860 $245,391
David Baranik VP, Finance 7.00
Officer
$0 $28,244 $455,393
Susan Barrett MD VP, Primary Care Operations 30.00
Officer
$0 $40,110 $543,421
Mark Vye VP, Specialty Care Operations 30.00
Officer
$0 $56,984 $471,867
Carla Nunziante VP, Growth & Acqusitions 30.00
Officer
$0 $67,587 $414,634
Brian Miller VP, Human Resources 30.00
Officer
$0 $26,383 $351,804
Mark Prete Former Dir & President 0.00
$0 $21,952 $379,634
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 $694,883,442 $694,576,780 $158,673,961 $306,662
2023 $637,132,371 $637,097,140 $145,022,109 $35,231
2022 $574,873,964 $574,815,904 $144,280,241 $58,060
2021 $531,551,896 $531,500,591 $118,845,143 $51,305
2020 $310,414,200 $310,425,477 $46,647,687 $-11,277
2019 $75,443,424 $75,438,982 $24,268,252 $4,442
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