TOLEDO, OH
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Sign In — Free (10 views/day)MERCY MEMORIAL HOSPITAL CORPORATION, founded in 1971, is a major nonprofit in the Health Care sector that reported $164.9M in total revenue in fiscal year 2023.
WE PROVIDE HIGH QUALITY, COMPREHENSIVE SERVICES TO THE PEOPLE AND COMMUNITY WE SERVE.
MERCY MEMORIAL HOSPITAL CORPORATION (D/B/A PROMEDICA MONROE REGIONAL HOSPITAL) IS A MEMBER OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE...
MERCY MEMORIAL HOSPITAL CORPORATION (D/B/A PROMEDICA MONROE REGIONAL HOSPITAL) IS A MEMBER OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN TOLEDO, OHIO, PROMEDICA SERVES 28 STATES ACROSS THE COUNTRY AND IS ONE OF THE NATION'S LEADING HEALTH SYSTEMS. OUR STEWARDSHIP OF RESOURCES HAS ENABLED US TO WISELY INVEST IN PATIENT-CENTERED CARE, ADVANCED TECHNOLOGY, INNOVATIVE PROGRAMS, AND FAMILY-ORIENTED FACILITIES THAT HELP TO ENSURE PATIENTS AND AREA RESIDENTS HAVE EQUAL ACCESS TO HIGH-QUALITY, SAFE CARE IN THE MOST APPROPRIATE SETTING, REGARDLESS OF PATIENTS' ABILITY TO PAY. A 238-BED FACILITY LOCATED IN MONROE, MICHIGAN, PROMEDICA MONROE REGIONAL HOSPITAL (MRH) PROVIDES A BROAD RANGE OF INPATIENT AND OUTPATIENT SERVICES - SUCH AS EMERGENCY MEDICINE; SURGICAL SERVICES; BEHAVIORAL HEALTH CARE; COMPREHENSIVE WOMEN'S HEALTH SERVICES, CARDIOVASCULAR SERVICES; AN ACCREDITED SLEEP MEDICINE CENTER; AND ORTHOPAEDIC SERVICES. AN EXTENSIVE OUTPATIENT CANCER CENTER IS PART OF THE PROMEDICA CANCER INSTITUTE AND PROVIDES RADIATION AND MEDICAL ONCOLOGY SERVICES WHILE THE HOSPITAL'S CANCER CONNECTION OFFERS NON-TREATMENT SERVICES AND SUPPORT TO MONROE COUNTY RESIDENTS RECEIVING CANCER TREATMENTS. IN 2021, THE PROMEDICA HEART INSTITUTE OPENED A HEART FAILURE CLINIC ON THE MRH CAMPUS.STRIVING TO IMPROVE PATIENT CARE AND CLINICAL EXCELLENCE, MRH IS NATIONALLY ACCREDITED BY THE JOINT COMMISSION AND THE AMERICAN COLLEGE OF RADIOLOGY. MRH HAS THE JOINT COMMISSION'S GOLD SEAL OF APPROVAL AND THE AMERICAN STROKE ASSOCIATION'S HEART-CHECK MARK FOR PRIMARY STROKE CERTIFICATION. MRH IS RECOGNIZED BY THE AMERICAN HEART ASSOCIATION GOLD PLUS GET WITH THE GUIDELINES STROKE QUALITY ACHIEVEMENT AWARD FOR ITS COMMITMENT TO ENSURING STROKE PATIENTS RECEIVE THE MOST APPROPRIATE TREATMENT ACCORDING TO NATIONALLY RECOGNIZED, RESEARCH-BASED GUIDELINES. MRH IS ACCREDITED BY THE JOINT COMMISSION FOR MEDICATION COMPOUNDING. MRH SERVED 5,346 INPATIENTS AND 166,913 OUTPATIENTS IN 2023. FURTHER, 35,567 INDIVIDUALS SOUGHT EMERGENCY CARE AT MRH. THE HOSPITAL CONTRIBUTED $41,575,000 IN COMMUNITY BENEFIT THROUGH COMMUNITY BENEFIT EXPENDITURES, FINANCIAL ASSISTANCE AND GOVERNMENT-SPONSORED, MEANS-TESTED HEALTH CARE.THROUGH COMMUNITY HEALTH SERVICES, HEALTH PROFESSIONS EDUCATION, SUBSIDIZED HEALTH SERVICES, RESEARCH ACTIVITIES, CASH AND IN-KIND CONTRIBUTIONS, AND OTHER COMMUNITY BENEFIT OPERATIONS, MRH CONTRIBUTED $6,776,000 TO THE COMMUNITY DURING 2023. INCLUDED IN THIS AMOUNT ARE ACTIVITIES AND PROGRAMS SUCH AS: - CONTINUING THE TEEN PEERS EDUCATING PEERS (PEP) PROGRAM WITH MONROE PUBLIC SCHOOLS TO EMPOWER YOUTH IN PREVENTING BULLYING AND ADDRESS BEHAVIORAL HEALTH NEEDS OF YOUTH. - CONTINUE ITS PARTNERSHIP WITH THE UNITED WAY OF MONROE & LENAWEE COUNTY'S HEALTH CHECK EVENTS PROVIDING IMPROVED ACCESS TO LOW AND NO COST HEALTH SCREENINGS. - IMPLEMENTING A PARTNERSHIP WITH THE MONROE COUNTY OPPORTUNITY PROGRAM TO PROVIDE LIFESTYLE MEDICINE, NUTRITION EDUCATION, AND WALK WITH A DOC SESSIONS AT THE OPPORTUNITY CENTER. - FREE MAMMOGRAM CLINICS THAT PROVIDE BREAST CANCER SCREENINGS FOR INDIVIDUALS BETWEEN THE AGES OF 40 - 64 WHO HAVE NO INSURANCE OR INSURANCE WITH A HIGH DEDUCTIBLE FOR MAMMOGRAMS.- FREE AND LOW-COST HEALTH SCREENINGS FOR UNDERSERVED COMMUNITY MEMBERS- CONTINUED COLLABORATIONS WITH THE BUILDING HEALTHY COMMUNITIES COALITION TO CONDUCT THE COUNTY'S HEALTH ASSESSMENT AND DEVELOP A COMMUNITY HEALTH IMPROVEMENT PLAN. - COMMUNITY PARTNERSHIPS WITH GABBY'S GRIEF CENTER AND RIVER RAISIN NATIONAL BATTLEFIELD PARK VISITOR'S CENTER.MRH PROVIDED A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE TO THE COMMUNITY DURING 2023, OF WHICH $3,770,000 REPRESENTED UNCOMPENSATED AMOUNTS FOR TREATMENT TO THOSE PATIENTS WHO DID NOT HAVE THE FINANCIAL RESOURCES TO PAY FOR HOSPITAL SERVICES. FINANCIAL ASSISTANCE REPRESENTS THE COST TO PROVIDE SERVICE AND DOES NOT INCLUDE THE COSTS FOR ACCOUNTS WRITTEN OFF TO BAD DEBT FOR PATIENTS WHO DO NOT PAY THEIR BILLS. MRH'S COST OF BAD DEBT FOR 2023 WAS $6,212,000. THIS AMOUNT IS NOT INCLUDED IN THE COMMUNITY BENEFIT AMOUNT OF $41,575,000 NOTED ABOVE.FURTHER, MRH PROVIDED $9,382,000 OF COMMUNITY BENEFIT THROUGH COSTS - NOT REIMBURSED BY THE GOVERNMENT - FOR TREATING MEDICAID PATIENTS. ALSO, IN 2023, THE TOTAL COSTS - NOT REIMBURSED BY THE GOVERNMENT - FOR TREATING MEDICARE PATIENTS WAS $1,988,000 AND IS NOT INCLUDED IN THE COMMUNITY BENEFIT AMOUNT OF $41,575,000 NOTED ABOVE. DURING 2023, MRH EXPENDED $43,261,000 IN NET PAYROLL, PROVIDING 753 JOBS. A TOTAL OF $2,648,000 WAS WITHHELD FROM HOSPITAL EMPLOYEES IN STATE AND LOCAL TAXES.IN SUMMARY, MRH DEMONSTRATES PROMEDICA'S MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY HEALTH CARE TO ALL PATIENTS, REGARDLESS OF THEIR RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY, OR AGE. AND, WE RECOGNIZE THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL CARE. THEREFORE, WE PROVIDE THESE HEALTHCARE SERVICES; RECRUIT AND TRAIN HEALTHCARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDE APPROPRIATE FINANCIAL ASSISTANCE; OFFER SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENT FREE EDUCATIONAL CLASSES, HEALTH FAIRS AND OTHER ACTIVITIES TO OUR LOCAL COMMUNITY TO HELP ENSURE ALL MEMBERS HAVE EQUAL ACCESS TO CARE.
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 | $164,898,662 | $165,495,818 | 0.0% |
| Expenses | $172,776,811 | $180,040,177 | 0.0% |
| Net Income | $-7,878,149 | $-14,544,359 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| STEVE SADOWSKI | SECRETARY/CHIEF LEGAL OFFICER | 1.00 |
Officer
Director
|
$0 | $6,028 | $1,413,208 |
| TERRENCE METZGER | TRUSTEE/TREASURER | 1.00 |
Officer
Director
|
$0 | $4,079 | $1,059,169 |
| KEVIN SHARP | TRUSTEE/VICE PRESIDENT | 1.00 |
Director
|
$0 | $4,120 | $513,316 |
| DEE BIALECKI-HAASE MD | TRUSTEE/CMO | 1.00 |
Director
|
$0 | $1,363 | $524,114 |
| KENNETH MCNAMEE MD | TRUSTEE/PHYSICIAN | 1.00 |
Director
|
$0 | $5,858 | $654,349 |
| DARRIN ARQUETTE | TRUSTEE/PRESIDENT | 1.00 |
Director
|
$0 | $5,022 | $365,341 |
| ANTHONY MELONKOS MD | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $10,390 | $384,349 |
| CHRISTI ANSBERG | TRUSTEE/VP PHILANTHROPY | 1.00 |
Director
|
$0 | $0 | $236,562 |
| THOMAS MYERS | TRUSTEE/ASSOCIATE VP, NON CLINICAL | 1.00 |
Director
|
$0 | $2,526 | $118,063 |
| CELESTE BATCHEV MD | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID KUBISKE PE | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| FLORENCE BUCHANAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY A APPLIN | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY REINHOLD DO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| INDERPAL K DEOL | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES PEACE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE EVERLY PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH P MASSERANT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KOJO QUARTEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTIN IRWIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTINE BRENNER | CHAIRMAN - PART YEAR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOUIS ROBICHAUX | TREASURER - PART YEAR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MOLLY LUEMPERT-COY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL C LAMARRE | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN J MCNEW EDD | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE VANISACKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE WETZEL | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY C LAKE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ARTURO POLIZZI | PRESIDENT AND CEO | 1.00 |
Officer
|
$0 | $5,857 | $2,127,450 |
| GARY AKENBERGER | SR VP FINANCE - FORMER | 0.00 |
Officer
|
$0 | $43,532 | $572,179 |
| TODD COSTLOW | PHARMACIST | 45.00 |
Highest
|
$180,628 | $7,106 | $187,734 |
| JENNIFER SELL | DIRECTOR OF PHARMACY | 45.00 |
Highest
|
$168,457 | $1,705 | $170,162 |
| JENNIFER WILSON | SUPERVISOR | 45.00 |
Highest
|
$160,716 | $12,477 | $173,193 |
| CARRIE BLANCHETT | NURSE PRACTIONER | 45.00 |
Highest
|
$145,372 | $1,118 | $146,490 |
| LUKE LARZELERE | PHARMACIST | 45.00 |
Highest
|
$144,243 | $516 | $144,759 |
| STEVEN M CAVANAUGH | TREASURER, CFO - FORMER | 0.00 |
|
$0 | $5,657 | $1,340,837 |
| JEFFREY C KUHN | SECRETARY, CHIEF LEGAL OFFICER - FORMER | 0.00 |
|
$0 | $33,822 | $755,722 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $164,898,662 | $172,776,811 | $92,479,483 | $-7,878,149 |
| 2022 | $165,495,818 | $180,040,177 | $242,625,809 | $-14,544,359 |
| 2021 | $158,446,533 | $165,051,755 | $246,882,136 | $-6,605,222 |
| 2020 | $142,565,708 | $145,607,711 | $252,756,621 | $-3,042,003 |
| 2019 | $136,348,847 | $139,862,515 | $210,299,333 | $-3,513,668 |
| 2018 | $145,123,763 | $142,723,676 | $178,980,740 | $2,400,087 |
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