DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HENRY FORD MACOMB HOSPITAL CORPORATION, founded in 1990, is a major nonprofit in the Health Care sector that reported $645.4M in total revenue in fiscal year 2023.
HENRY FORD HEALTH MACOMB HOSPITAL (HFMH) IS AN AFFILIATE OF HENRY FORD HEALTH SYSTEM DBA HENRY FORD HEALTH ("HF HEALTH") SERVING THE NORTHEASTERN METROPOLITAN DETROIT MICHIGAN COMMUNITIES. AS AN INTEGRATED COMPONENT OF ONE OF THE NATION'S LEADING COMPREHENSIVE, INTEGRATED HEALTH SYSTEMS, IT IS THE MISSION OF HFMH TO IMPROVE HUMAN LIFE THROUGH THE EXCELLENCE OF THE SCIENCE AND ART OF HEALTH CARE AND HEALING. HFMH IS COMMITTED TO PROVIDING HEALTH SERVICES AND IMPROVING THE QUALITY OF LIFE OF THE CITIZENS OF THE COMMUNITIES IT SERVES REGARDLESS OF THEIR FINANCIAL CIRCUMSTANCES. THE ORGANIZATION PROVIDES FINANCING AND HEALTH CARE DELIVERY, INCLUDING ACUTE, SPECIALTY, PRIMARY AND PREVENTATIVE CARE SERVICES BACKED BY EXCELLENCE IN RESEARCH AND EDUCATION.
HENRY FORD HEALTH MACOMB HOSPITAL (HFMH) IS RECOGNIZED FOR ITS EXCELLENCE IN PROVIDING INPATIENT CARE TO THE RESIDENTS OF MACOMB COUNTY MICHIGAN AS WELL AS OTHER COMMUNITIES LOCATED NORTHEAST OF THE...
HENRY FORD HEALTH MACOMB HOSPITAL (HFMH) IS RECOGNIZED FOR ITS EXCELLENCE IN PROVIDING INPATIENT CARE TO THE RESIDENTS OF MACOMB COUNTY MICHIGAN AS WELL AS OTHER COMMUNITIES LOCATED NORTHEAST OF THE CITY OF DETROIT. DURING 2023, HFMH HAD 19,345 DISCHARGES.HFMH PROVIDES COMPREHENSIVE ACUTE AND TERTIARY CARE. SPECIALTY SERVICES INCLUDE A HEART & VASCULAR INSTITUTE, HENRY FORD CANCER INSTITUTE, A WOMEN'S HEALTH CENTER, ALONG WITH A BIRTHING CENTER THAT FEATURES 17 LABOR, DELIVERY, RECOVERY AND POST-PARTUM SUITES. THE HOSPITAL ALSO HAS A 32-BED INPATIENT REHABILITATION PROGRAM, AN AMBULATORY AND MINIMALLY INVASIVE SURGERY CENTER AND LEADING DIAGNOSTIC IMAGING, ALONG WITH ADVANCED TRAUMA CAPABILITIES AND EMERGENCY SERVICES.IN MAY 2023, HENRY FORD HEALTH UNVEILED THE NEW JANET & JIM RIEHL NORTH TOWER AT HENRY FORD MACOMB HOSPITAL, AFTER A DECADE OF PLANNING AND THREE YEARS OF PREPARATION, CONSTRUCTION, AND ANTICIPATION. THE FIVE-STORY, 225,000-SQUARE-FOOT FACILITY FEATURES ALL PRIVATE PATIENT ROOMS AND A STATE-OF-THE-ART HEALING AND WORK ENVIRONMENT. THE NEW TOWER'S 160 PRIVATE PATIENT ROOMS WERE DESIGNED TO MEET DIVERSE PATIENT NEEDS, INCLUDING ROOMS ON EACH FLOOR TO ACCOMMODATE PATIENTS WITH DISABILITIES, PATIENTS OF SIZE, AND PATIENTS WITH UNIQUE NEEDS REQUIRING A MORE SECURE ENVIRONMENT.THE CORONAVIRUS IMPACT WITH AN ESTABLISHED RESEARCH STRUCTURE AND ACCESS TO A DIVERSE PATIENT COMMUNITY, HENRY FORD WAS ABLE TO ACT IMMEDIATELY WHEN THE CORONAVIRUS PANDEMIC STRUCK. HENRY FORD UTILIZED EMERGENCY-USE AUTHORIZATIONS FROM THE FDA TO TREAT AND TRACK COVID-19 PATIENTS, CREATING AND MONITORING DATABASE REGISTRIES TO INFORM FUTURE CLINICAL TREATMENT. HENRY FORD RESEARCHERS INITIATED AND CONTINUE TO LEAD A COLLABORATIVE REGISTRY THAT INCLUDES NEARLY ALL COVID INPATIENTS AND TREATMENT-RELATED OUTCOME DATA FROM DETROIT-AREA HOSPITALS.MEDICAL EDUCATION:HENRY FORD HEALTH MACOMB HOSPITAL HAS AN OSTEOPATHIC GRADUATE MEDICAL EDUCATION PROGRAM, OFFERING ROTATIONS TO RESIDENTS, INTERNS AND THIRD-AND-FOUTH-YEAR MEDICAL STUDENTS.HENRY FORD HEALTH MACOMB HOSPITAL TRAINS OVER 160 MEDICAL STUDENTS AND 165 RESIDENTS IN 8 PROGRAMS.
HFMH PROVIDES OUTPATIENT SERVICES AT MULTIPLE LOCATIONS THROUGHOUT THE NORTH EASTERN METROPOLITAN COMMUNITIES OF DETROIT. IN TOTAL THIS REPRESENTED 767,005 TOTAL OUTPATIENT FACILITY VISITS DURING...
HFMH PROVIDES OUTPATIENT SERVICES AT MULTIPLE LOCATIONS THROUGHOUT THE NORTH EASTERN METROPOLITAN COMMUNITIES OF DETROIT. IN TOTAL THIS REPRESENTED 767,005 TOTAL OUTPATIENT FACILITY VISITS DURING 2023.
HFMH OPERATES A LEVEL II EMERGENCY FACILITY. EMERGENCY SERVICES REPRESENTED 59,818 PATIENT VISITS DURING 2023.
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 | $645,429,554 | $640,577,842 | +0.0% |
| Expenses | $630,454,115 | $631,913,679 | 0.0% |
| Net Income | $14,975,439 | $8,664,163 | +0.7% |
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 |
|---|---|---|---|---|---|---|
| LYNN FORD ALANDT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JACALYN S GOFORTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $25,000 |
| DAVID J BREEN | DIRECTOR-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $50,000 |
| JOHN F HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $30,000 |
| DAVID M HEMPSTEAD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $15,000 |
| PATRICIA A MARYLAND DRPH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES G MCCLURE JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL J PHELAN PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $30,000 |
| BARRY G PORTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $25,000 |
| MICHAEL S RAFFERTY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $30,000 |
| JOSEPH J RICHARDSON JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $35,000 |
| ROBERT G RINEY | DIRECTOR/ PRESIDENT/CEO | 2.00 |
Officer
Director
|
$0 | $57,039 | $4,524,962 |
| FREDERIEK TONEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $35,000 |
| EDGAR L VANN II | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $35,000 |
| JAMES O PEABODY MD | DIRECTOR/PHYSICIAN | 1.00 |
Director
|
$0 | $64,205 | $617,163 |
| GERARDO NORCIA | DIRECTOR (START 12/2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN S DAMSCHRODER | TREASURER | 2.00 |
Officer
|
$0 | $61,913 | $2,468,944 |
| MICHELLE JOHNSON TIDJANI ESQ | SECRETARY (THRU 9/2023) | 2.00 |
Officer
|
$0 | $47,822 | $1,615,611 |
| MARJORIE A STATEN JD | SECRETARY (START 10/2023) | 2.00 |
Officer
|
$0 | $14,695 | $237,931 |
| BARBARA W ROSSMANN | CEO (THRU 6/2023) | 60.00 |
Key Emp
|
$772,428 | $598,641 | $1,371,069 |
| SHANNA JOHNSON | INTERIM CEO (START 7/2023) | 30.00 |
Key Emp
|
$0 | $50,380 | $585,283 |
| DENISE BROOKS-WILLIAMS | CEO- MARKETS | 20.00 |
Key Emp
|
$0 | $47,881 | $1,689,777 |
| TERRY A GOODBALIAN | CFO NORTH MARKET | 60.00 |
Key Emp
|
$0 | $57,362 | $448,949 |
| MICHAEL MARKEL JR RN | VP-OPERATIONS/CNO | 60.00 |
Key Emp
|
$397,693 | $51,266 | $448,959 |
| CHRISTOPHER MILBACK MD | CMO | 60.00 |
Key Emp
|
$549,547 | $42,926 | $592,473 |
| KENNETH A SCOTT DO | PHYSICIAN | 60.00 |
Highest
|
$1,221,860 | $65,218 | $1,287,078 |
| MARK T RYAN DO | PHYSICIAN | 60.00 |
Highest
|
$949,009 | $39,606 | $988,615 |
| PETER P LOPEZ MD | PHYSICIAN | 60.00 |
Highest
|
$898,225 | $54,048 | $952,273 |
| EDDIE EL-YUSSIF DO | PHYSICIAN | 60.00 |
Highest
|
$940,196 | $61,220 | $1,001,416 |
| RAED M ALNAJJAR MD | PHYSICIAN | 60.00 |
Highest
|
$1,648,229 | $63,312 | $1,711,541 |
| WILLIAM A CONWAY MD | FORMER DIRECTOR/PHYSICIAN | 0.00 |
|
$0 | $34,375 | $201,780 |
| KATHLEEN L YAREMCHUK MD | FORMER DIRECTOR/PHYSICIAN | 0.00 |
|
$0 | $58,208 | $1,062,472 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $645,429,554 | $630,454,115 | $633,386,055 | $14,975,439 |
| 2022 | $640,577,842 | $631,913,679 | $468,250,474 | $8,664,163 |
| 2021 | $653,565,323 | $619,127,590 | $546,856,756 | $34,437,733 |
| 2020 | $606,505,384 | $569,103,522 | $541,025,510 | $37,401,862 |
| 2019 | $588,499,400 | $555,949,579 | $410,349,956 | $32,549,821 |
| 2018 | $521,799,694 | $504,479,798 | $365,459,816 | $17,319,896 |
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