MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HENNEPIN HEALTHCARE SYSTEM INC, founded in 2007, is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.
HENNEPIN HEALTHCARE SYSTEM'S (HHS) MISSION IS "WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS, AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION AND RESEARCH." HHS STRIVES TO PROVIDE THE BEST POSSIBLE CARE TO EVERY PATIENT; TO SEARCH FOR NEW WAYS TO IMPROVE THE CARE THAT WILL BE PROVIDED TOMORROW; TO EDUCATE HEALTH CARE PROVIDERS FOR THE FUTURE; AND TO ENSURE ACCESS TO HEALTH CARE FOR ALL.
PATIENT CARE:HENNEPIN HEALTHCARE SYSTEM INC, (HEREAFTER HHS) IS A NATIONALLY RECOGNIZED HEALTHCARE SYSTEM THAT INCLUDES A COMPREHENSIVE CLINIC SYSTEM, LEVEL 1 ADULT AND PEDIATRIC TRAUMA CENTER, AND...
PATIENT CARE:HENNEPIN HEALTHCARE SYSTEM INC, (HEREAFTER HHS) IS A NATIONALLY RECOGNIZED HEALTHCARE SYSTEM THAT INCLUDES A COMPREHENSIVE CLINIC SYSTEM, LEVEL 1 ADULT AND PEDIATRIC TRAUMA CENTER, AND MEDICAL CENTER WITH THE LARGEST EMERGENCY DEPARTMENT IN MINNESOTA, EMS SERVICE, AND A NURSE HOME VISITING PROGRAM. HHS IS ALSO RECOGNIZED NATIONALLY FOR LEADERSHIP IN MEDICAL EDUCATION, EMERGENCY PREPAREDNESS, RESEARCH, AND COMPASSIONATE CARE IN MULTIPLE SPECIALTIES. HHS OPERATED A HOSPITAL WITH LICENSED CAPACITY OF 894 BEDS AND 65 BASSINETS, 469 BEDS AND 65 BASSINETS OF WHICH WERE AVAILABLE, AS WELL AS 10 PRIMARY CARE CLINICS AND 34 SPECIALTY CARE CLINICS, AND EMPLOYED APPROXIMATELY 975 PROVIDERS, 247 RESIDENTS, AND 160 PHARMACISTS IN 9 PHARMACY LOCATIONS. HHS IS A MAJOR EMPLOYER AND ECONOMIC ENGINE IN HENNEPIN COUNTY OF MINNESOTA. THE CLINIC AND SPECIALTY CENTER (CSC) OUTPATIENT FACILITY IN DOWNTOWN MINNEAPOLIS REAFFIRMS HENNEPIN HEALTHCARE SYSTEMS INC.'S (HHS) COMMITMENT TO PARTNERING WITH ITS COMMUNITY, PATIENTS, AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH. HHS INVESTS IN TRAINING AND SUPPORTING ITS TEAM MEMBERS TO SERVE THE ENTIRE COMMUNITY IN THE BELIEF THAT EQUITY IS ESSENTIAL FOR OPTIMAL HEALTH OUTCOMES. HHS WORKS TO IMPROVE THE ABILITY OF HISTORICALLY MARGINALIZED AND SOCIOECONOMICALLY DISADVANTAGED PERSONS TO RECEIVE THE RESOURCES NEEDED TO BE AS HEALTHY AS POSSIBLE. HHS PARTNERS WITH THE COMMUNITY, BOTH INTERNAL AND EXTERNAL, TO SUPPORT ACHIEVING THEIR FULLEST HEALTH POTENTIAL BY ACTIVELY ELIMINATING BARRIERS TO ACCESS DUE TO RACISM, OR ANY OTHER CONSEQUENCE OF SOCIAL POSITION OR SOCIALLY INFLUENCED CIRCUMSTANCES EXPERIENCED BY BLACK, INDIGENOUS, AND PEOPLE OF COLOR, AND THOSE WHO ARE ECONOMICALLY DISADVANTAGED, UNINSURED, INDIGENT, AND MEMBERS OF OTHER VULNERABLE POPULATIONS.
EDUCATION & TRAINING: THE CENTER FOR LEARNING INTEGRATION EXCELS IN COORDINATING, DESIGNING, AND INTEGRATING LEARNING THROUGHOUT THE HEALTHCARE SYSTEM WITH THE PRIORITY GOAL TO IMPROVE QUALITY...
EDUCATION & TRAINING: THE CENTER FOR LEARNING INTEGRATION EXCELS IN COORDINATING, DESIGNING, AND INTEGRATING LEARNING THROUGHOUT THE HEALTHCARE SYSTEM WITH THE PRIORITY GOAL TO IMPROVE QUALITY, SAFETY, AND EXPERIENCE OUTCOMES FOR ALL STAKEHOLDERS. HENNEPIN HEALTHCARE SYSTEM, INC. (HHS) ALSO OPERATES THE INTERDISCIPLINARY SIMULATION AND EDUCATION CENTER, A TRAINING CENTER THAT HOSTS EDUCATIONAL PROGRAMS FOR NURSES, PHYSICIANS, PRE-HOSPITAL PROVIDERS, AND OTHER ALLIED HEALTH PROFESSIONALS FROM HHS AND ACROSS THE REGION. IT IS A GUIDED, SAFE ENVIRONMENT FOR HEALTHCARE PROFESSIONALS TO SIMULATE PRACTICE OF REAL-LIFE MEDICAL SITUATIONS AND PROCEDURES VIA STATE-OF-THE-ART SIMULATION EQUIPMENT. HHS EMPHASIZES TRAINING THE FUTURE HEALTHCARE WORKFORCE TO MEET COMMUNITY HEALTH NEEDS. THE ADVANCED PRACTICE PROVIDER PROFESSIONAL CENTER PROVIDES ORGANIZATIONAL STRUCTURE FOR NURSE PRACTITIONERS AND PHYSICIAN ASSISTANTS. HHS COOPERATES WITH METROPOLITAN STATE UNIVERSITY TO PROVIDE THE DENTAL THERAPIST PROGRAM WHICH FOCUSES ON ADVANCED DENTAL THERAPY TRAINING OPPORTUNITIES IN GENERAL AND PEDIATRIC DENTISTRY AS WELL AS ORAL SURGERY. COMMUNITY PHYSICIANS AND OTHER PRACTITIONERS FROM ACROSS MINNESOTA COME TO HHS FOR CONTINUING MEDICAL EDUCATION TRAINING COURSES. HHS ALSO CONDUCTS ON-SITE TRAINING AT THE REQUEST OF RURAL HOSPITALS AND CLINICS AND HAS ESTABLISHED RELATIONSHIPS WITH OTHER DESIGNATED TRAUMA CENTERS AND EMERGENCY DEPARTMENTS ACROSS MINNESOTA. THE HHS EMERGENCY DEPARTMENT MAINTAINS A FREE ONLINE DATABASE OF DIVERSE TEACHING MATERIALS INCLUDING INSTRUCTIONAL VIDEOS, LECTURES, CRITICAL CARE CONFERENCE PRESENTATIONS AND VIDEOS, MEDICAL BLOGS, AND EDUCATIONAL LINKS, ALL UTILIZED BY PRACTITIONERS AROUND THE WORLD.
RESEARCH: RESEARCH FOCUS INCLUDES ADDICTION MEDICINE AND TOBACCO DEPENDENCE TREATMENT, BONE INFECTIONS AND HEALING, CANCER BIOLOGY, CHRONIC KIDNEY DISEASES, COGNITIVE ISSUES IN AGING, DIABETES AND...
RESEARCH: RESEARCH FOCUS INCLUDES ADDICTION MEDICINE AND TOBACCO DEPENDENCE TREATMENT, BONE INFECTIONS AND HEALING, CANCER BIOLOGY, CHRONIC KIDNEY DISEASES, COGNITIVE ISSUES IN AGING, DIABETES AND OBESITY, DISPARITIES IN HEALTH CARE DELIVERY AND OUTCOMES, EMERGENCY MEDICINE, HEART FAILURE, HIV/AIDS, LIVER DISEASE, PEDIATRIC DISEASE PREVENTION, FOOD SECURITY, TRANSPLANT AVAILABILITY AND OUTCOMES, AND TRAUMATIC BRAIN INJURY. THE HENNEPIN HEALTHCARE FOUNDATION CONNECTS THE GENEROSITY OF THE COMMUNITY TO THE MISSION OF HENNEPIN HEALTHCARE SYSTEM, INC.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,709,796,054 | $1,554,670,883 | +0.1% |
| Expenses | $1,719,315,271 | $1,609,599,129 | +0.1% |
| Net Income | $-9,519,217 | $-54,928,246 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| JENNIFER DECUBELLIS MA | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
Director
|
$927,516 | $80,130 | $1,007,646 |
| THOMAS WYATT MD | DIRECTOR/PHYSICIAN (UNTIL 4/24) | 40.00 |
Director
|
$560,366 | $60,396 | $620,762 |
| ARTI PRASAD MD | DIRECTOR/PHYSICIAN | 40.00 |
Director
|
$534,273 | $43,007 | $577,280 |
| TOM KLEMOND MD DIRECTORVP | MEDICAL AFFAIRS (EFF. 6/24) | 40.00 |
Director
|
$280,710 | $57,841 | $338,551 |
| IRENE FERNANDO | DIRECTOR | 2.00 |
Director
|
$0 | $32,749 | $151,301 |
| MARION GREENE | DIRECTOR | 2.00 |
Director
|
$0 | $32,299 | $148,421 |
| BABETTE APLAND | DIRECTOR (UNTIL 9/24) | 2.00 |
Director
|
$0 | $0 | $0 |
| MOHAMED OMAR MBA MS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KATHY TUNHEIM | BOARD CHAIR (UNTIL 10/24) | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNELL BILEK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BROCK NELSON | DIRECTOR (UNTIL 12/24) | 2.00 |
Director
|
$0 | $0 | $0 |
| CRAIG WARREN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MITCHELL DAVIS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CONNIE DELANEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KYLE MAKARIOS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LISA ANDERSON CPA INACTIVE | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$477,460 | $56,539 | $533,999 |
| ANDREW SCHMIDT MD | CMO (INTERIM) (UNTIL 5/24) | 40.00 |
Key Emp
|
$608,539 | $52,155 | $660,694 |
| MEGHAN WALSH MD | CHIEF ACADEMIC AND RESEARCH OFFICER | 40.00 |
Key Emp
|
$475,382 | $64,536 | $539,918 |
| WENDY STULAC-MOTZEL | CHIEF OPERATING OFFICER | 40.00 |
Key Emp
|
$463,458 | $47,711 | $511,169 |
| KAREN STRAUMAN | CHIEF NURSING OFFICER | 40.00 |
Key Emp
|
$403,093 | $47,146 | $450,239 |
| NATHANIEL SCOTT MD | CHIEF CLINICAL OFFICER | 40.00 |
Key Emp
|
$394,455 | $64,536 | $458,991 |
| THERESA PESCH RN | VP PHILANTHROPY HHF PRESIDENT | 2.00 |
Key Emp
|
$431,214 | $62,880 | $494,094 |
| NNEKA SEDERSTROM PHD MPH MA FCC | CHIEF HEALTH EQUITY OFFICER | 40.00 |
Key Emp
|
$357,307 | $64,536 | $421,843 |
| ERIC LING MD | CHIEF MEDICAL OFFICER (EFF. 5/24) | 40.00 |
Key Emp
|
$316,146 | $46,349 | $362,495 |
| ABDIRAHMAN ABDI | CAO (EFF. 6/24) | 40.00 |
Key Emp
|
$216,883 | $36,222 | $253,105 |
| THOMAS BERGMAN MD | PHYSICIAN DIVISION CHAIR | 40.00 |
Highest
|
$1,161,851 | $52,399 | $1,214,250 |
| WALTER GALICICH MD | PHYSICIAN-MANAGING | 40.00 |
Highest
|
$1,049,370 | $58,740 | $1,108,110 |
| XIAO WANG MD | PHYSICIAN-RADIOLOGY DIAGNOSTIC | 40.00 |
Highest
|
$859,776 | $54,152 | $913,928 |
| ASAD IRFANULLAH MD | PHYSICIAN-RADIOLOGY IR | 40.00 |
Highest
|
$845,183 | $60,396 | $905,579 |
| PRATEEK SAHGAL MD | PHYSICIAN-MNG-RADIOLOGY | 40.00 |
Highest
|
$844,942 | $58,740 | $903,682 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,709,796,054 | $1,719,315,271 | $816,695,986 | $-9,519,217 |
| 2023 | $1,554,670,883 | $1,609,599,129 | $764,932,865 | $-54,928,246 |
| 2022 | $1,429,182,475 | $1,457,616,429 | $808,614,378 | $-28,433,954 |
| 2022 | $1,429,182,475 | $1,457,616,429 | $808,614,378 | $-28,433,954 |
| 2021 | $1,359,047,890 | $1,313,741,792 | $832,495,372 | $45,306,098 |
| 2020 | $1,214,727,754 | $1,172,924,796 | $827,542,550 | $41,802,958 |
| 2019 | $1,114,694,494 | $1,130,712,653 | $710,586,782 | $-16,018,159 |
| 2018 | $1,063,176,845 | $1,049,460,841 | $717,064,687 | $13,716,004 |
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