Saratoga Springs, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SARATOGA REGIONAL MEDICAL P C, founded in 2014, is a community nonprofit in the Health Care sector that reported $8.8M in total revenue in fiscal year 2019. Revenue surged 281% from the prior year, signaling strong growth momentum.
To serve the people of the Saratoga region by providing them access to excellence in healthcare in a supportive and caring environment.
Saratoga Regional Medical, P.C. (SRM) is organized and operated for the purpose of promoting health by providing medical care to the community served by Saratoga Hospital. In June 2018, SRM began...
Saratoga Regional Medical, P.C. (SRM) is organized and operated for the purpose of promoting health by providing medical care to the community served by Saratoga Hospital. In June 2018, SRM began operating an urgent care site in Queensbury, NY. Adirondack Urgent Care (ADKUC) provides high-quality advanced diagnostic and treatment services through highly-trained, patient-centered medical professionals. ADKUC is open seven days a week from 9AM to 9PM and offers walk-in access to medical care for non-life threatening care needs. During 2019, ADKUC provided 10,606 patient care visits. In September 2018, SRM began providing obstetrics and gynecology services at two sites: Saratoga OB/GYN at Myrtle St. in Saratoga Springs, NY, and Saratoga OB/GYN at Malta in Malta, NY. Providers at these locations work collaboratively with patients on medical, surgical, and preventive care for female reproductive health. Saratoga OB/GYN providers saw nearly 30,000 patient visits for pregnancy and gynecological care during 2019. In June 2019, SRM began operating a Nephrology site in Glens Falls, NY. Saratoga Hospial Medical Group - Nephrology at Glens Falls offers its patients an outstanding team of board-certified physicians, employing the most advanced diagnostic techniques to identify, develop a treatment plan, and manage kidney disease. In 2019, providers at this location saw approximately 1,000 patient visits.
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)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $8,765,103 | $2,301,850 | +2.8% |
| Expenses | $9,339,005 | $3,471,084 | +1.7% |
| Net Income | $-573,902 | $-1,169,234 | -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 |
|---|---|---|---|---|---|---|
| Dr Richard Falivena | President | 2.5 |
Director
|
$0 | $28,394 | $502,053 |
| Jeff Methven | Executive Director/Secretary | 2.5 |
Officer
|
$0 | $35,604 | $382,468 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $8,765,103 | $9,339,005 | $8,508,389 | $-573,902 |
| 2018 | $2,301,850 | $3,471,084 | $4,195,134 | $-1,169,234 |
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