FREDERICK, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREDERICK HEALTH HOSPITAL INC, founded in 1897, is a major nonprofit in the Health Care sector that reported $408.2M in total revenue in fiscal year 2022.
TO POSITIVELY IMPACT THE WELL-BEING OF EVERY INDIVIDUAL IN OUR COMMUNITY.
IN FY 2023, FREDERICK HEALTH HOSPITAL'S INPATIENT MEDICAL-SURGICAL DEPARTMENTS PROVIDED QUALITY, PATIENT-CENTERED CARE, REGARDLESS OF ABILITY TO PAY, TO APPROXIMATELY 17,573 INPATIENTS AND...
IN FY 2023, FREDERICK HEALTH HOSPITAL'S INPATIENT MEDICAL-SURGICAL DEPARTMENTS PROVIDED QUALITY, PATIENT-CENTERED CARE, REGARDLESS OF ABILITY TO PAY, TO APPROXIMATELY 17,573 INPATIENTS AND OBSERVATION PATIENTS. MAJOR MEDICAL AND SURGICAL SERVICES INCLUDE CARDIOLOGY, CONGESTIVE HEART FAILURE, POST-CARDIAC CATHETERIZATION, CENTER FOR CHEST PAIN, HEMODIALYSIS, PERITONEAL DIALYSIS,NEUROLOGY, NEUROSURGERY, PULMONOLOGY, ONCOLOGY, ORTHOPEDICS, GENERAL MEDICINE AND SURGICAL CARE. INPATIENT CARE IS SUPPORTED BY A TEAM OF BOARD-CERTIFIED PHYSICIAN HOSPITALISTS. IN ADDITION, FHH IS DESIGNATED AS A PRIMARY STROKE CENTER BY THE MARYLAND INSTITUTE OF EMERGENCY MEDICAL SERVICE SYSTEMS (MIEMSS) AND IS RECOGNIZED WITH THE STROKE CENTER GOLD PERFORMANCE AWARD BY THE AMERICAN HEART ASSOCIATION. OUR BARIATRIC SURGICAL PROGRAM IS ACCREDITED BY THE AMERICAN SOCIETY FOR METABOLIC AND BARIATRIC SURGERY AS A BARIATRIC SURGERY CENTER OF EXCELLENCE. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED HERE, FHH INCURRED $58.6 MILLION OF GENERAL AND ADMINISTRATIVE EXPENSES IN MEETING THE HEALTH NEEDS OF OUR PRIMARY SERVICE AREA.
FREDERICK HEALTH HOSPITAL'S PERIOPERATIVE SERVICES PROVIDED HIGH QUALITY CARE TO 7,602 SURGICAL AND ENDOSCOPY PATIENTS IN FISCAL YEAR 2023. PROCEDURES WERE PERFORMED IN OUR STATE OF THE ART FACILITY...
FREDERICK HEALTH HOSPITAL'S PERIOPERATIVE SERVICES PROVIDED HIGH QUALITY CARE TO 7,602 SURGICAL AND ENDOSCOPY PATIENTS IN FISCAL YEAR 2023. PROCEDURES WERE PERFORMED IN OUR STATE OF THE ART FACILITY WHICH INCLUDES A DEDICATED IMAGING ROOM FOR VASCULAR AND OTHER PROCEDURES. WE HAVE PARTICIPATED IN THE SCIP QUALITY IMPROVEMENT PROJECT FOR CONTINUAL IMPROVEMENTS IN CARE FOLLOWING EVIDENCE BASED MEDICINE. WE TRACKED OUR PATIENT SATISFACTION THROUGH PRESS GANEY TO BENCHMARK OUR RESULTS TO THE NATIONAL DATA BASE. IN ADDITION TO THE PROGRAM SERVICES EXPENSE LISTED HERE, FHH INCURRED $58.6 MILLION OF GENERAL AND ADMINISTRATIVE EXPENSES IN MEETING THE HEALTH NEEDS OF OUR PRIMARY SERVICE AREA.
FREDERICK HEALTH HOSPITAL'S CLINICAL LABORATORY PLAYS A VITAL ROLE ACROSS THE ENTIRE CONTINUUM OF HEALTH CARE BOTH WITHIN THE HOSPITAL AND THE COMMUNITY. CLINICAL LABORATORY TESTING HEAVILY IMPACTS...
FREDERICK HEALTH HOSPITAL'S CLINICAL LABORATORY PLAYS A VITAL ROLE ACROSS THE ENTIRE CONTINUUM OF HEALTH CARE BOTH WITHIN THE HOSPITAL AND THE COMMUNITY. CLINICAL LABORATORY TESTING HEAVILY IMPACTS CLINICAL DECISION MAKING BY PROVIDING PHYSICIANS, NURSES AND OTHER HEALTH CARE PROVIDERS WITH IMPORTANT INFORMATION NEEDED FOR THE PREVENTION, DIAGNOSIS, TREATMENT AND MANAGEMENT OF DISEASE. UP TO 85 PERCENT OF DIAGNOSIS AND TREATMENT DECISIONS ARE BASED ON LABORATORY RESULTS. LABORATORY TEST RESULTS COMPRISE ABOUT 70 PERCENT OF THE AVERAGE PATIENT'S MEDICAL RECORD. VIRTUALLY EVERY PRACTICING PHYSICIAN DEPENDS UPON THE CLINICAL LABORATORY FOR THE CARE OF HIS OR HER PATIENT. FREDERICK HEALTH HOSPITAL LABORATORY PERFORMED OVER 1.6 MILLION BILLABLE LABORATORY TESTS. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED HERE, FHH INCURRED $58.6 MILLION OF GENERAL AND ADMINISTRATIVE EXPENSES IN MEETING THE HEALTH NEEDS OF OUR PRIMARY SERVICE AREA.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $408,211,654 | $418,372,433 | 0.0% |
| Expenses | $412,262,165 | $406,031,223 | +0.0% |
| Net Income | $-4,050,511 | $12,341,210 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| THOMAS A KLEINHANZL | PRESIDENT AND CEO | 45.00 |
Officer
Director
|
$1,134,727 | $366,456 | $1,501,183 |
| MICHELLE K MAHAN | SR. VP & CFO THROUGH 8/6/22 | 45.00 |
|
$643,631 | $44,464 | $688,095 |
| CHERYL L CIOFFI | SVP COO | 14.00 |
Key Emp
|
$598,776 | $70,053 | $668,829 |
| MIHIR JANI MD | CHIEF OF STAFF | 1.00 |
Director
|
$0 | $30,273 | $604,543 |
| HANNAH R JACOBS | SR. VP & CFO START 4/4/22 | 45.00 |
Officer
|
$391,111 | $46,751 | $437,862 |
| JAMES B SHERWOOD | VP BUSINESS DEV AND STRATEGY | 40.00 |
Key Emp
|
$392,804 | $23,832 | $416,636 |
| MARY A MCDONALD | MEDICAL DIR HOSPICE | 4.00 |
Highest
|
$344,647 | $29,363 | $374,010 |
| DONALD R SCHILLING | VP AMBULATORY SERVICES | 6.00 |
Key Emp
|
$339,533 | $28,666 | $368,199 |
| KATHY J WEISHAAR | VP MEDICAL AFFAIRS & CMO | 40.00 |
Key Emp
|
$342,289 | $18,670 | $360,959 |
| JACKIE L RICE | VP CHIEF INFORMATION OFFICER | 33.00 |
Key Emp
|
$332,725 | $14,090 | $346,815 |
| CHRISTOPHER M BUMBAUGH | VP HUMAN RESOURCES | 30.00 |
Key Emp
|
$310,612 | $28,704 | $339,316 |
| HEATHER R KIRBY | VP INTEGRATED CARE & CPHO | 36.00 |
Key Emp
|
$311,495 | $24,277 | $335,772 |
| DIANE M MCFARLAND | CHIEF NURSING OFFICER - THROUGH 7/30/23 | 40.00 |
Key Emp
|
$320,606 | $10,413 | $331,019 |
| TAMARA L KILE DO | MEDICAL DIRECTOR | 40.00 |
Highest
|
$291,268 | $30,545 | $321,813 |
| DUSTIN M SIMONSON | CHIEF PHYSICIST SUPV | 40.00 |
Highest
|
$270,488 | $28,971 | $299,459 |
| JAMIE B WHITE | VP QLTY ASSURANCE & CQO | 40.00 |
Key Emp
|
$277,728 | $16,198 | $293,926 |
| JOYCE O BOATENG | REGISTERED NURSE | 40.00 |
Highest
|
$277,758 | $0 | $277,758 |
| HUGUETTE MARIE H AMOND | REGISTERED NURSE | 40.00 |
Highest
|
$267,711 | $0 | $267,711 |
| MICHAEL G MCLANE JR | VP SUPPORT SVCS | 40.00 |
Key Emp
|
$232,050 | $24,352 | $256,402 |
| SHELBY L BOGGS | AVP CLINICAL INT & PAYOR CONTRACTING | 40.00 |
Key Emp
|
$244,412 | $5,357 | $249,769 |
| JAMES C DEVLIN | AVP FINANCE | 40.00 |
Key Emp
|
$211,983 | $27,006 | $238,989 |
| KRISTEN B FLETCHER | VP CHIEF COMPLIANCE OFFICER | 40.00 |
Key Emp
|
$220,355 | $10,976 | $231,331 |
| ROBIN R ROSE | VP DEVELOPMENT | 40.00 |
Key Emp
|
$196,922 | $26,264 | $223,186 |
| BRENT L PURSCELLEY | AVP AMBULATORY SERVICES | 40.00 |
Key Emp
|
$191,485 | $23,975 | $215,460 |
| SHAWN MCCARDELL | AVP REVENUE CYCLE | 40.00 |
Key Emp
|
$153,312 | $23,074 | $176,386 |
| MICHELE GHIM MD | CHIEF OF STAFF | 15.00 |
Director
|
$30,402 | $0 | $30,402 |
| GORDON COOLEY | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NIKKI MOBERLY | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD H OHNMACHT | TREASURER STARTING 09/22 | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALAN D MAWDSLEY | TREASURER THROUGH 09/22 | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARYL BOFFMAN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA HANBERRY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN JOHNSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KARLYS KLINE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE LITTRELL III | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| J FREDERICK MANNING | DIRECTOR THROUGH 09/22 | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY NEWMISTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH PAKENAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES PLAMONDON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA L RAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GERRIT SCHIPPER MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHUCHI SHARMA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREA VAUGHAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARTHUR SAGOSKIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HARRIET BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON LEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE ROLLINS PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $408,211,654 | $412,262,165 | $646,339,373 | $-4,050,511 |
| 2022 | $418,372,433 | $406,031,223 | $635,327,125 | $12,341,210 |
| 2021 | $438,674,869 | $384,509,053 | $696,031,572 | $54,165,816 |
| 2020 | $377,305,258 | $356,761,336 | $636,115,056 | $20,543,922 |
| 2019 | $370,256,261 | $340,223,743 | $521,826,736 | $30,032,518 |
| 2018 | $375,626,346 | $344,428,592 | $571,551,539 | $31,197,754 |
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