MEDSTAR HEALTH INC

Financial Trends

Organization Details

MEDSTAR HEALTH INC, founded in 1998, is a major nonprofit in the Health Care sector that reported $363.6M in total revenue in fiscal year 2023. The organization ran a surplus of $65.2M, a strong 18% operating margin.

Mission

. MEDSTAR HEALTH, INC. (MEDSTAR HEALTH) IS THE PARENT AND CONTROLLING ENTITY FOR AN $8.3 BILLION, NOT-FOR-PROFIT HEALTH SYSTEM DEDICATED TO CARING FOR PEOPLE IN MARYLAND AND THE WASHINGTON, D.C., REGION (COMPRISING BALTIMORE CITY; 12 COUNTIES IN MARYLAND; THE DISTRICT OF COLUMBIA; AND 12 COUNTIES IN NORTHERN VIRGINIA). THROUGH THE COMBINATION OF ACADEMIC MEDICINE, RESEARCH AND INNOVATION ACROSS A COMPREHENSIVE SPECTRUM OF CLINICAL SERVICES, MEDSTAR HEALTH'S MORE THAN 35,000 ASSOCIATES AND 4,000 AFFILIATED PHYSICIANS SERVE APPROXIMATELY 1,360,000 PATIENTS AND FAMILIES ANNUALLY. THROUGH MEDSTAR HEALTH HOSPITALS, OUTPATIENT FACILITIES, PHYSICIAN PRACTICES AND OTHER HEALTH-RELATED ENTITIES, PATIENTS AND FAMILIES HAVE ACCESS TO A BROAD CONTINUUM OF SERVICES INCLUDING: ACUTE, TRAUMA & SURGERY, ADULT BURN CARE, AMBULATORY & URGENT CARE, CLINICAL RESEARCH & INNOVATION, EMERGENCY SERVICES, HEALTH & WELLNESS SCREENINGS, HOME HEALTH, MANAGED CARE, MEDICAL EDUCATION, MEDICAL TRANSPORTATION, SKILLED NURSING FACILITY & SENIOR LIVING, PALLIATIVE CARE, PHARMACY, PHYSICAL THERAPY & REHABILITATION, PRIMARY, SPECIALTY & SURGICAL CARE, RADIATION & INFUSION THERAPY, AND TELEHEALTH. . AS THE MEDICAL EDUCATION AND CLINICAL PARTNER OF GEORGETOWN UNIVERSITY, MEDSTAR HEALTH HAS ONE OF THE LARGEST MEDICAL EDUCATION PROGRAMS IN THE COUNTRY WITH MORE THAN 1,100 MEDICAL RESIDENTS/FELLOWS AND TRAINS MORE THAN 1,015 NURSING RESIDENTS ANNUALLY. . MEDSTAR HEALTH OFFERS A MULTITUDE OF SPECIALTY SERVICES, LEADING THE MARKET ACROSS ITS STRATEGIC FOCUS AREAS IN HEART & VASCULAR, NEUROSCIENCES, TRANSPLANT, ORTHOPAEDICS, AND GASTROENTEROLOGY. ADDITIONAL SPECIALTY SERVICES INCLUDE PHYSICAL THERAPY & REHABILITATION, WOMEN'S HEALTH, BEHAVIORAL HEALTH, UROLOGY, DERMATOLOGY, DIABETES & ENDOCRINOLOGY, PRIMARY CARE, BARIATRICS, SPORTS MEDICINE, AND PLASTIC SURGERY. . MEDSTAR HEALTH RESEARCH INSTITUTE, THE RESEARCH ARM OF MEDSTAR HEALTH, RANKS IN THE TOP 20% OF RECIPIENTS OF RESEARCH FUNDING FROM THE FEDERAL GOVERNMENT (WITH APPROXIMATELY 1,000 OPEN CLINICAL RESEARCH STUDIES AND MORE THAN $70 MILLION IN EXTERNAL FUNDING), AND PROVIDES SCIENTIFIC, ADMINISTRATIVE AND REGULATORY SUPPORT FOR RESEARCH PROGRAMS THAT COMPLEMENT THE KEY CLINICAL SERVICES AND TEACHING PROGRAMS ACROSS MEDSTAR HEALTH. . IN FISCAL YEAR 2024, MEDSTAR HEALTH HOSPITALS HAD APPROXIMATELY 118,900 INPATIENT ADMISSIONS AND 6.1 MILLION OUTPATIENT VISITS THAT INCLUDED NEARLY 428,300 EMERGENCY DEPARTMENT VISITS. . OPERATING MEDSTAR HEALTH HOME CARE, THE LARGEST PROVIDER OF HOME CARE SERVICES ACROSS MARYLAND, WASHINGTON, D.C., AND NORTHERN VIRGINIA, APPROXIMATELY 315,400 VISITS WERE COMPLETED IN FISCAL YEAR 2024. . MEDSTAR FAMILY CHOICE, THE SYSTEM'S MEDICAID MANAGED CARE COMPANY, ENROLLED APPROXIMATELY 157,000 MEMBERS LIVING IN MARYLAND AND WASHINGTON, D.C., AS OF JUNE 30, 2024. . EXPANDED TELEHEALTH SERVICES, SUCH AS REMOTE PATIENT MONITORING, VIDEO AND PHONE PATIENT VISITS AND E-CONSULTATIONS, CONDUCTING MORE THAN 457,100 TELEHEALTH ENCOUNTERS IN FISCAL YEAR 2024. . AMERICAN NURSES CREDENTIALING CENTER (ANCC) RECOGNIZES MEDSTAR HEALTH HOSPITALS FOR NURSING EXCELLENCE WITH MAGNET AND PATHWAY TO EXCELLENCE DESIGNATIONS: - MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL ACHIEVED MAGNET STATUS FIVE TIMES IN A ROW WITH MEDSTAR FRANKLIN SQUARE MEDICAL CENTER FOLLOWING CLOSELY, ACHIEVING MAGNET STATUS FOUR TIMES IN A ROW. - MEDSTAR HARBOR HOSPITAL, MEDSTAR MONTGOMERY MEDICAL CENTER AND MEDSTAR ST. MARY'S HOSPITAL RECEIVED THEIR FIRST MAGNET DESIGNATION IN 2024. - ONLY 249 OF 6,093 U.S. HOSPITALS HAVE PATHWAY TO EXCELLENCE DESIGNATIONS AND INCLUDE MEDSTAR SOUTHERN MARYLAND HOSPITAL CENTER AND MEDSTAR WASHINGTON HOSPITAL CENTER. MEDSTAR WASHINGTON HOSPITAL CENTER IS THE FIRST ACUTE CARE HOSPITAL IN WASHINGTON, D.C., TO ACHIEVE THIS RECOGNITION.

Program Service Accomplishments

Financial Overview (2023)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data