Miami, FL
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Sign In — Free (10 views/day)SOUTH MIAMI HOSPITAL INC, founded in 1959, is a major nonprofit in the Health Care sector that reported $941.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $802.0M left a modest 15% surplus.
AS PART OF THE BAPTIST HEALTH NETWORK, THE MISSION OF SOUTH MIAMI HOSPITAL IS TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, AND TO PROMOTE THE SANCTITY AND PRESERVATION OF LIFE, IN THE COMMUNITIES WE SERVE. BAPTIST HEALTH IS A FAITH-BASED ORGANIZATION GUIDED BY THE SPIRIT OF JESUS CHRIST AND THE JUDEO-CHRISTIAN ETHIC. WE ARE COMMITTED TO MAINTAINING THE HIGHEST STANDARDS OF CLINICAL AND SERVICE EXCELLENCE, ENHANCED THROUGH TEACHING, RESEARCH AND INNOVATION, AND ROOTED IN THE UTMOST INTEGRITY AND MORAL PRACTICE. CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, COMPASSIONATE HEALTHCARE SERVICES TO ALL, REGARDLESS OF RELIGION, CREED, RACE OR NATIONAL ORIGIN, INCLUDING, AS PERMITTED BY ITS RESOURCES, CHARITY CARE TO THOSE IN NEED.
CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, AND COMPASSIONATE HEALTHCARE SERVICES TO ALL, INCLUDING, AS PERMITTED BY OUR...
CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, AND COMPASSIONATE HEALTHCARE SERVICES TO ALL, INCLUDING, AS PERMITTED BY OUR RESOURCES, CHARITY CARE TO THOSE IN NEED. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, BAPTIST HEALTH PROVIDED PATIENT SERVICES TO THE SOUTH FLORIDA AREA WITH 105,508 ADULT ADMISSIONS, 554,489 PATIENT DAYS, AND 537,712 EMERGENCY ROOM VISITS. DURING THAT SAME TIME PERIOD, URGENT CARE VISITS TOTALED 369,145, OUTPATIENT SURGERY CASES TOTALED 130,491, AND TOTAL OUTPATIENT VISITS WERE 2,110,093 SYSTEM-WIDE. AS OF SEPTEMBER 30, 2024, THE SYSTEM BOASTED 2,894 LICENSED INPATIENT BEDS, INCLUDING 2,709 ACUTE CARE BEDS. OVERALL, IN FY2024, BAPTIST HEALTH PROVIDED MORE THAN $474,000,000 IN COMMUNITY BENEFIT. THIS INCLUDED CHARITY CARE VALUED AT $128,853,162 AS WELL AS $253,887,671 IN MEDICAL SHORTFALL. THE ESTIMATED COST OF PROVIDING CHARITY CARE AND MEDICAL SHORTFALL IS BASED ON RECENT HISTORICAL COST-TO-CHARGE RATIOS FOR CHARITY PATIENTS AND MEDICAID PATIENTS FROM BHSF'S COST ACCOUNTING SYSTEM, APPLIED TO THE CURRENT PERIOD GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CARE TO CHARITY AND MEDICAID PATIENTS. WE ALSO CONTRIBUTED $53,328,827 TO THE INDIGENT CARE FUND AND EXPENDED $6,207,856 FOR EDUCATIONAL PROGRAMS, SCREENINGS, AND DONATIONS. FREE COMMUNITY HEALTH AND WELLNESS PROGRAMS COVERED TOPICS SUCH AS NUTRITION, EXERCISE, DIABETES MANAGEMENT, MENTAL HEALTH, MEDITATION, SELF-CARE, AND MANY MORE. BAPTIST HEALTH ALSO OFFERED COMPLIMENTARY SCREENINGS FOR CHOLESTEROL, BLOOD PRESSURE, GLUCOSE, BODY COMPOSITION, AND WAIST CIRCUMFERENCE. FURTHERING ITS COMMITMENT TO PROVIDING PRIMARY CARE SERVICES TO THOSE IN NEED, BAPTIST HEALTH DONATED $6,708,954 TO NEIGHBORHOOD NOT-FOR-PROFIT CLINICS, including: THE GOOD NEWS CARE CENTER IN FLORIDA CITY, OPEN DOOR HEALTH CENTER AND HOMESTEAD COMMUNITY HEALTH CENTER IN HOMESTEAD, THE GOOD HEALTH CLINIC IN TAVERNIER, THE FLORIDA KEYS AHEC IN THE KEYS, THE CARIDAD CENTER IN BOYNTON BEACH, THE SOUTH MIAMI CHILDREN'S CLINIC IN SOUTH MIAMI, CARING FOR Miami Mobile Dental Clinic, CHAPMAN PARTNERSHIP, AND GOOD SAMARITAN THROUGHOUT THE SOUTH FLORIDA AREA. Baptist Health SPENT $22,784,600 IN ORDER TO PROVIDE CARE TO OUR COMMUNITY MEMBERS IN NEED. ADDITIONALLY, WE PROVIDED $2,751,644 IN PALLIATIVE CARE AND CHAPLAINCY PROGRAMS. BAPTIST HEALTH FULFILLS ITS MISSION TO PROVIDE COMPASSIONATE CARE BY PROVIDING ASSISTANCE TO THOSE IN FINANCIAL NEED AND SUPPORTING SERVICES THAT ARE ESSENTIAL TO THE COMMUNITY. BEYOND THE AFOREMENTIONED HEALTH-RELATED CONTRIBUTIONS, BAPTIST HEALTH ALSO EXERTS A SUBSTANTIAL AND POSITIVE IMPACT ON OUR COMMUNITY. WITH A WORKFORCE EXCEEDING 27,000 INDIVIDUALS, WE STAND AS SOUTH FLORIDA'S LARGEST PRIVATE EMPLOYER. BAPTIST HEALTH IS TAKING A LEADERSHIP ROLE BY COMMITTING TO THE ENVIRONMENTALLY RESPONSIBLE, ENERGY-EFFICIENT DESIGN AND FUNCTION OF OUR FACILITIES. THIS COMMITMENT APPLIES TO OUR DAY-TO-DAY OPERATIONS, FROM THE SUPPLIES WE PURCHASE TO THE VEHICLES WE USE. ALIGNED WITH OUR FAITH-BASED MISSION, BAPTIST HEALTH REMAINS COMMITTED TO MAKING A SIGNIFICANT, POSITIVE IMPACT ON THE COMMUNITIES IT SERVES.
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 | $941,594,577 | $864,983,592 | +0.1% |
| Expenses | $802,008,107 | $747,629,626 | +0.1% |
| Net Income | $139,586,470 | $117,353,966 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| Alysa R Herman MD | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Carlos Lowell | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Domingo C Rodriguez ESQ | Director - End 05/2024 | 2.0 |
Director
|
$0 | $0 | $0 |
| Edward Ruggiero | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Ernie Diaz | Director - Beg 08/2024 | 2.0 |
Director
|
$0 | $0 | $0 |
| George Foyo | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Ian Reiss MD | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| James W Harris | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Jose Abrante Cosio | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Michael F Graham MD | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Rev Dr Marcos A Ramos | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Rev Dr Ryan Reed | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Robert J Shafer JR | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Sats Tripathy | Director | 2.0 |
Director
|
$0 | $0 | $4,326 |
| Valerie Schimel | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Yerby T Barker | Chairman | 2.0 |
Director
|
$0 | $0 | $0 |
| Yvette Aleman | Director | 2.0 |
Director
|
$0 | $0 | $2,913 |
| Edward G Shashaty | VP Finance Hospital Operations | 8.0 |
Officer
|
$0 | $136,725 | $743,190 |
| William M Duquette | CEO | 50.0 |
Officer
|
$0 | $42,430 | $1,296,122 |
| Jeanette Stone | VP of Operations | 50.0 |
Key Emp
|
$502,574 | $25,350 | $527,924 |
| Nancy Pobiones | VP Professional Services | 50.0 |
Key Emp
|
$410,141 | $88,560 | $498,701 |
| Paul Mungo | VP - Nursing | 50.0 |
Key Emp
|
$545,053 | $103,880 | $648,933 |
| Yvonne T Johnson MD | Chief Medical Officer | 50.0 |
Key Emp
|
$576,678 | $134,880 | $711,558 |
| Colleen E Rodriguez | AVP Nursing | 45.0 |
Highest
|
$223,211 | $30,112 | $253,323 |
| Janelle Marie Christian | Director Pharmacy | 45.0 |
Highest
|
$223,688 | $34,996 | $258,684 |
| Lahiris Aguilar Gonzalez | CT Technologist | 45.0 |
Highest
|
$215,093 | $14,145 | $229,238 |
| Leslee Gross | AVP Operations | 45.0 |
Highest
|
$233,688 | $29,968 | $263,656 |
| Nada Wakim | AVP Nursing | 45.0 |
Highest
|
$237,111 | $30,789 | $267,900 |
| Lincoln S Mendez | Former CEO | 0.0 |
|
$0 | $65,724 | $1,388,812 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $941,594,577 | $802,008,107 | $466,214,189 | $139,586,470 |
| 2023 | $864,983,592 | $747,629,626 | $461,946,824 | $117,353,966 |
| 2022 | $816,081,787 | $725,809,735 | $457,129,616 | $90,272,052 |
| 2021 | $763,720,505 | $661,246,745 | $413,367,432 | $102,473,760 |
| 2020 | $633,189,714 | $582,754,573 | $343,374,402 | $50,435,141 |
| 2019 | $674,336,307 | $580,466,204 | $328,157,202 | $93,870,103 |
| 2018 | $608,247,711 | $570,593,251 | $333,955,693 | $37,654,460 |
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