Houston, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Memorial Hermann Accountable Care Organization, founded in 2012, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $13.6M exceeded revenue, resulting in a 19% operating deficit.
MEMORIAL HERMANN ACCOUNTABLE CARE ORGANIZATION (MHACO) IS DEDICATED TO PROMOTING SOCIAL WELFARE BY ACHIEVING THE GOALS OF THE THREE-PART AIM OF THE MEDICARE SHARED SAVINGS PROGRAM: LOWER COST, IMPROVED CARE, AND BETTER HEALTH. MHACO SEEKS TO IMPROVE HEALTH CARE FOR INDIVIDUALS BY (1) INVESTING IN THE PRIMARY CARE PHYSICIANS WHO ARE DIRECTLY ACCOUNTABLE FOR THE PATIENT POPULATION, (2) INVESTING IN TECHNOLOGY INNOVATIONS AND HEALTH CARE PROCESSES MANAGEMENT, POPULATION MANAGEMENT, AND HIGH-RISK PATIENT IDENTIFICATION, AND (3) LOWERING THE GROWTH OF EXPENDITURES BY DRIVING HIGH QUALITY, CONSISTENT CARE THROUGH MHACOS NETWORK OF CARE PROVIDERS, HOSPITALS, AND OTHER HEALTHCARE FACILITIES. AS A RESULT, MHACO IS ADVANCING HEALTH AND SOCIAL WELFARE OF THE COMMUNITY BY SEAMLESSLY BRIDGING CARE DELIVERY, PHYSICIANS AND HEALTH SOLUTIONS.
At Memorial Hermann, we believe that healthcare providers should be accountable for the care they deliver. Memorial Hermann Accountable Care Organization (MHACO) is committed to delivering...
At Memorial Hermann, we believe that healthcare providers should be accountable for the care they deliver. Memorial Hermann Accountable Care Organization (MHACO) is committed to delivering high-quality care in a cost-effective manner. In addition to the health system's 17 hospitals, numerous specialty institutes and advanced outpatient facilities, MHACO consists of a network of affiliated physicians that unite independent and employed physicians of every specialty throughout the Houston area in a common commitment to quality and accountability. These physicians practice evidence-based medicine proven to result in better clinical outcomes and shorter hospital stays-as well as cost savings for healthcare consumers. At Memorial Hermann, we're advancing health in our community by seamlessly bridging care delivery, physicians and health solutions. Our hospitals and affiliated physicians utilize information technology and specialized tools to increase care effectiveness and safety while getting patients more engaged in managing their health. Through a process called clinical integration, these healthcare providers share information about patient care with each other. This allows them to deliver care that is more coordinated and therefore, more cost-effective. Each healthcare provider treating a patient receives a more complete picture of that patient's health so physicians and patients can make better, more informed healthcare decisions. In addition to delivering care that leads to shorter hospital stays, MHACO physicians aim to keep patients out of the hospital in the first place. Through the use of preventive medicine and a team-based, proactive approach, MHACO physicians can identify patients at risk of illness before they become ill. For patients with chronic conditions, MHACO offers a full continuum of care that leads to better clinical outcomes and controls healthcare costs. Care Coordination teams focuses efforts on discharge planning and follow-up needs for any patient assigned to the ACO and admitted in a Memorial Hermann hospital as an in-patient. MHACO utilizes data analytics to provide meaningful actionable information to physicians. MHACO's goal is to improve the health of the Greater Houston community through increased access, lower costs, and improved care. According to CMS reports, Memorial Hermann Accountable Care Organization was the top performing MSSP ACO in terms of generated savings for performance years 2013, 2014, 2015, #8 out of 432 in 2016, #11 of 472 in 2017, and #24 of 548 in 2018.
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 | $11,446,170 | $34,024,704 | -0.7% |
| Expenses | $13,586,602 | $35,316,726 | -0.6% |
| Net Income | $-2,140,432 | $-1,292,022 | +0.7% |
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 |
|---|---|---|---|---|---|---|
| David L Callender MD | CEO/President | 1.0 |
Director
|
$0 | $477,530 | $4,017,427 |
| Deborah Gordon | EVP, CAO/CLO | 1.0 |
Officer
|
$0 | $252,924 | $1,870,900 |
| James McCarthy MD | EVP, Chief Physician Executive | 1.0 |
Officer
Director
|
$0 | $250,785 | $1,837,496 |
| Alec King | EVP, CFO | 1.0 |
Officer
|
$0 | $237,433 | $1,625,762 |
| Robert McStay | SVP, Chief Compliance Officer | 1.0 |
Officer
|
$0 | $96,468 | $653,539 |
| J Kevin Giglio MD | SVP, Chief Medical Officer | 1.0 |
Officer
|
$0 | $0 | $167,130 |
| Ira Flax MD | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Grover Jackson | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Ankur Doshi MD | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Roland Garcia Jr | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| John Esquivel | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Deborah Cannon | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Phillip Chang MD | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Chistophe Salcedo MD | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Laura Aronson MD | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Brian Heaps MD | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $11,446,170 | $13,586,602 | $150,795 | $-2,140,432 |
| 2022 | $34,024,704 | $35,316,726 | $5,746,013 | $-1,292,022 |
| 2021 | $48,816,010 | $48,578,012 | $16,265,680 | $237,998 |
| 2019 | $18,322,004 | $18,604,918 | $4,806,304 | $-282,914 |
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