TACOMA, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MULTICARE HEALTH SYSTEM, founded in 1987, is a large national nonprofit in the Health Care sector that reported $4.5B in total revenue in fiscal year 2023.
MULTICARE HEALTH SYSTEM'S MISSION IS PARTNERING FOR HEALING AND A HEALTHY FUTURE.
MULTICARE HEALTH SYSTEM (MHS) IS THE LARGEST COMMUNITY-BASED, LOCALLY GOVERNED HEALTHCARE TAX-EXEMPT ORGANIZATION IN THE STATE OF WASHINGTON. MHS OPERATES NINE COMMUNITY BASED HOSPITALS WITH 1,813...
MULTICARE HEALTH SYSTEM (MHS) IS THE LARGEST COMMUNITY-BASED, LOCALLY GOVERNED HEALTHCARE TAX-EXEMPT ORGANIZATION IN THE STATE OF WASHINGTON. MHS OPERATES NINE COMMUNITY BASED HOSPITALS WITH 1,813 LICENSED ADULT BEDS AND 82 LICENSED PEDIATRIC BEDS. DURING 2023 MHS HOSPITALS ADMITTED 79,951 PATIENTS FOR A TOTAL OF 429,231 PATIENT DAYS, PERFORMED 63,842 SURGERIES AND DELIVERED 9,465 BABIES. THERE WERE 13,400 NEWBORN DAYS DURING 2023. THEY ALSO PROVIDED CARE FOR 487,970 OUTPATIENT VISITS AND 557,920 EMERGENCY ROOM VISITS, OF WHICH 1,540 WERE TRAUMA PATIENTS. IN ADDITION, MHS, THROUGH THE COMMUNITY PARTNERSHIP FUND SUPPORTS ORGANIZATIONS WHOSE WORK IS IMPORTANT TO THE HEALTH OF THE COMMUNITIES IT SERVES IN PUGET SOUND AND EASTERN WA. IN 2023 MHS PROVIDED 104 GRANTS TO COMMUNITY ORGANIZATIONS.
MULTICARE HEALTH SYSTEM OPERATES A SYSTEM OF MULTI-SPECIALTY CLINICS, PRIMARY CARE PHYSICIAN PRACTICES, HIGHLY SPECIALIZED URGENT CARE CENTERS (UCC) ALL OVER THE WA STATE, FROM THE INLAND NORTHWEST...
MULTICARE HEALTH SYSTEM OPERATES A SYSTEM OF MULTI-SPECIALTY CLINICS, PRIMARY CARE PHYSICIAN PRACTICES, HIGHLY SPECIALIZED URGENT CARE CENTERS (UCC) ALL OVER THE WA STATE, FROM THE INLAND NORTHWEST TO THE SOUTH PUGET SOUND. ROCKWOOD CLINIC, LOCATED IN SPOKANE, WA, IS THE LARGEST OUTPATIENT DIAGNOSTIC AND TREATMENT CENTER IN THE EASTERN WA REGION, WITH MULTIPLE LOCATIONS OFFERING PRIMARY CARE, URGENT CARE AND SPECIALTY CARE. IN 2023 THE INDIGO UCC, MULTICARE UCC AND ROCKWOOD CLINICS PROVIDED 546,778 CLINIC VISITS. THE MULTI-SPECIALTY CLINICS PROVIDED 958,696 PHYSICIAN VISITS, OUTPATIENT VISITS OF 210,585, PERFORMED 2,802 SURGERIES, PROCESSED 3,080,331 LABORATORY WORKLOAD UNITS, 137,886 IMAGING RELATIVE UNITS, (SEE SCHEDULE O)(CONTINUATION FROM PAGE 2) 84,239 ONCOLOGY RELATIVE VALUE UNITS, 100,910 RADIATION ONCOLOGY VALUE UNITS AND 4,441 PHARMACY WORKLOAD UNITS. MULTICARE HEALTH SYSTEM OPERATES PRIMARY CARE PHYSICIAN PRACTICES THROUGHOUT PIERCE, SOUTH KING, THURSTON, SPOKANE COUNTIES. THESE PRACTICES PROVIDED 555,449 PATIENT VISITS DURING 2023.THE GIG HARBOR AMBULATORY CENTER PERFORMED SPECIALIST SURGERIES AS FOLLOWS: PEDIATRIC, GENERAL, NEUROLOGIC, VASCULAR, SPINE, ORTHOPEDIC, GENERAL BREAST, PEDIATRIC ORTHOPEDIC, CARDIOTHORACIC, GENERAL BARIATRIC, COLORECTAL, PEDIATRIC NEUROSURGERY.
MULTICARE HEALTH SYSTEM OPERATES OTHER PROGRAMS SUCH AS POPULATION HEALTH, BEHAVIORAL HEALTH, HOME HEALTH SERVICES, HOSPICE, ADULT DAY HEALTH, CANCER INSTITUTE, MEDICAL ACADEMICS AND MANY OTHER...
MULTICARE HEALTH SYSTEM OPERATES OTHER PROGRAMS SUCH AS POPULATION HEALTH, BEHAVIORAL HEALTH, HOME HEALTH SERVICES, HOSPICE, ADULT DAY HEALTH, CANCER INSTITUTE, MEDICAL ACADEMICS AND MANY OTHER. DURING 2023 THE HOME HEALTH AND HOSPICE PROGRAMS PROVIDED 127,493 CLINIC VISITS, 37,275 HOME HEALTH VISITS, AND ADMITTED 2,589 PATIENTS AND 1,611 PATIENTS, RESPECTIVELY. MULTICARE BEHAVIORAL HEALTH SERVICES (BHS) OFFERS A FULL RANGE OF SERVICES AND AN INTEGRATED APPROACH TO WELLNESS. BHS ADMITTED 659 PATIENTS FOR A TOTAL OF 26,339 PATIENT DAYS AND 657 PHARMACY WORKLOAD UNITS. PACIFIC NORTHWEST (PNW) PACE PARTNERS PROVIDES INNOVATIVE CARE FOR SENIORS, IT PROVIDES AN ALTERNATIVE MODEL OF CARE THAT AIMS TO SUPPORT THE HEALTH, SAFETY AND INDEPENDENCE OF VULNERABLE SENIORS WHILE REDUCING THE BURDEN FOR FAMILY CAREGIVERS (SEE SCH O).MULTICARE HOSPICE AND PNW HOSPICE ARE MULTICARE'S LINES OF HEALTHCARE FOR INDIVIDUALS WHO ARE ENTERING THE LAST PHASES OF ANY TERMINAL ILLNESS, INCLUDING CANCER, AIDS, ALZHEIMER'S AND RELATED DEMENTIA ILLNESSES, HEART FAILURE, COPD, END-STAGE DIABETES, ETC. HOSPICE CARE IS NOT DESIGNED FOR CURATIVE TREATMENT FOR ILLNESS, BUT RATHER TO PROVIDE CARE AND SUPPORT TO HELP INDIVIDUALS MANAGE THEIR PAIN AND OTHER SYMPTOMS.
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 | $4,500,119,544 | $4,302,865,545 | +0.0% |
| Expenses | $4,497,628,502 | $4,247,451,115 | +0.1% |
| Net Income | $2,491,042 | $55,414,430 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| SALLY B LEIGHTON | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TARA PERRY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DALE L SOWELL | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JANINE TERRANO | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBIN THOMASHAUER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| FRANK TOMBARI | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEEDRA WALKEY | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN WIBORG | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT YOST | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JOHN FOLSOM | DIRECTOR,PART YEAR | 5.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM ROBERTSON | CEO | 56.00 |
Officer
|
$2,317,053 | $706,000 | $3,023,053 |
| FLORENCE CHANG | PRESIDENT | 56.00 |
Officer
|
$1,989,076 | $540,302 | $2,529,378 |
| JAMES LEE | CFO | 56.00 |
Officer
|
$1,006,827 | $42,551 | $1,049,378 |
| DAVID R O'BRIEN | SRVP,CHIEF PHYS.OFFICER/EX | 60.00 |
Key Emp
|
$1,263,752 | $40,164 | $1,303,916 |
| JUNE ALTARAS | SRVP,CHIEF NURSING ENTREPR | 60.00 |
Key Emp
|
$1,090,492 | $35,117 | $1,125,609 |
| TIMOTHY W LYNCH | SRVP,CLINICAL SERVICES(LAB | 60.00 |
Key Emp
|
$575,374 | $42,637 | $618,011 |
| ALEXANDER M JACKSON | SVP EXEC.INLAND NW | 60.00 |
Key Emp
|
$797,308 | $25,937 | $823,245 |
| JEFFREY POLTAWSKY | PRES. MARY BRIDGE&PEDIATRI | 60.00 |
Key Emp
|
$667,043 | $37,251 | $704,294 |
| TIM HOLMES | SVP BEHAVIORAL HEALTH | 60.00 |
Key Emp
|
$482,901 | $49,027 | $531,928 |
| LEE SANDQUIST MD | PHYSICIAN | 50.00 |
Highest
|
$1,932,872 | $33,772 | $1,966,644 |
| NEHAL MASOOD MD | PHYSICIAN | 50.00 |
Highest
|
$1,801,533 | $46,496 | $1,848,029 |
| DAVID COONS MD | PHYSICIAN | 50.00 |
Highest
|
$1,610,025 | $49,059 | $1,659,084 |
| BENJAMIN Y CHEN MD | PHYSICIAN | 50.00 |
Highest
|
$1,748,800 | $42,703 | $1,791,503 |
| UMESH CHITALEY MD | PHYSICIAN | 50.00 |
Highest
|
$1,642,329 | $34,277 | $1,676,606 |
| JAMES MCMANUS | FORMER CFO | 0.00 |
|
$711,838 | $0 | $711,838 |
| DAVID J CARLSON | SRVP,EXEC SOUTH SOUND,PART | 0.00 |
|
$905,602 | $0 | $905,602 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,500,119,544 | $4,497,628,502 | $6,109,937,704 | $2,491,042 |
| 2022 | $4,302,865,545 | $4,247,451,115 | $5,895,297,278 | $55,414,430 |
| 2021 | $3,884,628,307 | $3,696,619,413 | $5,997,507,394 | $188,008,894 |
| 2020 | $3,352,640,659 | $3,244,135,092 | $5,732,640,112 | $108,505,567 |
| 2019 | $3,239,930,611 | $3,114,891,357 | $4,914,390,204 | $125,039,254 |
| 2018 | $2,930,199,547 | $2,753,453,188 | $4,353,484,139 | $176,746,359 |
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