NonprofitsSvmc Holdings Inc

Health Care

Svmc Holdings Inc

NEW BRITAIN, CT

Total revenue

$637.9M

Total expenses

$683.7M

Net assets

$55.7M

Grants received

$12.2M

23 grants

EIN

832550272

Tax year

2023

Mission

To improve the health and well-being of all people in the communities we serve.

Programs

3 programs

Hartford HealthCare is Connecticut's most comprehensive healthcare network. Our fully integrated health system includes a tertiary-care teaching hospital, an acute-care community teaching hospital, an acute-care hospital and trauma center, and two community hospitals. The Cancer Institute, headed by a visionary leadership team, offers the same high-quality care you'd get at an academic health system but delivered in convenient community settings. Advanced treatments and services are available in offices and centers across our system all offered by fellowship-trained experts in various types of cancer. These community efforts are enhanced by our membership in the Memorial Sloan Kettering (MSK) Cancer Alliance. This connection offers invaluable access to current research trials that can connect you with the latest medications and treatments for your cancer. Often, you can join research trials from the convenience of your local Cancer Institute site. This distinctive cancer care and clinical research partnership means the Hartford HealthCare Cancer Institute brings the most innovative, evidence-based cancer care from MSK directly into community settings across our state. Previously, patients had to travel to New York to get this level of care.Partnering with MSK has helped Hartford HealthCare expand its research portfolio to include more cancer types than ever before, and to add a Cancer Care Innovation Unit at Hartford Hospital. The unit enables Hartford HealthCare to provide Phase I clinical trials to patients, meaning they have access to the most promising drugs in the development pipeline.We've also drafted standards that guarantee you will receive the same high level of care no matter which location you visit or provider you see. Our community approach to cancer treatment has been recognized nationally. In 2017, the Cancer Institute became one of only a few U.S. systems to earn the American College of Surgeons' Commission on Cancer accreditation. Historically, such approval was only given to individual locations. The Hartford HealthCare Cancer Institute encompasses comprehensive cancer centers at seven hospitals across Connecticut Hartford Hospital, The Hospital of Central Connecticut, Backus Hospital, Midstate Medical Center, Windham Hospital, Charlotte Hungerford Hospital and St Vincent's Medical Center. Collectively, the cancer programs within the Cancer Institute treat about 6,000 new cancer patients per year while caring for tens of thousands of existing patients, offering a full range of innovative, evidence-based and personalized treatments designed to meet the needs of each individual patient. Our innovative Institute approach is unlike any other in the state and is among the most highly regarded in the nation. Through our Institute, which is organized around a specific disease and not necessarily location, we can apply best practices throughout our system so that patients receive the same high standards of care no matter where they live or which Hartford HealthCare cancer center they choose. For all of our patients, a dedicated team of oncologists, surgeons, radiologists, pathologists, nurses, clinical researchers, technicians and others collaborate to provide the exact course of care they need. The Institute's multidisciplinary disease management teams meet and collaborate regularly to lend expertise and insight on numerous cancer types, translating into exceptional coordinated care. The Institute's accomplished, fellowship-trained physicians are nationally recognized for their level of sophisticated care in areas such as radiation oncology, medical oncology and surgical oncology. Patients are also cared for in an environment that emphasizes compassion and personal connections, with a team of trained nurse navigators who provide guidance and support to patients and families, from diagnosis to recovery. The Institute also boasts a thriving survivorship program. In 2017, the Institute was accredited as a network by the American College of Surgeons Commission on Cancer, one of a select few institutes nationwide to be recognized as a system, rather than individual cancer centers. For patients coming through our doors with a cancer diagnosis, that means three things: standardized care, more options and more hope. More than four years after the Hartford HealthCare Cancer Institute became the charter member of the Memorial Sloan Kettering (MSK) Cancer Alliance, cancer patients now have unprecedented access to the world's most advanced clinical trials. And more than ever before, physicians, nurses, pharmacists and researchers are working collaboratively to implement cancer treatment standards and protocols developed at MSK, the premier cancer treatment center in the country. Our programs and outreach efforts continue to support Hartford HealthCare's mission to provide access to high-quality health services and positively impact our communities. We advance HHC's health equity goals through the promotion of cancer prevention, education and screening. We are able to provide critical services to our medically underserved neighbors throughout our state. Our colorectal cancer screening program has grown tremendously in the past year. We screened over 1,100 men and women for colorectal cancer through the use of home FIT kits in 2024 and were able to provide 29 diagnostic colonoscopies at no charge to patients enrolled in the program. We are proud to have developed a comprehensive outreach program spanning the state, attending nearly 150 events and engaging nearly 3,000 community members with cancer screenings and cancer prevention education in 2024. Also in 2024, we provided 133 prostate screenings at community events through our partnership with Quest Diagnostics and Tallwood Men's Health.The HHC Breast and Cervical Early Detection and Prevention Program screened 1,752 individuals for breast and cervical cancer in 2024, detecting 12 breast cancers and six cervical cancers. Since 2015, the program has enabled 118 women to receive early detection of breast cancer and 30 women to receive early detection of cervical cancer. Our patient demographics indicate that nearly all (99.76%) of the participants lack health insurance, and a majority (73%) of the women are Hispanic. These statistics have remained constant over the past two years. Mobile Mammography: Despite the challenges of an aging mobile mammography van, the number of completed mammograms continues to rise, reaching 1,777 in 2024, a 70% increase over the past two years. 60% of the mammograms completed were for women who lacked health insurance.The five most common types of cancer diagnosed by teams of specialists at the Hartford HealthCare Cancer Institute are cancers of the bladder, breast, colon, lung and prostate. Each patient has a unique scenario requiring a personalized plan. For FY24, the approximate number of cases treated were as follows:Hartford Hospital: 2,655Hospital of Central Connecticut: 1,426Backus Hospital: 950Midstate Medical Center: 452Windham Hospital: 42Charlotte Hungerford Hospital: 292St Vincent's Medical Center: 931The five most common types of cancer diagnosed by teams of specialists at the Hartford HealthCare Cancer Institute are cancers of the Breast, Lung, Prostate, Bladder & Colon. Each patient has a unique scenario requiring a personalized plan.Approximately 1,705 Breast Cancer cases were treated across the system as follows:Hartford Hospital: 602Hospital of Central Connecticut: 379Backus Hospital: 277Midstate Medical Center: 140Windham Hospital: 7Charlotte Hungerford Hospital: 73St Vincent's Medical Center: 277Approximately 672 Lung Cancer cases were treated across the system as follows:Hartford Hospital: 279Hospital of Central Connecticut: 150Backus Hospital: 116Midstate Medical Center: 28Windham Hospital: 2Charlotte Hungerford Hospital: 19St Vincent's Medical Center: 78Approximately 927 Prostate Cancer cases were treated across the system as follows:Hartford Hospital: 335Hospital of Central Connecticut: 143Backus Hospital: 144Midstate Medical Center: 83Windham Hospital: 0Charlotte Hungerford Hospital: 53St Vincent's Medical Center: 169Approximately 371 Bladder Cancer cases were treated across the system as follows:Hartford Hospital: 109Hospital of Central Connecticut: 63Backus Hospital: 79Midstate Medical Center: 38 Windham Hospital: 7Charlotte Hungerford Hospital: 34St Vincent's Medical Center: 41Approximately 368 Colon Cancer cases were treated across the system as follows:Hartford Hospital: 134Hospital of Central Connecticut: 50Backus Hospital: 70Midstate Medical Center: 45Windham Hospital: 4Charlotte Hungerford Hospital: 20St Vincent's Medical Center: 45

Expenses: $66.4M

The Connecticut Orthopedic Institute (COI) at St. Vincent's Medical Center proudly maintains an exceptional level of care and an outstanding patient experience. The Institute is staffed by some of the top orthopedic specialists in the region through a partnership with Connecticut Orthopedic Specialists and Comprehensive Orthopedics and Musculoskeletal Care. The surgeons, and their patients, also have access to the best-available robotics-assisted technology, Mako Robotic-Arm Assisted Surgery for knees and hips, and Mazor X Robotic Spine Surgery for the spine. The Mazor X Robotic Spine Surgery makes a procedure less invasive and more precise. For our patients, that means a quick recovery and restored function of your knee, hip, or spine. Conditions treated include but are not limited to: Arthritis; Degenerative Joint Disease, Hand/Repetitive Motion; Hip; Knee; Osteoporosis; Shoulder; and Spine. The Institute is made up of the following departments: Orthopedic Surgery; Mako System; Sports Medicine; and Telerehabilitation.The COI provides the highest quality of care and an outstanding patient experience. We are proud to have been the first in the nation to achieve the Joint Commission's Advanced Certification for Spine Surgery. St. Vincent's Medical Center has been named one of America's Best Hospitals for Orthopedics by the Women's Choice Award, America's trusted referral source for the best in healthcare. The award signifies that St. Vincent's Medical Center is in the top of the 4,542 U.S. hospitals offering orthopedics services.St. Vincent's Medical Center is one of 455 award recipients representing the hospitals that have met the highest standards for orthopedics care in the U.S. by the Women's Choice Award. At the completion of FY24, the Division of Orthopedics had approximately 15,974 cases with an average length of stay of 5.1 days.

Expenses: $56.7M

St. Vincent's Medical Center continues its mission of carrying on the work of the Daughters of Charity and their commitment to serve the sick and poor of Bridgeport. St. Vincent's, with more than 3,500 associates, includes a licensed 520-bed community teaching hospital, a 76-bed inpatient psychiatric facility in Westport, a large multispecialty provider group, and St. Vincent's Special Needs Services. The Medical Center offers a full range of inpatient and outpatient services with regional centers of excellence in cardiology, surgery, cancer care, orthopedics, family birthing, behavioral health, and an array of specialized services.The Elizabeth M. Pfriem SWIM Center for Cancer Care contains all oncology services in one place. These services encompass the full spectrum of cancer care and include community outreach, screening and prevention, diagnostic services, surgical and medical oncology, radiation therapy, interventional oncology, clinical trials, dedicated inpatient and outpatient cancer units, palliative care, pain management, integrative oncology, support services, patient and provider education and survivorship. The Center offers integrative oncology services, including a boutique, spa services, nutrition counseling, social work, financial counseling, a meditation area, support services and a survivorship program.Through funding from the American Rescue Plan Act, the City of Bridgeport, and the Connecticut Health Foundation, St. Vincent's developed and launched a pilot community health worker (CHW) program in 2022. The embedded CHWs use cultural connectedness to the community to promote, maintain and improve the health of underserved residents and their families. In addition, St. Vincent's launched bi-weekly mobile food distribution with CT Foodshare, implemented the Waste Not Want Not food rescue program, added four minority vendors and served more than 300 patients at the annual Medical Mission at Home.In 2022 St. Vincent's, through a collaboration between the Ayer Neuroscience and Connecticut Orthopedic institutes, became one of six hospitals in the country to receive Advanced Certification in Spine Surgery by The Joint Commission. The hospital also saw improved quality reporting scores, including achieving and sustaining a Leapfrog "B and U.S. News high-performing standards in five conditions. St. Vincent's applied to the American Nurses Credentialing Center for recertification of its Magnet designation.

Expenses: $438.6MGrants: $651K

Financials

FY 2023

Revenue

Contributions & grants$5.8M
Program service revenue$637.8M
Investment income$135K
Other revenue
Total revenue$637.9M

Expenses

Grants paid$651K
Salaries & benefits$231.0M
Fundraising$1.4M
Other expenses$452.0M
Total expenses$683.7M
Total assets$372.9M
Net assets$55.7M

People

28 listed

NameRoleCompensation

Carol Birks

Director

Board

2 hrs/wk

Robin Cautin

Director

Board

2 hrs/wk

Peter Cimino MD

Director

Board

2 hrs/wk

George Estrada

Director

Board

2 hrs/wk

Douglass Grabe

Director

Board

2 hrs/wk

Rahul Gupta MD

Director

Board

2 hrs/wk

Debra Liebowitz

Director

Board

2 hrs/wk

Jane Manning

Director

Board

2 hrs/wk

Dara Richards MD

Director

Board

2 hrs/wk

Strick Woods MD

Director

Board

2 hrs/wk

Deacon Patrick Toole

Chair

Board

3 hrs/wk

William Jennings

President/Director

Board

60 hrs/wk

Lucy Teixeira

Vice Chair

Board

3 hrs/wk

Christopher Given

VP

Board

60 hrs/wk

Rina Bakalar

Director

Board

2 hrs/wk

Peter Mumma

VP

Staff

$333K

60 hrs/wk

Irene Brown-Reid

Registered Nurse

Staff

$270K

60 hrs/wk

Maureen Gethings

Dir Perioperative Svcs

Staff

$269K

60 hrs/wk

Karen Kaiser

VP

Staff

$266K

60 hrs/wk

William Hoey

VP (Thru July 2024)

Staff

$266K

60 hrs/wk

Melissa Lanza

Registered Nurse

Staff

$253K

60 hrs/wk

Nicole Loiz

Dir Clinical Operations

Staff

$238K

60 hrs/wk

Manuel Lavoura

Pharmacist

Staff

$214K

60 hrs/wk

Michael Daglio

Former President

Staff

0

Daniel Gottschall MD

VP

Staff

60 hrs/wk

John Rossi

VP

Staff

60 hrs/wk

Teresa Fuller

VP

Staff

60 hrs/wk

Deborah Lee

VP

Staff

60 hrs/wk

Independent contractors

ShiftWise Inc (Formerly Origin Inc)

Staffing Services

$15.3M

Morrison Management Sp Inc Acute Care

Food Services

$5.1M

Shearwater Health Inc

Staffing Services

$4.1M

Berstein-Magoon-Gay LLC

Laundry Services

$2.0M

Integrated Anesthesia Associates LLC

Medical Services

$1.8M

Grants received

Showing 23 of 23

FromAmountPurposeYear
$50K
Medical Mission at Home program
2024
$35K
SCREENING & DIAGNOSTICS
2024
$25K
Health, Medicine & Science
2024
$8K
INTERN EDUCATIONAL EXPENSE
2024
$7K
UNRESTRICTED GENERAL SUPPORT
2024
$1.7M
Support for program and capital expenditures
2023
$101K
UNRESTRICTED GENERAL SUPPORT
2023
$68K
HEALTHIER FOOD FOR ALL
2023
$50K
early project planning activities for Heart Hospital within the Hospital project
2023
$45K
SCREENING & DIAGNOSTICS
2023
$20K
FOR GENERAL SUPPORT
2023
$10K
INTERN EDUCATIONAL EXPENSE
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$8K
Essentials that insurance doesn't cover, like a wig, prosthesis or mastectomy bra. * Help for patients who have found themselves in a financial hardship, providing for important expenses like mortgage payments, car payments, childcare-ensuring that they can focus on their recovery. * Early detection cancer screenings for underinsured and uninsured patients who often have no other means to receive these important screenings. * Peer programs for those in treatment so that they are not alone, ensuring that they can join support groups and be with others waging the same battle. * Programs like yoga, massage therapy, acupuncture, nutrition and wellness counseling for those in treatment and in survivorship with a focus on strengthening each other physically, emotionally and spiritually.
2023
$1.6M
Support for program and capital expenditures
2022
$58K
SCREENING & DIAGNOSTICS
2022
$50K
"Heart Hospital within the Hospital" project.
2022
$50K
THE GRANT WILL SUPPORT THE LOCAL HEALTH DEPARTMENT TO IMPLEMENT A PROJECT THAT UTILIZES COMMUNITY HEALTH WORKERS (CHWS) IN THEIR ORGANIZATIONS COVID-19 RESPONSE EFFORTS, PARTICULARLY IN LOW-INCOME COMMUNITIES OF COLOR. CHWS WILL PROVIDE INFORMATION, SUPPORTS, AND SERVICES TO PREVENT THE SPREAD OF COVID-19 AND TO MITIGATE THE IMPACT OF THE DISEASE IN THE COMMUNITY.
2022
$1.7M
Support for program and capital expenditures
2021
$1.7M
Support for program and capital expenditures
2020

Funded by

$12.2M from 12 funders · 23 grants · 2019–2024

St Vincent's Medical Center Foundation

$11.5M · 5 grants · 2019–2023

The John and Ethel Kashulon Foundation

$150K · 3 grants · 2022–2024

National Breast Cancer Foundation Inc

$138K · 3 grants · 2022–2024

Morgan Stanley Global Impact Funding Trust Inc

$108K · 2 grants · 2023–2024

Wal-Mart Foundation

$68K · 1 grant · 2023

Connecticut Health Foundation Inc

$50K · 1 grant · 2022

Fairfield County's Community Foundation

$30K · 2 grants · 2020–2023

Details

EIN832550272
NTEE codeE20
Subsection03
Ruling date2019-09
Formed2018
Employees2996
Volunteers95
SVMC HOLDINGS INC — Mission, Financials & Grants Received | Grantivo