NonprofitsTower Health Medical Group

Tower Health Medical Group

WEST READING, PA

Total revenue

$217.6M

Total expenses

$379.5M

Net assets

Grants received

$187K

4 grants

EIN

232266054

Tax year

2023

Mission

The region's premier physician-directed, multispecialty group of health care professionals who participate with tower health in managing population health and promoting wellness, and delivering health care.

Programs

3 programs

Our acute hospitalist program is comprised largely of internal medicine physicians along with physician assistants and nurse practitioners at multiple tower health hospital locations. During fiscal year 2024, tower health medical group's acute hospitalist program provided efficient, high- quality, evidenced-based care through 258,913 visits to our system's hospitalized patients. This program accepts both medicare and medicaid patients.

Expenses: $51.3M

Anesthesiologists and certified registered nurse anesthetists provided medical management and anesthetic care through 50,599 inpatient and outpatient surgical, procedural and labor and delivery cases at reading hospital and three local ambulatory surgery centers in fiscal year 2024. This program accepts both medicare and medicaid patients.

Expenses: $30.9M

Expenses incurred in providing various other healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, or ability to pay. Other physician services include: revenue expense ambulatory specialties 14,364,878 22,556,634 behavioral health sciences 4,243,474 8,073,375 cardiology 18,046,408 30,928,156 emergency 22,054,715 31,154,381 neurosciences 8,506,240 17,443,054 women's healthcare 18,808,504 30,763,603 oncology 582,424 1,190,069 orthopedics 2,810,259 4,648,047 pathology 3,822,965 5,097,124 pediatrics 8,253,472 11,845,874 radiology 17,165,968 21,296,302 support services 5,837,294, 19,390,951 sugical specialists 13,777,270 26,986,928 trauma 3,044,083 7,051,546 other 56,695 8,595

Expenses: $204.2M

Financials

FY 2023

Revenue

Contributions & grants$59K
Program service revenue$211.9M
Investment income
Other revenue$5.6M
Total revenue$217.6M

Expenses

Grants paid
Salaries & benefits$287.5M
Fundraising
Other expenses$92.0M
Total expenses$379.5M
Total assets$42.3M
Net assets

People

24 listed

NameRoleCompensation

KRISTIN KEARNEY

SVP CFO

Board

$494K

52 hrs/wk

THEODORE AUMAN

BOARD MEMBER

Board

2 hrs/wk

JIM BOSCOV

VICE CHAIR

Board

2 hrs/wk

ANGEL HELM

BOARD MEMB T

Board

2 hrs/wk

MARY KARGBO

BOARD MEMBER

Board

2 hrs/wk

BRENT WAGNER MD

BOARD MEMBER

Board

2 hrs/wk

ROBERT BRIGHAM MD

BOARD MEMBER

Board

2 hrs/wk

PETE MOLINARO

BOARD MEMBER

Board

2 hrs/wk

MEG MUELLER

CHAIR

Board

2 hrs/wk

WILLIAM P THORNTON

BOARD MEMBER

Board

2 hrs/wk

DOUG TIEMAN

BOARD MEMBER

Board

2 hrs/wk

MIKE EESLEY

TREASURER 7/

Board

2 hrs/wk

P SUE PERROTTY

CEO TOWER HE

Board

2 hrs/wk

TRACY DRUCKENMILLER

SECRETARY

Board

2 hrs/wk

EARL J HOPE MD

PHYSICIAN

Staff

$1.1M

50 hrs/wk

SHAHIN MANOOCHEHRI MD

PHYSICIAN

Staff

$1.0M

50 hrs/wk

BRANDON ROOT MD

PHYSICIAN

Staff

$1.0M

50 hrs/wk

THOMAS G PSARROS MD

PHYSICIAN

Staff

$1.0M

50 hrs/wk

HERMAN C LAWSON MD

PHYSICIAN

Staff

$936K

50 hrs/wk

THERESA FINK

FORMER SVP C

Staff

$392K

0

SUZANNE WENDEROTH

EVP/CEO PROV

Staff

0

BERNARD BOULANGER MD

EVP/CEO PROV

Staff

25 hrs/wk

ROBERT EHINGER

FORMER TREAS

Staff

0

CLINT MATTHEWS

FORMER PRES/

Staff

0

Independent contractors

UNIV OF PENN MEDICAL GROUP

MED STAFF SERV

$2.3M

HELLMAN HEART LLC

MED STAFF SERV

$689K

TRUSTEES OF THE UNIV OF PENNSYLVANIA

MED STAFF SERV

$390K

SOTOMAYOR MEDICAL PRACTICE

MED STAFF SERV

$262K

JAMES BYERS III

MED STAFF SERV

$259K

Grants received

Showing 4 of 4

FromAmountPurposeYear
$59K
HEALTHCARE SVCS
2023
$12K
HEALTHCARE SVCS
2022
$6K
HEALTHCARE SVCS
2021

Funded by

$187K from 2 funders · 4 grants · 2021–2023

Reading Hospital Foundation

$111K · 1 grant · 2021

Reading Hospital

$76K · 3 grants · 2021–2023

Details

EIN232266054
Subsection03
Ruling date1984-04
Formed1983
Employees2039
Volunteers9
TOWER HEALTH MEDICAL GROUP — Mission, Financials & Grants Received | Grantivo