irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $569.19MMEDICAL EDUCATION & RESEARCH MEDICAL EDUCATION MONTEFIORE IS THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE, ONE OF THE NATION'S PREMIER INSTITUTIONS FOR MEDICAL EDUCATION, BASIC RESEARCH AND CLINICAL INVESTIGATIONS. THIS STRONG ALIGNMENT ENABLES MONTEFIORE TO ADVANCE CLINICAL AND TRANSLATIONAL RESEARCH RESULTS MORE RAPIDLY TO THE BEDSIDE AND TO THE MEDICAL COMMUNITY, AND EDUCATE THE NEXT GENERATION OF PHYSICIANS, HEALTHCARE LEADERS AND INVESTIGATORS. IN PLACE ARE EXTENSIVE TRAINING PROGRAMS FOR MEDICAL STUDENTS, RESIDENTS AND FELLOWS. THROUGH THE SECOND-LARGEST MEDICAL RESIDENCY PROGRAM IN THE COUNTRY, MONTEFIORE PROVIDES POSTGRADUATE CLINICAL TRAINING TO MORE THAN 1,250 RESIDENTS ACROSS 89 ACCREDITED RESIDENCY AND FELLOWSHIP PROGRAMS. OUR PROGRESSIVE FOCUS ON COMPREHENSIVE RATHER THAN FRAGMENTED CARE PROVIDES THE IDEAL TRAINING GROUND FOR HEALTHCARE LEADERS OF THE FUTURE. TO REMAIN ON THE CUTTING-EDGE OF TRAINING, WE DEVELOP AND EXPAND PROGRAMS THAT ADVANCE TEAMWORK, COMMUNICATION AND DECISION-MAKING PROVIDING THE DOCTORS OF TOMORROW A UNIQUE OPPORTUNITY FOR EDUCATION AND TRAINING IN ONE OF THE MOST DIVERSE URBAN AREAS IN THE COUNTRY CARING FOR A GLOBAL POPULATION WHERE THE DISEASE BURDEN IS HIGH AND THE NEED FOR QUALITY CARE IS GREAT. THESE PROGRAMS, COUPLED WITH MONTEFIORE'S MISSION AND VISION DRAW RESIDENTS FROM TOP MEDICAL SCHOOLS WHO ARE PARTICULARLY COMMITTED TO INCREASING ACCESS TO EXCELLENT CARE IN UNDERSERVED POPULATION. MONTEFIORE IS DEDICATED TO CULTIVATING ETHICAL AND PROFESSIONAL DEVELOPMENT OF ALL OF ITS TRAINEES. MONTEFIORE'S PHYSICIANS ARE AT THE FOREFRONT OF THEIR FIELDS, ACTIVELY MENTORING AND CULTIVATING A NEW GENERATION OF PHYSICIANS AND SCIENTISTS COMMITTED TO OUR MISSION AND VALUES OF ADVANCING THE FRONT LINE OF HEALTH AND LEADING THE WAY IN TWENTY-FIRST CENTURY MEDICINE AND PATIENT CARE. MONTEFIORE TRAINING EXPERIENCE CLINICALLY ADVANCED AND GROUNDED IN OUR ORGANIZATIONAL VALUES OF HUMANITY, INNOVATION, TEAMWORK AND EQUITY - EXTENDS TO ALL DISCIPLINES. ON AN AVERAGE OVER 1,750 UNDERGRADUATE AND GRADUATE NURSING STAFF TRAIN AT MONTEFIORE AS DID HUNDREDS OF SOCIAL WORKERS, NUTRITIONISTS AND PHARMACISTS. MONTEFIORE TRAINING ALSO EXTENDS BEYOND THE GRADUATE LEVEL. THE CENTER FOR CONTINUING MEDICAL EDUCATION (CCME) AT MONTEFIORE MEDICAL CENTER AND ALBERT EINSTEIN COLLEGE OF MEDICINE, FOUNDED IN 1976, IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME). THE CENTER HAS PROVIDED HUNDREDS OF CME ACTIVITIES AND CME CREDITS TO THOUSANDS OF PRACTITIONERS. RECOGNIZING THE VITAL IMPORTANCE OF DEVELOPING AND EMBRACING INNOVATIVE TECHNIQUES AND TREATMENTS, MONTEFIORE IS COMMITTED TO THE UTILIZATION OF RESOURCES FOR THE ADVANCEMENT OF PHYSICIANS' EDUCATION AND DELIVERY OF CARE. RESEARCH MONTEFIORE'S LARGE BIOMEDICAL AND CLINICAL RESEARCH INITIATIVES INCLUDE INQUIRY INTO A RANGE OF MEDICAL AND HEALTH CARE DELIVERY ISSUES, INCLUDING BASIC RESEARCH INTO THE FUNDAMENTAL PROCESS OF DISEASE AND ITS TREATMENT IN HUMANS, CLINICAL TRIALS AND RELATED CLINICAL RESEARCH AND RESEARCH INTO THE ORGANIZATION AND MANAGEMENT OF HEALTH CARE SERVICES. MONTEFIORE IS AMONG 38 ACADEMIC MEDICAL CENTERS NATIONWIDE, AT THAT TIME, TO BE AWARDED THE PRESTIGIOUS CLINICAL AND TRANSLATIONAL SCIENCE AWARD (CTSA) BY THE NATIONAL INSTITUTES OF HEALTH (NIH). THE NATIONAL INSTITUTES OF HEALTH, ALONG WITH OTHER FEDERAL, STATE AND OTHER FUNDING, SUPPORTS RESEARCH IN SUCH AREAS AS AIDS, ONCOLOGY, PEDIATRICS, ANESTHESIOLOGY, EMERGENCY MEDICINE, NEUROLOGY, PATHOLOGY, SOCIAL MEDICINE AND OTHER CLINICAL PROGRAMS. MONTEFIORE AND EINSTEIN ARE ALIGNED AROUND SHARED GOALS, WITH SPECIAL EMPHASIS ON ADVANCING CLINICAL AND TRANSLATIONAL RESEARCH TO ACCELERATE THE PACE AT WHICH NEW DISCOVERIES BECOME THE TREATMENTS AND THERAPIES OF TODAY. AT THE HEART OF MONTEFIORE MEDICAL CENTER'S PIONEERING RESEARCH INITIATIVES IS ITS UNIQUE PARTNERSHIP WITH ALBERT EINSTEIN COLLEGE OF MEDICINE. SINCE 1963, MONTEFIORE HAS SERVED AS THE UNIVERSITY HOSPITAL OF ALBERT EINSTEIN COLLEGE OF MEDICINE (EINSTEIN), A POWERFUL COLLABORATION BETWEEN TWO OF THE NATION'S PREEMINENT MEDICAL INSTITUTIONS THAT FOSTERS THE CREATION OF KNOWLEDGE BY ATTRACTING WORLD-RENOWNED LEADERS IN THEIR FIELDS AND PROMOTING OPPORTUNITIES FOR BASIC TRANSLATIONAL AND CLINICAL RESEARCH. THIS BOND WAS STRENGTHEN FURTHER IN 2015 WHEN MONTEFIORE ASSUMED OPERATIONAL AND FINANCIAL CONTROL OF THE COLLEGE AND, MORE RECENTLY, WHEN MONTEFIORE EINSTEIN, INC., THE PARENT ORGANIZATION OF THE MONTEFIORE HEALTH SYSTEM, INC., BECAME THE SOLE MEMBER OF THE COLLEGE. MONTEFIORE AND EINSTEIN TOGETHER HAVE SUCCESSFULLY COLLABORATED TO SECURE A NATIONAL INSTITUTE OF HEALTH FUNDED $22.5 MILLION CLINICAL AND TRANSLATIONAL SCIENCE AWARD TO CREATE A RESEARCH INFRASTRUCTURE TO SUPPORT AND PROMOTE CLINICAL AND TRANSLATIONAL RESEARCH. MONTEFIORE RESEARCHERS ARE CURRENTLY INVOLVED IN MORE THAN 500 CLINICAL TRIALS AND RESEARCH STUDIES, HELPING TO TRANSLATE SCIENTIFIC BREAKTHROUGHS INTO CUTTING EDGE DIAGNOSTICS AND INNOVATIVE TREATMENTS.
- #2 $66.71MCOMMUNITY SERVICES SERVICES TO THE COMMUNITY ARE AN EXPLICIT AND ESSENTIAL COMPONENT OF MONTEFIORE'S MISSION AND ONE OF ITS MOST VALUED TRADITIONS. THE MEDICAL CENTER HAS A LONG HISTORY OF REACHING BEYOND THE WALLS OF ITS HOSPITALS TO IDENTIFY AND MEET THE NEEDS OF ITS COMMUNITY AND HAS BEEN A NATIONAL LEADER IN ORGANIZING AND EXPANDING COMMUNITY-BASED SERVICES. MONTEFIORE'S COMMITMENT TO THE COMMUNITY HAS REQUIRED A MULTIFACETED, CONTINUALLY EVOLVING RESPONSE, IN WHICH THE UNIQUE CAPACITIES OF THE ACADEMIC MEDICAL CENTER ARE MOBILIZED TO IMPROVE THE LIVES OF THE PEOPLE AND THE COMMUNITIES SERVED-NOT JUST MEDICALLY, BUT SOCIALLY, ECONOMICALLY AND ENVIRONMENTALLY, WHEREVER AND WHENEVER RESOURCES CAN MAKE A DIFFERENCE. THE MEDICAL CENTER HAS MAINTAINED AND EXPANDED ITS RANGE OF COMMUNITY SERVICES, REACHING OUT TO AND SERVING UN-MET HEALTH NEEDS, INCLUDING THOSE WITH POOR ACCESS TO COMPREHENSIVE PRIMARY CARE, AT-RISK AND HARD TO REACH CHILDREN AND THEIR FAMILIES, UNDERSERVED AND AT-RISK SENIOR CITIZENS, THOSE AFFECTED BY CANCER, THOSE AFFECTED BY THE CONTINUING HIV EPIDEMIC IN THE BRONX, PERSONS WITH OR AT-RISK FOR TUBERCULOSIS INFECTION, PERSONS AFFECTED WITH PROBLEMS OF SUBSTANCE ABUSE, THE HOMELESS, ADULTS AND CHILDREN WITH LIMITED ACCESS TO PRIMARY DENTAL CARE AND THOSE AFFECTED BY CHRONIC HEALTH CARE DISEASES SUCH AS CONGESTIVE HEART FAILURE, DIABETES AND ASTHMA. EMBRACING ITS SOCIAL RESPONSIBILITY TO THE COMMUNITY, MONTEFIORE IS NATIONALLY KNOWN AS A PIONEER IN PROGRAMS THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITY. MONTEFIORE HAS BEEN IN THE VANGUARD OF INTERVENTION TO COMBAT SUCH CONDITIONS AS HIV DISEASE, TUBERCULOSIS AND LEAD POISONING PREVENTION. MONTEFIORE HAS SHARPENED THE FOCUS ON SUCH ISSUES AS CHILDHOOD OBESITY, DIABETES, IMPROVING COMMUNITY ACCESS TO FRESH, HEALTHY FOODS AT GREEN MARKETS AND REDUCING HEALTHCARE DISPARITIES. MONTEFIORE IS ALIGNING COMPONENTS OF THE DELIVERY SYSTEM TO HELP IMPROVE PUBLIC OUTCOMES AND BUILDING BEHAVIORAL AND POPULATION-BASED RESEARCH TO IDENTIFY BEST PRACTICES. THE COMMUNITY SERVED BY MONTEFIORE, BY SEVERAL MEASURES, FACES MANY CHALLENGES. IT IS RANKED THE POOREST URBAN COUNTY IN THE COUNTRY, LEADS THE NATION IN RATES OF DIABETES AND OBESITY AND OTHER CHRONIC CONDITIONS AND LEADS NEW YORK CITY IN A HOST OF SIGNIFICANT MARKERS: PEOPLE IN "FAIR OR POOR HEALTH", LOW BIRTH WEIGHT, TEEN PREGNANCY, CHILDREN IN POVERTY, DISABLED INDIVIDUALS AND FAMILIES LIVING BELOW THE POVERTY LINE. MONTEFIORE IS CONTINUOUSLY WORKING TO HELP THE COMMUNITY MAINTAIN A SENSE OF SECURITY AND ECONOMIC STABILITY, AS WELL AS TO IMPROVE SUCH QUALITY-OF-LIFE FUNDAMENTALS AS EDUCATION AND AFFORDABLE HOUSING. MONTEFIORE SEEKS ADVANCE LIFE IN THE BRONX BEYOND THE TRADITIONAL BOUNDS OF HEALTHCARE, BY LEADING DEVELOPMENT EFFORTS, PROMOTING SAFE AND PRODUCTIVE NEIGHBORHOODS AND TAKING A LEADERSHIP ROLE IN COMMUNITY BUSINESS DEVELOPMENT. MONTEFIORE IS AN ADVOCATE AND PARTNER WITH OUR NEIGHBORS IN THE BRONX, HELPING TO SUSTAIN THE COMMUNITY THAT SUSTAINS US.
named programs · 4 · from sources
What they call their work
Community Services
Comprehensive community-based programs addressing unmet health needs, including primary care access, HIV/AIDS care, tuberculosis prevention, substance abuse treatment, and chronic disease management
Medical Education & Research
Postgraduate training for over 1,250 residents across 89 accredited residency and fellowship programs; serves as the teaching hospital for Albert Einstein College of Medicine
Montefiore Einstein Home Care
Home-based medical and nursing services for patients requiring ongoing care outside hospital settings
Virtual Urgent Care
Telehealth service providing remote urgent medical care to patients across its service region
activities · 6 groups
What they do
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Biomedical Research and Innovation 1 activity
- Advancing medical research and clinical trialsConducts over 850 active clinical trials and receives approximately $200 million in research funding annually from the National Institutes of Health (NIH). Research focuses on life-saving cures, innovations in patient care, public health, and medical education, including advancements in cellular immunotherapy for cancer treatment.
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Medical Professional Education & Training 1 activity
- Conducting postgraduate medical training and continuing educationProvides clinical training to over 1,250 residents through 89 accredited residency and fellowship programs. Produces hundreds of continuing medical education (CME) activities and awards CME credit to thousands of healthcare practitioners annually.
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Telehealth and Urgent Care Access 1 activity
- Delivering virtual and digital health servicesOffers virtual urgent care and video visits through the MyChart platform, enabling remote clinical consultations. Provides digital tools for appointment scheduling, test result access, pre-visit check-in, prescription refills, and secure messaging with providers.
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Community Health Equity Initiatives 1 activity
- Implementing community health and disease prevention programsLeads community-based interventions to combat HIV, tuberculosis, lead poisoning, childhood obesity, and diabetes. Runs programs to improve access to healthy foods through green markets and reduce healthcare disparities in the Bronx and surrounding areas.
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Comprehensive Primary and Specialty Care Networks 1 activity
- Operating hospital and outpatient care networkOperates 13 hospitals and over 300 primary and specialty care medical centers across New York City, Westchester, and the Hudson Valley, providing comprehensive healthcare services. These facilities supported 7.5 million patient interactions annually.
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Financial Assistance Policy Implementation 1 activity
- Providing patient financial and billing servicesOffers 24/7 access to patient accounts for bill payment, insurance updates, and billing inquiries via the Patient Payment Portal and MyChart. Provides financial assistance, insurance eligibility support, and resources to reduce unexpected medical costs for insured and uninsured patients.
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financials · form 990 · fy2024
revenue
Total revenue$5.91B
Contributions & grants$290.93M5%
Program service revenue$5.52B93%
Investment income$76.02M1%
Other revenue$19.92M
expenses
Total expenses$5.62B
Program expenses90%
Admin / overhead10%
Fundraising0%
Salaries & benefits$3.29B
Grants paid out$1.22M
Largest expense lineCompensation
balance sheet
Total assets$4.99B
Cash$414.93M
Investments$1.39B
Liabilities$5.05B
Net assets$-57.56M
Liquid reserves3.9 mo
4 years on record · 2020–2024 · YoY revenue +16.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 9
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| PHILIP O OZUAH MD PHD | PRESIDENT & CEO | 41 | $16.69M |
| ROBERT MICHLER MD | CHAIR-SURG/CARDIOTHORACIC SURG | 60 | $5.00M |
| COLLEEN M BLYE | EXEC VP & CFO | 37 | $4.28M |
| SUSAN GREEN-LORENZEN RN | SYSTEM SENIOR VP-OPERATIONS | 44 | $3.12M |
| EMAD ESKANDAR MD | CHAIR-NEUROLOGICAL SURGERY | 60 | $2.05M |
| CHRISTOPHER PANCZNER | ASST SEC.-SVP & GEN COUNSEL | 36 | $1.97M |
| JOSEPH DE ROSE MD | DIR MIN INVASIVE ROBOTIC SURG | 60 | $1.75M |
| DANIEL GOLDSTEIN MD | VICE CHAIR-CARDIOTHORACIC SURG | 60 | $1.73M |
| NEIL COBELLI MD | CHAIR-DEPT. OF ORTHOPEDICS | 60 | $1.63M |
board members · 16
- ALAN N SUNA — TRUSTEE
- ALISA R DOCTOROFF — TRUSTEE
- ALLEN M SPIEGEL MD — TRUSTEE
- BARRY S BLATTMAN — TRUSTEE
- BRUCE DONIGER — TRUSTEE
- CATHERINE KLEMA — VICE CHAIR
- DANIEL R TISHMAN — TRUSTEE
- DAVID B KEIDAN — TRUSTEE
- DOUGLAS F EISENBERG — TRUSTEE
- EDWIN H STERN III — TRUSTEE
- ELLEN BRESLOW NEWHOUSE — TRUSTEE
- EMANUEL CHIRICO — TREASURER
- GAYLE F ROBINSON — TRUSTEE
- HELEN A JOHNSON — TRUSTEE
- JAMES M BUTLER — CHAIR
- JAY B ABRAMSON — TRUSTEE
relationships · 22
Who they work with
- 1199 National Benefit Fund Partner — Contracted insurance plan participating with Montefiore Einstein
- Aetna Partner — Contracted insurance plan participating with Montefiore Einstein
- Albert Einstein College of Medicine Government — Academic affiliate located on the same campus, supporting medical education and research.
- Albert Einstein College of Medicine Partner — Academic affiliate and integrated partner in medical education, research, and patient care.
- Albert Einstein College of Medicine Partner — Academic affiliate providing medical education and jointly operating with Montefiore Medical Center.
- Albert Einstein College of Medicine Partner — Collaborates on patient care, research, and medical education under the Montefiore Einstein integrated system.
- Albert Einstein College of Medicine Partner — Montefiore serves as the University Hospital for Albert Einstein College of Medicine, supporting medical education and clinical research.
- Anthem BCBS Partner — Contracted insurance plan participating with Montefiore Einstein
- Cigna Partner — Contracted insurance plan participating with Montefiore Einstein
- Emblem Health Partner — Contracted insurance plan participating with Montefiore Einstein
- Empire BCBS Partner — Contracted insurance plan participating with Montefiore Einstein
- Epic Systems Corporation Partner — Technical partner providing the MyChart platform used for patient portal services.
- Fidelis Care Partner — Contracted insurance plan participating with Montefiore Einstein
- Humana Medicare Partner — Contracted insurance plan participating with Montefiore Einstein
- Medicaid Government — Government insurance program with participation by Montefiore Einstein providers
- Medicare Government — Government insurance program with participation by Montefiore Einstein providers
- Montefiore St. Luke's—Cornwall Partner — Operates integrated hospital and specialty care services in Cornwall and Newburgh, NY.
- National Institutes of Health Government — Primary funder of research at Montefiore Einstein, providing approximately $200 million annually.
- UnitedHealthcare Partner — Contracted insurance plan participating with Montefiore Einstein
- VNS Partner — Contracted insurance plan participating with Montefiore Einstein
- White Plains Hospital Partner — Collaborates on clinical services and shared facilities, including the White Plains Hospital Armonk Clinic and Ambulatory Surgery Center.
- Winifred Masterson Burke Rehabilitation Hospital Partner — Provides rehabilitation services in White Plains, NY, as part of the Montefiore Einstein network.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Academic-Integrated Clinical Translationmethodology: bench-to-bedside_translational_researchBy integrating academic research, medical education, and clinical care, we accelerate the delivery of evidence-based treatments to patients because discovery and practice inform each other in real time. This model improves health outcomes and trains future leaders through a unified system.
- Inclusive Access Regardless of Insurancemethodology: inclusive_access_modelBy providing high-quality care to all patients irrespective of insurance status, we improve population health equity and system-wide access because removing financial barriers increases utilization and continuity of care.
- Patient-Centered Comprehensive Care Modelmethodology: comprehensive-care-modelBy delivering coordinated, holistic care rather than fragmented services, we improve clinical quality and patient experience while reducing costs because integrated care management addresses the full spectrum of patient needs.