irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0BON SECOURS CHARITY HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF HEALTHY COMMUNITIES ACO, LLC, WHICH WAS FORMED TO PARTICIPATE IN PROGRAMS AND TO RECEIVE AND DISTRIBUTE SHARED SAVINGS AND OTHER PAYMENTS RECEIVED FROM THIRD PARTY PAYORS, INCLUDING MEDICARE, UNDER QUALITY IMPROVEMENT ARRANGEMENTS AND TO REPAY SHARED LOSSES, IF ANY, OR OTHER MONIES DETERMINED TO BE OWED PURSUANT TO SUCH ARRANGEMENTS. THERE WERE NO DISTRIBUTIONS IN 2024.
- #2 $0BON SECOURS CHARITY HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF HEALTHIER COMMUNITIES ACO, LLC, WHICH WAS FORMED TO PARTICIPATE IN PROGRAMS AND TO RECEIVE AND DISTRIBUTE SHARED SAVINGS AND OTHER PAYMENTS RECEIVED FROM THIRD PARTY PAYORS, INCLUDING MEDICARE, UNDER QUALITY IMPROVEMENT ARRANGEMENTS AND TO REPAY SHARED LOSSES, IF ANY, OR OTHER MONIES DETERMINED TO BE OWED PURSUANT TO SUCH ARRANGEMENTS. THE ACO RECEIVED A DISTRIBUTION OF $3,823,607 IN 2024 PAYABLE TO THE BON SECOURS CHARITY HEALTH SYSTEM MEDICAL GROUP PC.
named programs · 9 · from sources
What they call their work
Brain and Spine Institute
Delivers leading treatments for stroke, cranial conditions, and other neurological disorders
Heart and Vascular Institute
Provides advanced care for heart conditions, including diagnostics, interventions, and surgery
Imaging Services
Offers MRI, CT, X-ray, and ultrasound services at multiple locations across the Hudson Valley
Lab Services
Provides comprehensive diagnostic testing with fast, accurate results to support clinical care teams
Orthopedics
Offers surgical and non-surgical treatments including rehabilitation and physical therapy for orthopedic conditions
Pediatric Services
Provides pediatric specialty care through Maria Fareri Children’s Hospital, including a Level 1 pediatric Trauma Center
Specialty Pharmacy
Delivers personalized support and home delivery for complex prescriptions, coordinated with care teams
WMCHealth Cancer Center
Offers compassionate, comprehensive cancer care including treatment for gynecological cancers and supportive services
Women's Health
Provides care for gynecological cancers, high-risk pregnancies, family planning, and routine screenings
activities · 1 group
What they do
-
Uncategorized 1 activity
- Participates in and facilitates Medicare quality improvement arrangements through Healthy Communities ACO, LLCOperates as the sole member of Healthy Communities ACO, LLC to receive and distribute shared savings and other payments from third-party payors, including Medicare, under quality improvement arrangements. Facilitated distributions of $3,823,607 in 2024 and $3,630,865 in 2023 to Bon Secours Charity Health System Medical Group PC.
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financials · form 990 · fy2024
revenue
Total revenue$11.73M
Contributions & grants$00%
Program service revenue$00%
Investment income$11.56M99%
Other revenue$168K
expenses
Total expenses$1.21M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$151.28M
Cash$7.03M
Investments$0
Liabilities$253.38M
Net assets$-102.09M
Liquid reserves69.8 mo
4 years on record · 2018–2024 · YoY revenue +25462.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 7
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MICHAEL ISRAEL | VICE CHAIR | 1 | $3.41M |
| MARY LEAHY MD | PRESIDENT & CEO | 1 | $1.40M |
| RENEE GARRICK MD | BOARD MEMBER | 1 | $1.32M |
| JOSHUA RATNER | BOARD MEMBER | 1 | $1.30M |
| JULIE SWITZER | BOARD MEMBER (thru 10/2024) | 1 | $1.05M |
| ANTONIO PERUGINO | CFO (thru 10/2024) | 1 | $309K |
| gary BRUDNICKI | FORMER BOARD MEMBER | 0 | $120K |
board members · 11
- ANTHONY COSTELLO — BOARD MEMBER (effective 11/2024)
- JOHN HEIMERDINGER — SECRETARY
- MICHAEL BEZNEY — BOARD MEMBER (effective 1/2024)
- MICHAEL ROSENBLUT — BOARD MEMBER
- RICHARD WISHNIE — CHAIR (thru 8/2024)
- SANDRA GRANNUM — BOARD MEMBER
- SR ANNE LUTZ — BSMH
- SR MAUREEN SULLIVAN — BSMH REP
- STEVEN KENT — BOARD MEMBER
- SUSAN GEVERTZ — BOARD MEMBER
- TAMER EL-RAYESS MD — 1ST VICE CHAIR & TREASURER
relationships · 3
Who they work with
- Bon Secours Charity Health System Medical Group PC Partner — Recipient of shared savings distributions from Healthier Communities ACO, LLC
- Healthier Communities ACO, LLC Partner — Sole member organization; formed to participate in quality improvement arrangements and manage shared savings and losses from third-party payors including Medicare
- Healthy Communities ACO, LLC Partner — Sole member organization; formed to participate in quality improvement arrangements and manage shared savings and losses from third-party payors including Medicare
strategies · 1
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.