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ST PETER'S HEALTH PARTNERS MEDICAL ASSOCIATES PC

ALBANY, NY · EIN 461177336 · Form 990 · FY2023 · NTEE E31 · Health Care · Very Large (>$50M) · sphp.com
revenue
$288.3M
expenses
$314.8M
net assets
$-154.2M
employees
1,816
program ratio
93%
mission · from form 990

TO PROVIDE HEALTH CARE SERVICES

profile · synthesized from sources

St. Peter's Health Partners Medical Associates PC provides health care services as part of Trinity Health, a Catholic health care system. The organization delivers medical care across hospital, outpatient, and specialty treatment settings, including substance use disorder programs. It operates under strict privacy standards governed by HIPAA and state laws, with a focus on coordinated care, quality improvement, and patient rights.

named programs · 2 · from sources

What they call their work

Health Information Exchange (HIE)
Shares electronic health records with other providers and systems for treatment coordination, quality improvement, and continuity of care within the Trinity Health network
Substance Use Disorder (SUD) Treatment Program
Provides treatment for substance use disorders in compliance with 42 CFR Part 2 regulations; includes counseling, care coordination, and privacy-protected health record management
activities · 8 groups

What they do

  • Comprehensive Primary and Specialty Care Networks 2 activities
    • Expanding primary and specialty care access through new practice locations
      Opened new primary care practices in Latham and Malta, NY, and launched St. Peter’s Orthopedics as a new specialty care program, expanding access to outpatient medical services in the Capital Region.
    • Operating multi-specialty physician group practice
      Operates a multi-specialty physician group with over 950 providers (including more than 1,100 physicians and advanced practitioners) across more than 130 locations in the Capital Region, delivering care in over 25 medical and surgical specialties. The group includes primary care, specialty care, and hospital-based services under the St. Peter's Health Partners Medical Associates name.
  • Diagnostic Testing and Imaging Services 1 activity
    • Centralizing outpatient registration and patient access services
      Provides centralized registration for diagnostic imaging, endoscopy, nuclear medicine, cardiac cath, EP lab, cardiac/vascular surgery, and outpatient lab services at a single Main Street location at St. Peter's Hospital, and offers dedicated centralized registration at Samaritan Hospital’s Lally Pavilion with a separate entrance on Peoples Avenue.
  • Biomedical Research and Innovation 1 activity
    • Conducting medical research in rehabilitation and health data
      Conducts and participates in cutting-edge research in physical medicine and rehabilitation through the James A. Eddy Memorial Foundation Research Institute, and shares protected health information with medical researchers for approved research projects.
  • Skilled Nursing and Rehabilitation Facilities 1 activity
    • Delivering inpatient and outpatient rehabilitation services
      Operates Sunnyview Rehabilitation Hospital, an inpatient rehabilitation facility in Schenectady, NY, and twelve outpatient therapy clinics across the Capital Region, providing physical medicine and rehabilitation services.
  • Patient Portal and Digital Health Access 1 activity
    • Providing digital patient services and online access tools
      Offers online scheduling for primary care appointments, online bill payment for hospital charges via a financial services provider, online class registration, Gift Shop purchases, and transitioned to Trinity Health MyChart as the unified patient portal for accessing medical records and health information.
  • Outpatient Substance Use Treatment 1 activity
    • Providing substance use disorder treatment and care coordination
      Offers substance use disorder treatment programs compliant with federal privacy regulations (42 CFR Part 2), and shares patient health records with Health Information Exchanges and through data exchange technologies to support continuity of care and treatment planning.
  • Language Access Services 1 activity
    • Supporting patient communication and accessibility needs
      Provides free auxiliary aids and services including qualified sign language interpreters, written materials in alternative formats, and language assistance for individuals with limited English proficiency, and permits trained service animals to accompany individuals with disabilities.
  • Healthcare Provider Directories and Clinical Support Services 1 activity
    • Using artificial intelligence to support clinical care
      Uses artificial intelligence technology to support patient care and treatment decisions as part of clinical operations.
financials · form 990 · fy2023
revenue
Total revenue$288.28M
Contributions & grants$32K0%
Program service revenue$288.21M100%
Investment income$00%
Other revenue$37K
expenses
Total expenses$314.80M
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$263.69M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$96.55M
Cash$5K
Investments$16.45M
Liabilities$250.79M
Net assets$-154.24M
Liquid reserves0.6 mo
5 years on record · 2019–2023 · YoY revenue +11.1%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 25
NameTitleHours/wkCompensation
STEVEN HANKS MD PRESIDENT & CEO-NY REGION 1 $1.59M
SOON PARK MD CHIEF OF CARDIAC SURGERY 50 $1.34M
KYRIL CHOUMAROV MD PHYSICIAN - THORACIC SURGERY 50 $1.27M
JOHN TAGGERT MD DIRECTOR AS OF 1/24; PHYSICIAN 50 $1.25M
YARON STERNBACH MD DIR; PHYSICIAN - VASCULAR SURGERY 50 $1.25M
KATHLEEN OZSVATH MD PHYSICIAN - VASCULAR SURGERY 50 $1.25M
VARDAN AMIRBEKIAN MD DIR; CHR; PHYS-DIAGNOSTIC RADIOLOGY 49 $1.22M
DENNIS RASSIAS MD PHYSICIAN - THORACIC SURGERY 50 $1.18M
JONAH MARSHALL MD PHYSICIAN - UROLOGY 50 $1.14M
MICHAEL FINEGAN FORMER OFFICER; CONSULTANT 0 $1.12M
SMBAT AMIRBEKIAN MD DIRECTOR; PHYS-DIAG RADIOLOGY 50 $1.05M
ERICA FISH MERRILL DO DIR; PHYSICIAN - FAMILY MEDICINE 0 $926K
THOMAS ROBERT VP & CFO - NEW YORK REGION 1 $832K
KIM BAKER SVP HOSPITAL OPERATIONS 1 $822K
JASON HECKMAN MD FORMER OFF; PHYS - GENERAL SURGERY 50 $802K
CHRISTOPHER DIBBLE MD DIRECTOR; PHYSICIAN - CARDIOLOGY 50 $779K
JAMES PHILLIP MD DIR,TREASURER;PHYSICIAN - CARDIOLOGY 50 $773K
KELLIE VALENTI PRESIDENT 50 $653K
WILLIAM KOWAL MD CHIEF MEDICAL OFFICER 49 $650K
BRIAN MURRAY MD DIR THR 12/23; PHYSICIAN - UROLOGY 50 $637K
YVENALIE LAURENT MD DIRECTOR; PHYSICIAN-FAMILY MEDICINE 50 $600K
KRISTEN SANTOS DO DIR; VICE CHR;PHYSICIAN-INT MEDICINE 1 $599K
BRIGITTE BEKAN-HOMAWOO MD DIRECTOR; PHYS-FAMILY MEDICINE 50 $477K
ARA KAYAYAN MD DIR; PHYSICIAN - INTERNAL MEDICINE 50 $449K
RICHARD ROWLEY MD FORM OFF; PHYS-DIAGNOSTIC RADIOLOGY 50 $445K
relationships · 11

Who they work with

  • Jack's Place Partner — Provides free lodging for families of patients receiving treatment at Sunnyview Rehabilitation Hospital.
  • James A. Eddy Memorial Foundation Research Institute Network — Research arm conducting and supporting cutting-edge research in physical medicine and rehabilitation.
  • New York State Department of Health Government — Patients may file complaints with the New York State Department of Health regarding care at St. Peter's Health Partners facilities.
  • St. Peter's Health Partners Network — St. Peter's Health Partners Medical Associates PC is a physician practice within the St. Peter's Health Partners system.
  • St. Peter's Health Partners Partner — St. Peter’s Health Partners Medical Associates is affiliated with St. Peter’s Health Partners, a not-for-profit network of medical, primary, rehabilitation, and senior services
  • St. Peter’s Health Partners Partner — SPHPMA is affiliated with St. Peter’s Health Partners, the region’s largest not-for-profit network of high-quality medical care.
  • Sunnyview Rehabilitation Hospital Foundation Network — Foundation that receives donations to fund equipment, programs, services, and research at Sunnyview.
  • Trinity Health Government — Member of Trinity Health, a Catholic health care system, and participates in its utilization review and quality assessment activities.
  • Trinity Health Network — Member of the Trinity Health system, using its MyChart platform for patient portal services.
  • Trinity Health Partner — Owns and operates the website and related services for ST PETER'S HEALTH PARTNERS MEDICAL ASSOCIATES PC
  • U.S. Conference of Catholic Bishops Government — Provides the Ethical and Religious Directives for Catholic Healthcare Services that guide the organization's healthcare practices.
strategies · 4

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.

  • Culturally Responsive and Equitable Care
    methodology: culturally_responsive_care
    By tailoring care to the diverse lived experiences, identities, and needs of patients, we improve equity in health outcomes because culturally responsive practices increase trust, access, and relevance of services.
  • Integrated Clinical and Operational Health Systems
    methodology: integrated_clinical_practice
    By combining clinical practice with research, education, and population health operations, we improve care quality and reduce costs because data-driven, learning-oriented systems enable continuous improvement and proactive management of patient populations.
  • Integrated Multi-Specialty Care Model
    methodology: integrated_multi_specialty_care
    By coordinating care across a network of primary care, specialty, and hospital providers, we improve patient outcomes and experience because seamless access to diverse medical expertise reduces fragmentation and delays in treatment.
  • Patient and Family-Centered Care
    methodology: patient_and_family_centered_care
    By actively engaging patients and their families in care decisions and visitation policies, we support healing and reduce stress because inclusive, relationship-based care improves emotional well-being and treatment adherence.