Albany Med Health System

What it reported doing in 2024

Albany medical center hospital and affiliates: operating and recovery room: inpatient and outpatient operating room services including open heart program, transplant services and specialized trauma services. Approximately 29,107 total cases performed with 11,641 inpatient and same day, and 17,466 outpatient.other patient care based services: totaled approximately $115 million in expenditures. The group organization receives general expense reimbursements for related patient care services.laboratory services (adult & peds): inpatient and outpatient services including clinical chemistry, blood bank, hematology, serology and microbiology.the organization has certain other exempt function revenues which total approximately $5 million.instruction: as an educational institution, the main function is to teach approximately 800 students.research: as a medical college, the organization undertakes numerous research projects during the course of the year. The expenditures for activities specifically organized to provide research outcomes is approximately $21 million.foundation: the group organization includes a foundation, whose primary function is to raise funds for construction, research, support and endowment purposes for exempt organizations, including albany medical college, albany medical center hospital, albany med health system, amc alumni association, and center for donation and transplant, via direct mail - community based programs, telethon, radiothon, special events - golf outings, dinners, etc., plus gift-in-kind (gik) donations.center for donation and transplant (cdt): research/education - primary purpose is to facilitate procurement and equitable distribution of medically suitable organs for transplantation. Also, cdt is to ensure that families are informed on options for organ donation. Support family and hospital personnel involved in the donation process and educate the upstate medical profession on organ procurement.saratoga care, inc. (sci): the foremost commitment of sci is to enable its affiliated entity (saratoga hospital) to provide superior quality healthcare to the people of our community regardless of their ability to pay.kidskeller: children from eight weeks to kindergarten age may enroll. Educational activities for these varied age groups follow a developmental sequence which includes age appropriate activities for the development of cognitive skills, fine and gross motor skills, social-emotional growth and activities of daily living skills.columbia memorial hospital foundation: the organization operates to assist the columbia memorial hospital to develop, expand and fund medical services provided to residents of columbia, greene, and northern dutchess counties, ny.kaaterskill commons, inc (kci): this organization owns and operates a 21 unit apartment project located in catskill ny. The tenants are qualify low income elderly.saratoga regional medical, p.c. (srm) is organized and operated for the purpose of promoting health by providing medical care to the community served by saratoga hospital. Srm also operates a nephrology site in glens falls, ny. Saratoga hospital medical group - nephrology at glens falls offers its patients an outstanding team of board-certified physicians, employing the most advanced diagnostic techniques to identify, develop a treatment plan, and manage kidney disease. In 2024, providers at this location saw approximately 2,600 patient visits. Saratoga hospital medical group pulmonology offers our patients an outstanding team of board-certified, fellowship-trained physicians, employing the most up-to-date equipment and advanced diagnostic techniques working within the full spectrum of pulmonary care. Among other conditions, our practice addresses copd (chronic obstructive pulmonary disease), including emphysema and chronic bronchitis; asthma; interstitial lung disease; dvt (deep vein thrombosis); pulmonary embolism; chronic cough; lung cancer; sarcoidosis; pulmonary hypertension; pleural

Financial Efficiency

• Mission deployment rate: 87.3%; rating input score 87
• Program expense ratio: 86.5%; rating input score 87
• Fundraising efficiency: $12.89 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 71%; rating input score 71; 21st percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.5%; rating input score 40; 40th percentile among comparable filings
• Total-asset coverage ratio: 0.85; rating input score 34; 34th percentile among comparable filings
• Liabilities to assets ratio: 0.5; rating input score 36; 36th percentile among comparable filings
• Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: 11.5% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 10.6% per year; rating input score 100; 79th percentile among comparable filings
• Asset growth: 8.4% per year; rating input score 100; 61st percentile among comparable filings