Baystate Health Inc

What it reported doing in 2024

Baystate health, inc. (baystate health or bh) based in springfield, Massachusetts is the parent corporation of an integrated health care delivery system with the mission "to improve the health of the people in our community every day, with quality and compassion." bh provides funding for strategic initiatives, as necessary, funding for research & education initiatives and support of community health, development, and outreach activities, mostly funded by bh board-designated funds. Public health institute of western Massachusetts, formerly partners for a healthier community, is the primary recipient of bh support. (see schedule o) baystate health currently includes the following: baystate medical center (bmc), located in springfield, Massachusetts, is the largest of the four hospitals in the baystate health system. Bmc, the leading health facility in western Massachusetts, is the only tertiary care referral medical center and level i trauma center in the region. It is also home to western new england's only neonatal and pediatric intensive care units. Bmc is a 716-bed, tax exempt, not-for-profit, academic teaching hospital. Baystate franklin medical center (bfmc), located in greenfield, Massachusetts, is a 89-bed, tax exempt, not-for-profit, acute care community hospital. Bfmc serves the northern tier of northwestern Massachusetts and southern Vermont. Baystate wing hospital corporation (bwh), located in palmer, Massachusetts, is a 46-bed, tax-exempt, not-for-profit, acute care community hospital. Baystate total home care, inc. (bthc), located in springfield, Massachusetts, is a tax exempt, not-for-profit corporation organized to benefit, support and further the charitable activities of bmc. Baystate noble hospital, inc. (bnh), located in westfield, Massachusetts, is a 85-bed tax-exempt, not-for-profit acute care community hospital. Bnh provides inpatient, outpatient and emergency care services for residents in the greater westfield community. Baystate medical practices, inc. (bmp) is a multi-specialty academic group practice established as a tax exempt, not-for-profit organization to support the educational and research programs of baystate health as well as numerous community primary care and outreach services. Visiting nurse association and hospice of western new england, inc. (bvnah) is a tax exempt, not-for-profit organization that provides comprehensive home health care committed to providing the highest quality care to patients and families, primarily in the home setting. Bvnah meets individual needs by bringing experienced nurses, rehabilitation therapists, social workers, and home care aides to patients' homes. Health new england, inc. (hne) is a tax exempt, not-for-profit health maintenance organization. It is located in springfield, Massachusetts. Hne's service area in Massachusetts includes franklin, berkshire, hampden and hampshire counties and part of worcester county. Hne also serves hartford, litchfield and tolland counties in Connecticut. Baystate administrative services, inc. (bas) is a tax exempt, not-for-profit corporation that provides management support for the bh subsidiaries, including human resources, marketing, strategic planning, information services and financial services. Baystate health foundation, inc. (bhf) is a tax exempt, charitable organization established for the purpose of fund-raising for healthcare related activities, in support, and for the benefit, of bh and those subsidiaries of bh that are tax exempt, not-for-profit corporations, and to hold endowment, charitable donations, and other funds for their benefit. Ingraham corporation (ic) is a for-profit, taxable corporation whose main purpose is facility support services. Baystate health insurance company, ltd. (bhic) is a captive insurance company organized and licensed in the cayman islands, british west indies. Bhic provides professional liability and other insurance coverage to bh and its corporate affiliates and their employees. Bhic

Financial Efficiency

• Mission deployment rate: 92.1%; rating input score 92
• Program expense ratio: 70.8%; rating input score 71
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 61.6%; rating input score 62; 13th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -21.5%; rating input score 4; 4th percentile among comparable filings
• Total-asset coverage ratio: 12.42; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
• Officer compensation ratio: 7.5%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 0% per year; rating input score 100; 11th percentile among comparable filings
• Revenue growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings