NewYork-Presbyterian

What it reported doing in 2018

Newyork-presbyterian/lawrence hospital provides medical, surgical, pediatric, maternity and obstetric, newborn and level ii nursery services. In 2017 newyork-presbyterian/lawrence hospital opened a cancer center and new surgical suites offering comprehensive care including the most advanced radiation therapy, an infusion unit, state-of-the-art operating suites, and rooftop wellness garden. Patients have access to the latest clinical trials and services provided in collaboration with cancer specialists from the national cancer institute-designated herbert irving comprehensive cancer center at columbia university medical center. Newyork-presbyterian/lawrence hospital in collaboration with the New York and presbyterian hospital and columbia physicians opened a cardiac catheterization lab in may 2015 which performed 122 inpatient cardiac catheterization procedures in jan-march 2018, the hospital had approximately 3,050 inpatient admissions and performed approximately 444 inpatient surgical procedures. There were approximately 14,683 patient days in jan-march 2018 and the average length of a patient's stay was 4.8 days. The hospital provides prenatal testing and advanced medical expertise for at-risk mothers and babies. The maternity program at newyork-presbyterian/lawrence hospital delivered 365 babies in jan-march 2018. In jan-march 2018, uninsured patients accounted for approximately 1.1% and 0.9% of the hospital's total discharges and patient days, respectively. Such inpatients generated approximately $1.5 million in charges for services provided of which a significant amount will go uncollected. The hospital's emergency department treated a total of approximately 10,834 patients from which approximately 1,966 were admitted to the hospital. Board-certified emergency medicine physicians work in the emergency department and provide emergent care 24 hours a day, 7 days a week. In the outpatient setting, the hospital offers the latest in diagnostic testing and laboratory services, ambulatory surgery options, and rehabilitation and sports medicine services. Our women's imaging center provides state-of-the-art diagnostic services in a comfortable, private setting and outpatient physical therapy, lymphedema therapy, speech, and occupational therapy services are provided at facilities in eastchester and scarsdale. As evidence of its forward thinking program, newyork presbyterian/lawrence hospital has one of the only multi-disciplinary cardiac and pulmonary rehabilitation programs in southern westchester county. The department provides a structured and supportive environment in which men and women who have experienced cardiac and pulmonary illnesses can recover their strength and achieve a sense of wellbeing. Newyork presbyterian/lawrence hospital laboratory is a state-of-the art, full service, computerized laboratory accredited by the college of american pathologists (cap). Under rigorous quality standards, we have been providing diagnostic laboratory services for more than 90 years, making us the area's most experienced and trusted provider. Through our extensive outreach program, we meet community needs by providing laboratory services to nursing homes, physician offices, colleges and home health agencies.

Financial Efficiency

• Mission deployment rate: 90.7%; rating input score 91
• Program expense ratio: 87.5%; rating input score 87
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: No; rating input score 0
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 71.4%; rating input score 71; 23rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • 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: -4%; rating input score 12; 12th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 1.9%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: -12.2% per year; rating input score 0; 1st percentile among comparable filings
• Revenue growth: -3.6% per year; rating input score 0; 3rd percentile among comparable filings
• Asset growth: -2.2% per year; rating input score 0; 8th percentile among comparable filings