Putnam Hospital Center

What it reported doing in 2024

Putnam hospital is a 164-bed acute care hospital serving communities in putnam county and the surrounding hudson valley region. The hospital is committed to delivering high-quality, patient-centered, and mission-driven care to the populations it serves. Putnam hospital is part of nuvance health, which in may 2025 joined northwell health, creating an expanded integrated health system that enhances access to coordinated, high-quality care across New York's hudson valley and western Connecticut. As part of northwell health, New York's largest health system, patients benefit from expanded clinical coordination, enhanced specialty expertise, and access to system-wide best practices, while maintaining a strong focus on community-based care. Through its integrated system, putnam hospital offers a comprehensive range of services, including bariatric surgery and medical weight loss, critical care, diabetes education, emergency services, heart and vascular care, imaging and radiology, infusion therapy, neurology and neurosurgery, orthopedic care, physical rehabilitation, primary care, rheumatology, sleep medicine, urgent care, women's health, behavioral health, cancer care, dentistry, digestive health, endocrinology, genetic counseling, home health services, infectious disease care, nephrology, occupational medicine, patient blood management, pediatrics, podiatry, pulmonary care, geriatric care, surgical services, urology, and wound care and hyperbaric medicine. Putnam hospital offers advanced clinical and surgical services, including orthopedic, spine, and bariatric surgery, as well as stroke care, cardiac care, oncology services (including medical and radiation oncology), comprehensive imaging, behavioral health services including a partial hospitalization program, maternity care, and outpatient rehabilitation services. These offerings support access to specialized care close to home for the communities served. Putnam hospital maintains a strong commitment to clinical quality and patient safety and has been recognized by several national organizations. The hospital has been designated as a robotic center of excellence by the surgical review corporation and has received an "a" hospital safety grade from the leapfrog group for quality and safety. U.s. News & world report has recognized putnam hospital as "high performing" in areas including heart failure and maternity care. The hospital also maintains key accreditations, including metabolic and bariatric surgery accreditation and quality improvement program (mbsaqip) accreditation, designation as a comprehensive community cancer program by the american college of surgeons commission on cancer, accreditation by the national accreditation program for breast centers, and accreditation for radiation oncology by the american college of radiology. These recognitions reflect the hospital's commitment to quality improvement, patient safety, and evidence-based care delivery. Putnam hospital conducts a community health needs assessment (chna) every three years to identify the health needs, barriers, and priorities of the communities it serves. The findings inform the development of the community health improvement plan (chip), which outlines targeted strategies and measurable actions to address identified needs. Based on the most recent chna, putnam hospital focused its community benefit activities on two priority areas: preventing chronic disease and promoting well-being while addressing mental health and substance use. In support of addressing social determinants of health and improving access to care, putnam hospital implemented the roundtrip transportation program in 2024, which provides transportation for vulnerable populations who may otherwise miss appointments due to lack of access to reliable transportation. Putnam hospital also supports mental health first aid, a nationally recognized, evidence-based program designed to teach individuals how to recognize and respond to signs of mental i

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 91%; rating input score 91
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 85.7%; rating input score 86; 1st 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: 46.9%; rating input score 47; 9th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 78.3%; rating input score 78; 26th 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: Fail
  • 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: -30.3%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 1.32; rating input score 49; 49th percentile among comparable filings
• Liabilities to assets ratio: 0.83; rating input score 16; 16th percentile among comparable filings
• Officer compensation ratio: 2.2%; rating input score 52; 52nd percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
• Revenue growth: -3% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: 1% per year; rating input score 100; 10th percentile among comparable filings