Providence Cedars-Sinai Tarzana Medical Center

What it reported doing in 2024

See schedule oat providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We are also pursuing innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all. In an increasingly uncertain world, we are committed to high-quality, compassionate health care for everyone - regardless of coverage or ability to pay. We help people and communities benefit from the best health care model for the future - today. Together, our 125,000 caregivers (all employees) serve in 51 hospitals, 1,014 clinics and a comprehensive range of health and social services across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. The providence affiliate family includes: -providence across five western states -covenant health in west Texas and New Mexico -facey medical group in los angeles, ca -kadlec in southeast Washington -pacific medical centers in seattle, wa -swedish health services in seattle, wa in 2024, providence ministries and affiliates provided $1.9 billion in community benefit programs. This includes free and discounted care, uncompensated and subsidized care, and other community health activities. One of these vital programs, medicaid, is a lifeline for millions of individuals, including seniors, children, pregnant patients, those with disabilities and veterans. We are grateful to everyone in our communities who has joined us in advocating for continued funding and expansion of this program. Together, we are helping to ensure more people have access to needed care. For more information go to: https://www.providence.org/about/annual-report through our community benefit programs, we focus on meeting the diverse needs of the people we serve by working to ensure basic health needs are met, removing barriers to care, building community resilience and innovating for the future. Providence continues to work towards carbon negative and in 2024 decreased emissions by 19 percent compared to our 2019 baseline. Our efforts earned us a system record 55 environmental excellence awards from practice greenhealth and made us the first large system to receive the joint commission's sustainable healthcare certification in 2024 for each of our hospitals. 2024 program service accomplishmentsprovidence cedars-sinai tarzana medical center founded in 1973, providence cedars-sinai tarzana medical center provides excellent and compassionate care to the san fernando valley. In addition to heart, vascular, orthopedic, cancer and women's services, the hospital houses the largest level iii neonatal intensive care unit (nicu) in the area and our emergency department has been designated by the los angeles county department of health as a stemi and stroke receiving center. Providence cedars-sinai tarzana medical center provides vital community health services and addresses the needs of the uninsured and underinsured through its financial assistance program providing free and discounted care. In cy2024, $1.1m financial assistance was provided to the community, along with $32.8m in unpaid cost of medicaid. Providence cedars-sinai tarzana medical center (pcstmc; tarzana) in partnership with providence holy cross medical center (phcmc; missionhills); and providence st. Joseph medical center (psjmc; burbank) accomplished the following program implementation strategy objectives during 2024. Access to health care: - assisted with over 480 household insurance applications for over 860 individuals in 2024 through our sfv community health insurance program, confirming enrollment for 80% of them. - provided 610 flu vaccinations to community members at local school sites in the sfv. - made primary care referrals for 246 emergency department patients, as well as 250 medi-cal appointments, linking patients to financial counselors. Housing and homelessness: - completed discharge paperwork for 677 homeless patients visiting our sfv emergency depar

Financial Efficiency

• Mission deployment rate: 84%; rating input score 84
• Program expense ratio: 89.4%; rating input score 89
• 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: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 57.1%; rating input score 57; 15th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6%; rating input score 60; 60th percentile among comparable filings
• Total-asset coverage ratio: 2.5; rating input score 70; 70th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
• Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings

Growth

• Program expense growth: 3.3% per year; rating input score 100; 24th percentile among comparable filings
• Revenue growth: 6.8% per year; rating input score 100; 58th percentile among comparable filings
• Asset growth: 16.5% per year; rating input score 100; 89th percentile among comparable filings