Northwell Health

What it reported doing in 2024

Vassar brothers medical center (vbmc) is a 349-bed acute care hospital that has served New York's mid-hudson valley since 1887. The hospital remains committed to delivering high-quality, patient-centered, and mission-driven care to the communities it serves. Vbmc 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, vbmc patients benefit from broader clinical coordination, expanded specialty expertise, and access to system-wide best practices, while maintaining a strong focus on community-based care. Through its integrated system, vbmc 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. Vbmc serves as a regional medical center with established programs in cardiac services, cancer care, and women's and children's health. The hospital is home to a comprehensive cardiothoracic surgery program serving patients throughout the hudson valley, as well as the region's only level iii neonatal intensive care unit (nicu) for premature, underweight, and critically ill infants. Vbmc has introduced advanced clinical capabilities, including robotic orthopedic and spine surgery, liver and pancreatic surgery, interventional neuroradiology, surgical oncology, and transcatheter aortic valve replacement (tavr), reducing the need for patients to travel outside the region for specialized care. Vbmc is designated as a level ii trauma center and maintains certification as a thrombectomy-capable stroke center from the joint commission, ensuring access to advanced trauma and stroke care. Vbmc maintains a pediatric alliance with New York children's medical provider services, p.c., an affiliate of Connecticut children's, providing specialized inpatient pediatric care delivered by pediatric hospitalists, neonatologists, and multidisciplinary clinical teams. Vbmc is recognized for its commitment to clinical excellence and quality care through numerous national and regional distinctions. The hospital has been identified by u.s. News & world report as a "best regional hospital rated "high performing" across multiple procedures and conditions, including cancer surgery, cardiac care, pulmonary care, stroke, and chronic disease management. Vbmc has also been recognized by healthgrades as one of america's 50 best hospitals and among the 100 best hospitals for critical care, and has earned consistent five-star ratings for treatment of heart attack and heart failure. In addition, vbmc maintains significant accreditations, including designation as an integrated network cancer program and accreditation of its rectal cancer program by the american college of surgeons commission on cancer, as well as accreditation by the national accreditation program for breast centers. The hospital has also received the american heart association's get with the guidelines stroke gold plus award and has been recognized as a robotic center of excellence by the surgical review corporation. Vbmc is further designated as an age-friendly health system participant by the institute for healthcare improvement. These recognitions reflect the hospital's commitment to quality improvement, clinical excellence, and patient safety. Vbmc conducts

Financial Efficiency

• Mission deployment rate: 94.4%; rating input score 94
• Program expense ratio: 94.5%; rating input score 94
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 86.7%; rating input score 87; 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: 73.7%; rating input score 74; 15th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

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: 0.5%; rating input score 34; 34th percentile among comparable filings
• Total-asset coverage ratio: 1.4; rating input score 51; 51st percentile among comparable filings
• Liabilities to assets ratio: 0.46; rating input score 39; 39th percentile among comparable filings
• Officer compensation ratio: 0.5%; rating input score 85; 85th percentile among comparable filings

Growth

• Program expense growth: 9.1% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: 6.3% per year; rating input score 100; 55th percentile among comparable filings
• Asset growth: 8.4% per year; rating input score 100; 61st percentile among comparable filings