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Lahey Hospital & Medical Center

 41 Mall Road
 Burlington, MA 01805
[P] (781) 744-3333
[F] (781) 7445265
www.lahey.org
Karen.Myers@Lahey.org
Karen Myers
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INCORPORATED: 1963
 Printable Profile (Summary / Full)
EIN 04-2704686

LAST UPDATED: 01/30/2015
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

Lahey Hospital & Medical Center’s mission is to provide superior health care leading to the best possible outcome for every patient; exceed each day our patients’ high expectations for service; advance medicine through research and the education of tomorrow’s health care leaders, and promote health and wellness in partnership with the diverse communities we serve. Our goal is to care for our patients with with compassion and openness,with unsurpassed expertise, with a drive for continuous learning and improvement and with respect, caring, teamwork, excellence and commitment to personal best.

Mission Statement

Lahey Hospital & Medical Center’s mission is to provide superior health care leading to the best possible outcome for every patient; exceed each day our patients’ high expectations for service; advance medicine through research and the education of tomorrow’s health care leaders, and promote health and wellness in partnership with the diverse communities we serve. Our goal is to care for our patients with with compassion and openness,with unsurpassed expertise, with a drive for continuous learning and improvement and with respect, caring, teamwork, excellence and commitment to personal best.

FinancialsMORE »

Fiscal Year Oct 01, 2012 to Sept 30, 2013
Projected Income $1,061,809,675.00
Projected Expense $1,008,681,232.00

ProgramsMORE »

  • Emergency Department

Revenue vs. Expense ($000s)

Expense Breakdown 2011 (%)

Expense Breakdown 2010 (%)

Expense Breakdown 2009 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Lahey Hospital & Medical Center’s mission is to provide superior health care leading to the best possible outcome for every patient; exceed each day our patients’ high expectations for service; advance medicine through research and the education of tomorrow’s health care leaders, and promote health and wellness in partnership with the diverse communities we serve. Our goal is to care for our patients with with compassion and openness,with unsurpassed expertise, with a drive for continuous learning and improvement and with respect, caring, teamwork, excellence and commitment to personal best.

Background Statement

Established in 1923, Lahey Hospital & Medical Center - formerly Lahey Clinic - is a physician-led, nonprofit group practice, world-renowned for innovative technology, pioneering medical treatment, and leading-edge research.At Lahey, our physicians, nurses, therapists and other support staff work together to provide compassionate care and superior patient outcomes. Lahey Hospital & Medical Center, Burlington encompasses an ambulatory care center serving more than 3,000 patients each day and a 317-bed hospital. Lahey Medical Center, Peabody serves more than 800 outpatients each day and includes a 10-bed hospital. Both feature 24-hour emergency departments, and an American College of Surgeons verified Level II Trauma Center is based at the Burlington facility. Our multidisciplinary approach allows patients access to preeminent physicians from virtually every medical specialty, who collaborate to develop personalized treatment plans for each patient. We serve the North Shore region, Burlington area and greater Merrimack Valley region, and southern New Hampshire. Our community-based physicians have a wide range of specialties, including adult internists, pediatricians and family practice specialists. A teaching hospital of Tufts University School of Medicine, Lahey provides quality healthcare in virtually every specialty and subspecialty, from primary care to cancer diagnosis and treatment to kidney and liver transplantation.

Lahey Hospital & Medical Center is committed to improving health and quality of life for our diverse communities, especially underserved populations. We achieve this goal through a range of local collaborations and clini­cal programs that expand access to health education and services for all residents throughout our community.


Impact Statement

In May 2012, Lahey Clinic and Northeast Health System formed Lahey Health, a new health system that offers a full continuum of seamlessly delivered services in superb hospitals and primary and specialty care group practices as well as senior and behavioral care services in more than 24 towns and communities. Lahey Clinic was recently renamed Lahey Hospital & Medical Center.

Several recent commendations speak to the quality of care we provide, including
-Named named one of the nation’s 50 Top Cardiovascular Hospitals by Thomson Reuters.
-Designated an Aetna Institute of Quality Cardiac Care Facility for comprehensive heart and vascular treatment.
 
Our system-wide 2013 goals include improving our clinical quality and processes, patient inpatient and outpatient satisfaction, colleague engagement and financial performance.
 
 
 

Needs Statement

Our most pressing need is an expanded Emergency Department, which will represent Lahey Hospital & Medical Center's transformation into the flagship enterprise of the region's newest integrated health system: Lahey Health. 
The new ED will allow more patients to be diagnosed and treated more efficiently, decrease the added stress of long wait times and cramped facilities and better accommodate the growing number of patients that will rely on Lahey Health for emergency medical services in the decade ahead.

 

CEO Statement

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Board Chair Statement

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Geographic Area Served

NORTHEAST REGION, MA
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Organization Categories

  1. Health Care - Group Health Practices
  2. -
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Emergency Department

Lahey Hospital & Medical Center's Emergency Department was built in 1980 to handle 17,000 patient visits annually. As a Level II Trauma Center accredited by the American College of Surgeons and a Certified Stroke Center, the ED has specialized physicians available 24 hours a day, 7 days per week. With this depth and breadth of expertise, Lahey can handle injuries to the head, spine, lungs, liver, spleen, bowel and extremities. The planned new, 41,000-square-foot Emergency Department will occupy Level 2 of a 5-level, 155,000 square foot medical pavilion on the southwest corner of Lahey Hospital & Medical Center, Burlington. The envisioned new ED will endow Lahey with an emergency care capability befitting its national and international reputation for superb patient care. It represents a critical advance in Lahey Hospital & Medical Center’s transition from a stand-alone hospital and medical center to the flagship enterprise of Lahey Health.
Budget  $70,000,000.00
Category  Health Care, General/Other
Population Served General/Unspecified
Program Short-Term Success 
The new ED will allow Lahey Hospital & Medical Center to better serve the current volume of 38,000 annual patient visits and a larger share of high-acuity emergency patients.The ED design plan focuses on rapid patient treatment, minimizing patient length of stay, and improving comfort, confidentiality, medical care and security. Primary components include private triage, exam and patient/family consulting rooms; treatment rooms that accommodate bedside computerized charting; flexible functionality, allowing room conversion into tamper-proof rooms for behavioral health patients, and to ensure safe, secure areas, and related improvements.
Program Long-Term Success  The current ED was designed to handle 17,000 patient visits annually. Over the next decade, Lahey must prepare to serve more than 47,000 ED patients each year as market share grows, and our geographic service area enlarges. The ED will be the final foundational piece in readying Lahey Hospital & Medical Center to serve as the lead institution and senior partner of a current $1.5 billion system that, within five to ten years, could grow dramatically.


Program Success Monitored By  --
Examples of Program Success 

Many area residents consider Lahey Hospital & Medical Center’s Emergency Department as the place to go for serious emergencies. Indeed, Lahey Hospital & Medical Center experiences an unusually high percentage of inpatient admissions derived from ED visits, as high as 40 percent—that’s three times the national average.  Approximately 110 patients are seen in the ED at Burlington each day.


CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Dr. Howard R. Grant JD, MD
CEO Term Start Nov 2010
CEO Email philanthropy@lahey.org
CEO Experience A physician, attorney and healthcare chief executive, Howard R. Grant, JD, MD, the president and chief executive officer of Lahey Clinic since November 2010 and now of Lahey Health, has played a vital role in influencing patient safety and superior clinical care for more than two decades at some of the nation’s most preeminent health care institutions.

In May 2012, Lahey Clinic Foundation and Northeast Health System formed Lahey Health, a next generation healthcare system comprised of award-winning hospitals, primary care providers, specialist physicians, behavioral health, and senior care resources and services throughout Eastern Massachusetts and Southern New Hampshire. As president and CEO of Lahey Health, Dr. Grant is building what is next in integrated healthcare: making high-quality healthcare more personal, innovative and accessible.

While at Geisinger Health System in Danville, Penn., Dr. Grant led the clinical enterprise which included a group practice with 60 locations, 1,200 providers and three hospital campuses. Dr. Grant was the executive vice president and chief medical officer responsible for operations and budgets for 27 clinical service lines. He was also charged with aligning clinical operations with Geisinger Health Plan, a not-for-profit insurance company.

Prior to joining Geisinger, Dr. Grant had a long tenure at Temple University Health System in Philadelphia, where he served in a succession of leadership roles, including EVP for Hospital Operations, Senior Associate Dean for Clinical Affairs and Chief Medical Officer. He was responsible for performance improvement, risk management and patient safety; integration of clinical and operational programs across five facilities; and clinical leadership of case and disease management.

Dr. Grant began his medical career at the Children’s Hospital of Philadelphia. In addition to serving as a staff pediatrician, he directed quality assurance, risk management and utilization management programs while developing and managing home care programs. From 1992 to 1997, he served as corporate vice president for medical affairs at the Chester County Hospital in West Chester, Pennsylvania.

Dr. Grant earned both his medical and law degrees from George Washington University. He also holds a bachelor’s degree in political science from the University of Pennsylvania. He completed his pediatrics residency at the Children’s Hospital of Philadelphia. He is a member of the American Medical Association and the American College of Physician Executives, and is a fellow of the American Academy of Pediatrics.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
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Senior Staff

Name Title Experience/Biography
Lisa M Colombo DNP, MHA, RN Chief Nursing Officer

Lisa M. Colombo, DNP, MHA, RN, has 30 years of experience in nursing across the healthcare continuum, including physician practice management, home health as well as acute care. Most recently, she served as the Corporate Vice President of Patient Care Services and Chief Nursing Officer for the University of Massachusetts Memorial Health System, where she provided leadership for inpatient nursing, telemetry, critical care, surgical services, emergency services, behavioral health, oncology, case management, pharmacy, pastoral care, nutrition services, and the department of healthcare quality, risk management and compliance. Prior to this role, she served as the Vice President of Patient Care and Chief Nursing Officer at Milton Hospital and as Executive Director of Ambulatory Operations for Beth Israel Deaconess Medical Center.

Lisa holds a Doctor of Nursing Practice from the Massachusetts General Hospital Institute of Health Professions and is an assistant professor for the Doctor of Nursing Practice program for the Graduate School of Nursing at the University of Massachusetts Medical School Worcester. She earned a Master of Health Administration from Clark University and a Bachelor of Science in Nursing from Worcester State College.

Dr. Joseph C. Corkery MD Chief Institutional Advancement Officer Joseph C. Corkery, MD, is chief institutional advancement officer of Lahey Hospital & Medical Center, formerly Lahey Clinic. Dr. Corkery has served in a variety of positions of increasing leadership responsibility since 1983.
 
Dr. Corkery presided over significant expansion of the Department of General Internal Medicine as its chairman from 1984 through 2004, and served as chief medical officer from 1996 to 2011. He also served as a member of Lahey's Board of Trustees from 1993 to 2011.

As chief institutional advancement officer, Dr. Corkery plays a critical role in ensuring that Lahey’s vision and interests are well represented with community leaders as well as other hospitals and governmental agencies, while also continuing his well-respected clinical practice in General Internal Medicine. Dr. Corkery will also play a role in energizing Lahey's philanthropy program.
 
Dr. Corkery completed his undergraduate education at Boston College and earned his medical degree at Harvard Medical School. He completed his internship at Massachusetts General Hospital, his residency at New England Deaconess Hospital and an oncology fellowship at Sidney Farber Cancer Institute and Peter Bent Brigham Hospital.

Dr. Corkery has been listed as a top doctor in various publications such as Boston Magazine and Boston Consumers' Checkbook. He is a fellow in the American College of Physicians and serves as the Darald and Julia Libby Chair of General Internal Medicine.

Along with his administrative responsibilities, Dr. Corkery continues to work as a physician and teacher. He is an assistant clinical professor of medicine at Tufts University School of Medicine.
Dr. Richard W. Nesto Executive Vice President; Chief Medical Officer

Richard W. Nesto, MD, is executive vice president, chief medical officer of Lahey Hospital & Medical Center. In his current role, he is responsible for physician leadership across the organization, clinical practice oversight, educational programs and research initiatives. Dr. Nesto defines goals and responsibilities for all physician leaders and supports their achievement of these goals.

In addition to his clinical duties over the last decade at Lahey Clinic, Dr. Nesto chaired both the Department of Cardiovascular Medicine and the Division of Internal Medicine, which encompasses 12 specialties and nearly half the medical center's physicians.

A professor of medicine at Tufts University School of Medicine, Dr. Nesto is internationally known for his major clinical and research advancements in the treatment of heart disease in patients with diabetes mellitus. He has an extensive bibliography with nearly 300 scientific contributions to medical literature. He has served as the national spokesperson for the American Heart Association's "Heart of Diabetes" program.

A graduate of Tufts University School of Medicine, Dr. Nesto earned clinical and research fellowships in medicine at Brigham and Women's Hospital in Boston. 

Timothy O’Connor Executive Vice President; Chief Financial Officer; Treasurer

Timothy O’Connor is executive vice president, chief financial officer and treasurer of Lahey Hospital & Medical Center and its affiliates. Prior to being named chief financial officer in July 1995, O’Connor was director of finance at Lahey Clinic. When he joined Lahey in 1993, he had 15 years of experience in healthcare financial management, having worked at North Shore Medical Center in Salem, Mass., and Lynn Hospital and Union Hospital, both in Lynn, Mass.

In his role, O'Connor is responsible for providing insight to the continued development, implementation and success of the organization's strategic imperatives; administering the organization's finance functions; and providing financial advice and support to the operations of the organization's business units.

A native of Massachusetts, O’Connor is a graduate of Salem State College and holds a Bachelor of Science degree in business administration, with a concentration in accounting. He also holds a teaching certification in business education.

Currently, O’Connor serves on the Board of the Massachusetts Health and Educational Facilities Authority (MHEFA), the Board of Managers of the New England Healthcare EDI Network (NEHEN), the Committee on Finance of the Massachusetts Hospital Association (MHA), the Chief Financial Officers Council of the American Medical Group Association (AMGA) and the Chief Financial Officers Council of VHA-New England. He is a member of the Healthcare Financial Management Association (HFMA), the Healthcare Information and Management Systems Society (HIMSS), and the American Medical Group Association (AMGA). 

Don Snell Executive Vice President, Chief Operating Officer

Don Snell provides oversight for ambulatory clinics, hospitals and community group practices. Snell most recently served as president and chief executive officer of MCG Health, Inc., in Augusta, Georgia. In his role, he was responsible for overseeing an academic medical center comprising a 483-bed adult hospital, 149-bed children’s medical center, ambulatory care center with 80 clinics, 110 off-site ambulatory care centers and the Georgia Radiation Therapy Center.
Prior to his role at MCG Health, Inc., he was the president and CEO of the Long Island College Hospital (LICH) In the mid-1990s, Snell served in several roles within the University of Pennsylvania Health System, including executive director/chief operating officer and chief executive officer for two hospitals.He also successfully led day-to-day operations at Grady Health System/The Fulton Dekalb Hospital Authority in Atlanta, Georgia, and Detroit Medical Center Hutzel Hospital. He has a Master of Arts in Health Care Administration from the George Washington University.

Dr. Mary Anna Sullivan MD Chief Quality and Safety Officer; Chair, Department of Psychiatry and Behavioral Medicine Mary Anna Sullivan, MD, has oversight for quality and safety programs, including patient safety, environment of care and performance improvement. She partners with the vice president of quality and safety to serve as the clinical conscience of the organization and helps ensure that Lahey is providing the highest quality and safest care possible.

In addition to these duties, Dr. Sullivan also serves as chair of the Department of Psychiatry and Behavioral Medicine. She also currently serves as the CMO for Lahey Medical Center, Peabody.
 
A clinical assistant professor at Tufts University School of Medicine, Dr. Sullivan serves as a psychiatrist at Lahey Hospital & Medical Center, specializing in consultation-liaison psychiatry as well as psychiatry in primary care.

A graduate of Columbia University College of Physicians and Surgeons in New York, Dr. Sullivan is board certified by the American Board of Psychiatry and Neurology and was chief resident in psychiatry at Brigham and Women’s Hospital from 1984 to 1985, joining Lahey in 1986.

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 4,116
Number of Part Time Staff 1,891
Number of Volunteers 180
Number of Contract Staff 225
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 0
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 4,554
Male: 1,453
Not Specified 225

Plans & Policies

Organization has Fundraising Plan? No
Organization has Strategic Plan? No
Years Strategic Plan Considers --
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? No
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mrs. Ann Marie Connolly
Board Chair Company Affiliation Former, Special Assistant to the President, Emmanuel College
Board Chair Term Feb 2013 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mrs. Carolyn Ain Independent philanthropy professional --
Dr. Eric Bailey NeuroLogica Corporation --
Mr. Craig R. Benson Former Governor, State of New Hampshire --
Dr. Joseph C. Corkery Lahey Hospital & Medical Center --
Dr. Betsey Crawford Lahey Hospital & Medical Center --
Dr. Richard S. D'Agostino Lahey Hospital & Medical Center --
Mrs. Jane C. Edmonds Northeastern University --
Mr. Edward Eskandarian Former CEO, Arnold Worldwide --
Dr. Howard Grant Lahey Health --
Mr. James D. Irving J.D. Irving, Ltd. --
Dr. Roger L. Jenkins Lahey Hospital & Medical Center --
Dr. John A. Libertino Lahey Hospital & Medical Center --
Mrs. Deborah McKenna Community member --
Dr. Arthur P. Mourtzinos Lahey Hospital & Medical Center --
Dr. Richard W. Nesto Lahey Hospital & Medical Center --
Mr. J. William Poduska Retired CEO, Apollo Computer --
Mr. Windle B. Priem Kom/Ferry International --
Dr. Andrew G. Villanueva Lahey Hospital & Medical Center --
Mr. David Wajsgras Raytheon --
Dr. Rebecca C. Yang Lahey Hospital & Medical Center --

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 0
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 6
Male: 15
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 81%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

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CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2011 (%)

Expense Breakdown 2010 (%)

Expense Breakdown 2009 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2011 2010 2009
Total Revenue $760,694,538 $701,387,803 $680,297,517
Total Expenses $695,603,065 $667,902,540 $636,790,964

Prior Three Years Revenue Sources

Fiscal Year 2011 2010 2009
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions -- -- --
Indirect Public Support -- -- --
Earned Revenue $759,111,902 $699,883,443 $679,952,780
Investment Income, Net of Losses $51,005 $126,264 $98,957
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other $1,531,631 $1,378,096 $245,780

Prior Three Years Expense Allocations

Fiscal Year 2011 2010 2009
Program Expense $565,662,733 $541,692,284 $516,153,586
Administration Expense $129,940,332 $126,143,559 $120,571,420
Fundraising Expense $0 $66,697 $65,958
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.09 1.05 1.07
Program Expense/Total Expenses 81% 81% 81%
Fundraising Expense/Contributed Revenue 0% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2011 2010 2009
Total Assets $310,851,110 $246,798,315 $222,483,681
Current Assets $282,903,645 $192,104,504 $175,518,014
Long-Term Liabilities $25,398,150 $25,547,476 $26,219,671
Current Liabilities $349,348,677 $299,783,419 $304,063,745
Total Net Assets $-63,895,717 $-78,532,580 $-107,799,735

Prior Three Years Top Three Funding Sources

Fiscal Year 2011 2010 2009
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $64,800,000.00
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2011 2010 2009
Current Ratio: Current Assets/Current Liabilities 0.81 0.64 0.58

Long Term Solvency

Fiscal Year 2011 2010 2009
Long-term Liabilities/Total Assets 8% 10% 12%

CEO/Executive Director/Board Comments

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Foundation Comments

Financial summary data in charts and graphs above is per the Lahey Clinic Hospital Inc.'s IRS Form 990s (EIN 04-2704686). Typically, per the organization, all major contributions and grants are directed to the Lahey Clinic Foundation, Inc. which is a 501(c)(3) Public Charity with the EIN 04-2323457. Further detail concerning the Lahey Clinic Foundation can be found in the Audits posted above.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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