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Partners Healthcare System, Inc.

 800 Boylston Street, Suite 1150
 Boston, MA 02199
[P] (617) 278-1000
[F] --
http://www.partners.org
rsmith12@partners.org
Rachel Smith
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INCORPORATED: 1994
 Printable Profile (Summary / Full)
EIN 04-3230035

LAST UPDATED: 06/02/2014
Organization DBA Partners HealthCare
Partners
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

Partners is committed to serving the community. We are dedicated to enhancing patient care, teaching and research, and to taking a leadership role as an integrated health care system. We recognize that increasing value and continuously improving quality are essential to maintaining excellence.

Mission Statement

Partners is committed to serving the community. We are dedicated to enhancing patient care, teaching and research, and to taking a leadership role as an integrated health care system. We recognize that increasing value and continuously improving quality are essential to maintaining excellence.


FinancialsMORE »

Fiscal Year Oct 01, 2012 to Sept 30, 2013
Projected Income $9,636,630,380.00
Projected Expense $9,131,545,261.00

ProgramsMORE »

  • Kraft Center for Community Health

Revenue vs. Expense ($000s)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Expense Breakdown 2010 (%)

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


Overview

Mission Statement

Partners is committed to serving the community. We are dedicated to enhancing patient care, teaching and research, and to taking a leadership role as an integrated health care system. We recognize that increasing value and continuously improving quality are essential to maintaining excellence.


Background Statement

Partners HealthCare, located in Boston, is an integrated health system founded by Brigham and Women’s Hospital and Massachusetts General Hospital. In addition to its two academic medical centers, the Partners system also includes community and specialty hospitals, community health centers, a physician network, home health and long-term care services, and other health-related entities.

 

Brigham and Women’s Hospital and Massachusetts General Hospital, Partners’ two academic teaching centers, are internationally known for quality patient care and are the only two hospitals in New England to be ranked in U.S. News & World Report’s Honor Roll of America’s Best Hospitals.

 

Partners is one of the nation’s leading biomedical research organizations and a principal teaching affiliate of Harvard Medical School. Since its inception, it has been the largest hospital and second largest non-university recipient of research funding from the National Institutes of Health. Partners is a $1 billion research enterprise and the home of more than 5,000 research personnel.

 

A non-profit organization, Partners makes the largest commitment to the community of any other health care provider in Massachusetts. In 2010, the organization invested $186 million in the neighborhoods it serves. Working with 21 licensed and affiliated health centers, Partners cares for more than 350,000 patients. The Community Health team leads the organization-wide community commitment with a strong focus on enhancing access to health care; increasing economic opportunities for young people, community residents, and current employees; and improving the health of communities through prevention initiatives and addressing long standing health disparities.  


Impact Statement

Recent accomplishments and impact include:
Partners was selected by the federal government to administer a new care model for Medicare patients called an Accountable Care Organization. Partners is one of only 32 organizations in the country chosen as a “Pioneer ACO,” aimed at reducing costs while improving care.
 
Partners began eCare, a new, fully-integrated system that will provide a single, complete and up-to-date electronic record for all Partners patients and providers. When fully in place, Partners eCare will enable a seamless flow of clinical and administrative information, reduce duplication of services, and avoid unnecessary tests – while assuring quality, safety, and access.
 
The union of Partners and Neighborhood Health Plan (NHP) represents a new and innovative opportunity to ensure access to the delivery of the highest quality, culturally competent, compassionate care. Teaming up with NHP and the Massachusetts League of Community Health Centers, Partners is distributing up to $90 million in grants over the next 15 years to statewide community health centers. The Partnership for Community Health will provide the health centers access to long-term resources as they continue to develop new, sustainable ways of caring for patients in vulnerable communities.
 
Partners and the Kraft Family Center for Leadership and Training in Community Health have teamed up to address the primary care physician shortage in low-income communities. The goal is to build a strong workforce of talented, compassionate physicians and nurses dedicated to improving community health.
 
Partners hospitals are continuing their commitment to strengthening Boston’s health care workforce by awarding scholarships to 400 students in BWH’s Student Success Jobs Program and the MGH Bicentennial Scholars program. The students chosen have demonstrated an interest in science and medicine, and aim to pursue health careers.

Needs Statement

Partners’s most pressing needs include:

The Kraft Center for Community Health – to develop new leadership in community health and find ways to reduce and eliminate health disparities.

 

Population Health Management – to develop strategies and implement tactics that are recognized as being effective in enhancing health care quality while reducing costs.
 
Community Health – 
  • to increase access to quality care regardless of patients’ ability to pay, insurance status, or other potential barriers to care;
  • to provide effective, coordinated, and measurable local support to address and prevent socio-medical problems that face our communities; and
  • to create training and development opportunities for people in the communities we serve, building the health care workforce of the future, and recognizing the well-established link between educational attainment and health status later in life.

CEO Statement

Partners HealthCare is one of the premier health systems in the country – founded by Brigham and Women’s and Massachusetts General Hospitals. Our mission is to deliver the best care possible to our patients and their families, to search for cures that can improve that care and to invest in the education of the next generation of leaders who will carry forward the lessons we have learned. 

All of this is in service to the communities we touch every day, whether they are local or around the world. 

Partners care teams have a relentless focus on excellence.  We are continually exploring ways to improve the quality, safety, and efficiency of the care we provide. This includes the use of electronic medical records and computerized drug ordering – two examples that lead to better outcomes, at a lower cost.  At the same time, Partners’ scientists have pioneered advances in medicine leading to new and better treatments.
 
Today, Partners hospitals are working together to create solutions to health care’s pressing challenges. As a health system that provides a full range of services from primary and specialty care to hospital care, rehabilitation and home care, our teams are making strides on improving quality and reducing costs. Over the coming months you will hear more about the results of this work.  

And while we focus on our patients and families in our hospitals, we never lose sight of the needs of our communities. Locally, we are connecting with our neighbors to help build tomorrow’s health care workforce, to improve health through prevention, and to enhance access to care. Globally, our physicians, nurses and care teams serve the needs of some of the poorest countries in the world, not just in times of crisis, but every day.

And as the region’s largest private employer and a major supporter of the local life sciences industry, Partners HealthCare is proud to play a vital role in the economic health of our local community too, a responsibility we take very seriously. 

This is our mission – to stand up and make a difference. Partners HealthCare is ready to accept the challenge and deliver on all that we have promised to our patients, our employees and the communities we serve.


Board Chair Statement

THE WORD COMMITMENT IS POWERFUL AND AFFIRMING.
We know its definition as a pledge, a promise. The meaning of the word commitment for our Partners HealthCare community speaks to a dedication to our mission, our patients, their families and all the communities we serve.
 
Commitment reinforces an acceptance of responsibility, a responsibility to be a leader always driving to innovate and improve. At Partners we are embracing this leadership role as we commit ourselves to providing the highest-quality health care that is affordable and accessible. We are partnering at the federal and state level with legislative and policy leaders and with our local business community, consumer advocates and insurers to find new ways to improve the health care delivery system.
 
The best of times are ahead of us, as are the greatest challenges. With an uncompromising commitment to help those in need, the 60,000 men and women of Partners HealthCare – the doctors, nurses, caregivers, researchers, educators, support teams and administrators – will have the opportunity to carve a path that will guide, support and advance our mission for generations to come.

Geographic Area Served

Cape and Islands Region
Greater Boston Region-All Neighborhoods
Metrowest Region
Northeast Massachusetts Region
Southeast Massachusetts Region
NATIONAL
INTERNATIONAL

Partners affiliates and programs directly serve Boston and its communities, eastern Massachusetts and New England.  Patners affiliates help patients and train caregivers from around the world.  Partners global health programs directly serve people in many countries and regions.

Organization Categories

  1. Health Care - Community Health Systems
  2. Medical Research -
  3. Education -

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

Under Development

Programs

Kraft Center for Community Health

The Kraft Center for Community Health was established in 2011 to expand access to high quality, cost effective health care for low-and moderate-income individuals and families. The goal is to build a strong workforce of talented, compassionate physicians and nurses dedicated to improving community health. In 2012, the Kraft Center launched two programs. The Kraft Fellowship is aimed at young physicians just out of residency and is designed to help them become recognized physician-leaders committed to tackling health inequality at the patient care, policy, management and/or research level. The Kraft Practitioner Program assists talented doctors and nurses already working in community health centers to become leaders in their organization and role models for future generations of physicians and nurses. Both programs offer loan-repayment assistance; in exchange, participants make commitments to work in a community health center, and to seek innovative ways to reduce health inequities.
Budget  $3,000,000.00
Category  Health Care, General/Other Patient Care/Health Care Delivery
Population Served People/Families of People with Health Conditions Poor,Economically Disadvantaged,Indigent At-Risk Populations
Program Short-Term Success 
In the near-term, Kraft Fellows and Practitioners are providing healthcare and offering wellness programs to disadvantaged populations in Boston, Brockton, Chelsea, Dorchester, Jamaica Plain, Lawrence, Lynn, Roxbury, and South Boston. They have worked with a mentor to develop an independent scholarly project to improve the quality and/or delivery of care to patients in their community. Examples include:

·        Empowering youth to make healthier choices around weight loss and activity;

·        Integrating a substance abuse screening and treatment model;

·        Identifying and treating children with serious emotional disturbance;

·        Using text messaging to support patients’ self management of their diabetes;

·        Improving adolescents’ access to preventive and behavioral services;

·        Decreasing opiate abuse;

·        Improving pregnancy outcomes for Black and Latina women;

·        Promoting walking and students’ physical activity in a school;

·        Implementing an addictions care program for the homeless.

Program Long-Term Success 
For long-term success, the Kraft Center intends to:
  • Create compelling new career paths for outstanding physicians and nurses that blend the best of the academic and community health worlds.
  • Create and disseminate an array of innovative leadership and training materials targeted specifically to the field of community health.
  • Bring about important new synergies between health care scholarship and practice in the context of underserved communities.
  • Serve and become recognized as a leading resource for community health centers and other community-based practice sites nationwide.
  • Replicate its programs in cities throughout the country.

In accomplishing these goals, the Kraft Center will be a significant part of the solution to providing access to high-quality health care for the nation’s underserved and most vulnerable populations. 

Program Success Monitored By 
Success is monitored by executive director Derri Shtasel, other Kraft Center leaders, Partners HealthCare leadership, and members of the community health field.
Examples of Program Success 
TBD

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Dr. Gary L. Gottlieb M.D.
CEO Term Start Dec 2010
CEO Email ggottlieb@partners.org
CEO Experience --
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
Joseph D. Alviani VP, Government Affairs --
Sara Andrews Chief Development Officer --
Peter R. Brown Chief of Staff --
Andrew Chase Vice President, Research --
Dennis D. Colling Vice President, Human Resources --
Rich Copp Vice President, Communications --
Lynne J. Eickholt Chief Strategy Officer --
Timothy G. Ferris M.D. -- --
Matthew E. Fishman Vice President, Community Health --
Tejal K. Gandhi M.D., M.P.H. Chief Quality and Safety Officer --
Brent L. Henry Esq. Vice President and General Counsel --
Michael S. Jellinek M.D. Chief of Clinical Affairs --
Sheridan L. Kassirer Vice President, Quality Management and Clinical Programs --
Anne Klibanski M.D. Chief Academic Officer --
Peter K. Markell Executive Vice President or Administration and Finance, Chief Financial Officer and Treasurer --
David McGuire Vice President, System Contracting and Contract Finance --
Elizabeth Mort M.D., M.P.H. Senior Medical Director --
James Noga Chief Information Officer --
Debra Sloan Vice President, Treasury Services --
David E. Storto Vice President, Non-Acute Care Services --
Debra F. Weinstein M.D. Vice President, Graduate Medical Education --
Kathryn E. West Vice President, Real Estate and Facilities --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
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 37,290
Number of Part Time Staff 25,195
Number of Volunteers 0
Number of Contract Staff 0
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: 62,495
Other (if specified): 0
Gender Female: 0
Male: 0
Not Specified 62,485

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
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? Yes
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 Mr. Edward P. Lawrence Esquire
Board Chair Company Affiliation Ropes & Gray
Board Chair Term July 2011 - 2013
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Nesli Basgoz M.D. Brigham and Women's Hospital --
Anne M. Finucane Bank of America --
Charles K. Gifford Bank of America --
Gary L. Gottlieb M.D. Partners HealthCare Exofficio
Richard E. Holbrook Eastern Bank --
Albert A. Holman III Chestnut Partners, Inc. --
Jay O. Light Ph.D Harvard Business School --
Joseph Loscalzo M.D. Brigham and Women's Hospital --
Jim Manzi Place holder --
Maury E. McGough M.D. North Shore Health System --
Carol C. McMullen Placeholder --
Cathy E. Minehan Simmons College Exofficio
Scott A. Schoen Thomas H. Lee Partners --
Henri A. Termeer Placeholder --
Dorothy A. Terrell FirstCap Advisors --
Gwill York Lighthouse Capital Partners Voting

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: 1
Asian American/Pacific Islander: 0
Caucasian: 16
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 6
Male: 11
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 94%
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 2012 (%)

Expense Breakdown 2011 (%)

Expense Breakdown 2010 (%)

Fiscal Year Oct 01, 2012 to Sept 30, 2013
Projected Income $9,636,630,380.00
Projected Expense $9,131,545,261.00
Form 990s

2012 Form 990

2011 Form 990

2010 Form 990

2009 Form 990

Audit Documents

2013 Audited Financials

2012 Audited Financials

2011 Audited Financials

2010 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2012 2011 2010
Total Revenue $10,452,560,305 $744,498,139 $8,938,201,803
Total Expenses $10,000,987,212 $730,307,338 $8,706,739,691

Prior Three Years Revenue Sources

Fiscal Year 2012 2011 2010
Foundation and
Corporation Contributions
-- -- --
Government Contributions $799,670,181 $0 $344,356,350
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $799,670,181 -- $344,356,350
Individual Contributions $1,008,889,591 $18,375,908 $1,334,114,014
Indirect Public Support -- -- --
Earned Revenue $7,367,134,208 $521,379,679 $6,560,449,871
Investment Income, Net of Losses $126,011,468 $-10,859,247 $105,844,261
Membership Dues -- -- --
Special Events $15,515,997 -- $6,345,285
Revenue In-Kind -- -- --
Other $1,135,338,860 $215,601,799 $587,092,022

Prior Three Years Expense Allocations

Fiscal Year 2012 2011 2010
Program Expense $9,140,042,377 $238,005,140 $7,915,209,030
Administration Expense $814,775,676 $489,806,773 $751,813,760
Fundraising Expense $46,169,159 $2,495,425 $39,716,901
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.05 1.02 1.03
Program Expense/Total Expenses 91% 33% 91%
Fundraising Expense/Contributed Revenue 3% 14% 2%

Prior Three Years Assets and Liabilities

Fiscal Year 2012 2011 2010
Total Assets $12,595,526,775 $3,583,614,453 $10,716,096,881
Current Assets $1,649,163,485 $2,062,820,423 $1,717,243,689
Long-Term Liabilities $2,840,603,521 $2,809,670,650 $2,318,475,446
Current Liabilities $2,845,120,651 $894,960,451 $1,767,449,843
Total Net Assets $6,909,802,603 $-121,016,648 $6,630,171,592

Prior Three Years Top Three Funding Sources

Fiscal Year 2012 2011 2010
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $9,341,000,000.00
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? 2.00

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 2012 2011 2010
Current Ratio: Current Assets/Current Liabilities 0.58 2.30 0.97

Long Term Solvency

Fiscal Year 2012 2011 2010
Long-term Liabilities/Total Assets 23% 78% 22%

CEO/Executive Director/Board Comments

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Foundation Comments

Financial summary data in charts and graphs above is per the organization's IRS Form 990s.  Contributions from foundations and corporations are listed under individuals when the breakout was not available. 
 
Beginning in FY2010, as an administrative convenience for Partners HealthCare System, Inc., and the Internal Revenue Service, Partners has filed and received a group exemption 501(c )(3) letter, audited financial statements, and Form 990s for its hospitals and affiliates.

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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