Cause IQ organization profile

Reading Health System

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Reading Health System is a general hospital based in Reading, PA that was founded in 1869. As of 2018 they had $986 million in revenue and $911 million in assets.

Reading Health System provides a continuum of care and services from prevention and education to the latest clinical services.

Previous legal names or variations of their name include: Reading Hospital.

EIN:
23-1352204
City:
State:
Website:
Phone:
484-628-8000
Facebook:
Twitter:
Founded:
1869
Type:
501(c)(3)
NTEE:
Revenue:
$986,682,160
Assets:
$911,411,555
Employees:
6,785
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at Reading Health System

Operating room - 18,346 total surgeries Reading Hospital operates in a market served by nearly 20 specialty, investor-owned facilities, which carve out the best paying insurance plans, the highest margin procedures, and the least complicated patients to serve. By continuing to provide a full service surgical service, rh offers the most advanced surgical options, from robotic assisted, minimally invasive surgery to a full spectrum of outpatient surgical options. And to ensure our community has access to surgical specialities that may be experiencing shortages elsewhere in the country. Rh supports its surgeons in their fellowship training and recruits and retains surgeons in areas like plastic surgery - available only during limited hours or not at all, in other hospitals in its market.

Pharmacy - 8,723,797 drugs dispensed rh provides access to needed prescriptions for those patients who cannot afford their medication. Each month rh absorbs the cost of prescription medication for patients of rh with no prescription coverage. Rh recognizes the important role of patient compliance with their treatment, including taking medication as prescribed, and recognizes that patients without the ability to pay for those medications will simply not comply. To ensure optimal patient health and the best patient outcomes, rh absorbs the costs of these medications as part of our exempt purpose in our community.

Emergency care - 135,729 emergency room visits rh emergency department provides emergency, urgent and primary care services to our community "24/7/365," regardless of ability to pay. Volume to rh emergency department ranks it among the top three in the state of Pennsylvania year after year. As the area's only accredited trauma center, rh also provides immediate access through its emergency department to all specialty services, from trauma surgeons to plastic surgeons, and all areas of sepciality care. In addition to its trauma certification, rh is the only Hospital in the region to have made a commitment to accrediated care in stroke and chest pain. Following the relocation of the other Hospital in the city to a new suburban campus, rh is fulfilling its committment to serve the underserved population of the city.

Form 990s for Reading Health System

Fiscal year endingDate received by IRSFormPDF link
2018-06Jul 23, 2019990View PDF
2017-06May 14, 2018990View PDF
2016-06Oct 6, 2017990View PDF
2015-06Jul 25, 2016990View PDF
2014-06May 14, 2015990View PDF
...and five more Form 990 PDFs

Financials for Reading Health System

Field2018
Total grants, contributions, etc.$4,633,650
Program services$954,357,026
Investment income and dividends$371,894
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$5,027,593
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$22,291,997
Total revenues$986,682,160

Vendors for Reading Health System

VendorServicesAmount paidDate
Alliant Insurance ServicesInsurance agent or broker$23,9302019-12-31
██████ ████████ ██ ███████Insurance2019-12-31
█████ ██████ ██ ████████████Insurance2019-12-31
███████ █████████ █████████ ███████Insurance2019-12-31
████████ █████████ ███████████Insurance2019-12-31
███████ █████████ █████████ ████Insurance agent or broker$32,1232019-12-31
████ ███Audit accounting2019-10-10
██████████████████████ ███Tax accounting2019-04-30
...and five more vendors

Personnel at Reading Health System

NameTitleCompensationMost recent data
Clint MatthewsPresident and Chief Executive Officer$2.0 millionJune 30, 2018
Dan AhernExecutive Vice President Business Development$719,763June 30, 2018
█████ █ ██████Vice President$385,682June 30, 2018
██████ █████Director of Tax and Grants-Oct. 12, 2019
████ █ ██████Executive Vice President Chief Financial Officer$793,626June 20, 2019
█ ██████ ████Vice Chairman$0June 30, 2018
████ ████████Executive Vice President Chief Marketing Officer$806,149June 30, 2018
█████ ██ ██████Chairman$0June 30, 2018
███████ ██████Execytuve Vice President Chief Operating Officer$972,078June 30, 2018
███████ █ █████Former Chief Financial Officer$863,479June 30, 2016
...and two more key personnel

Peer general hospitals

 NameTypeRevenueLocation
1Geisinger Community Medical Center501(c)(3)$314 millionDanville, PA
2Abington Hospital - Jefferson Health501(c)(3)$840 millionAbington, PA
3UPMC Altoona501(c)(3)$394 millionAltoona, PA
4Mercy Catholic Medical Center of Southeastern Pennsylvania501(c)(3)$365 millionConshohocken, PA
5Butler Memorial Hospital (BHS)501(c)(3)$297 millionButler, PA
6Temple University Hospital (TUH)501(c)(3)$1.1 billionPhiladelphia, PA
7Mount Nittany Medical Center501(c)(3)$418 millionState College, PA
8Chester County Hospital501(c)(3)$333 millionWest Chester, PA
9Lancaster General Health Penn Medicine (LGH)501(c)(3)$1.0 billionLancaster, PA
10The Williamsport Hospital501(c)(3)$351 millionWilliamsport, PA
11Lehigh Valley Hospital501(c)(3)$1.6 billionAllentown, PA
12Heritage Valley Sewickley and Heritage Valley Beaver501(c)(3)$374 millionSewickley, PA
13Pennsylvania Hospital of the University of Pennsylvania Health System501(c)(3)$657 millionPhiladelphia, PA
14Lehigh Valley Hospital-Muhlenberg501(c)(3)$300 millionAllentown, PA
15Jefferson Health - Northeast501(c)(3)$467 millionPhiladelphia, PA
16Thomas Jefferson University Hospital501(c)(3)$1.8 billionPhiladelphia, PA
17Robert Packer Hospital501(c)(3)$355 millionSayre, PA
18Perelman School of Medicine at the University of Pennsylvania501(c)(3)$783 millionPhiladelphia, PA
19Sutter Medical Center Castro Valley501(c)(3)$341 millionSacramento, CA
20University of Chicago Medicine501(c)(3)$1.9 billionChicago, IL
21Western Maryland Health System Corp (WMHS)501(c)(3)$341 millionCumberland, MD
22St Alexius Medical Center501(c)(3)$352 millionHoffman Estates, IL
23Huntington Hospital501(c)(3)$454 millionWestbury, NY
24Advocate Condell Medical Center501(c)(3)$474 millionDowners Grove, IL
25The Medical Center Navicent Health501(c)(3)$703 millionMacon, GA