EIN 04-2103602

Milford Regional Medical Center

IRS 501(c) type
501(c)(3)
Num. employees
2,198
Year formed
1903
Most recent tax filings
2022-09-01
NTEE code, primary
Description
Milford Regional Medical Center is committed to providing exceptional healthcare services to our community with dignity, compassion and respect. The mission statement of Milford Regional Medical Center Inc is focused on providing quality healthcare services to the community. This commitment has been strengthened further during the pandemic, which transformed and intensified the mission of the center.
Total revenues
$279,463,994
2022
Total expenses
$272,941,906
2022
Total assets
$249,153,526
2022
Num. employees
2,198
2022

Program areas at Milford Regional Medical Center

Quality patient care is the hallmark of Milford Regional Medical Center. Part of that quality care involves assuring our patients that the hospital continues to meet and/or exceed healthcare standards. Accordingly, in 2022, The Joint Commission granted Milford Regional its re-accreditation. During the first two months of 2022, Milford Regional was once again focused on testing and treatment of COVID-19. The hospital's focus then widened from that singular mission to enhancing patient care in several new ways, including strengthening our surgical technology, opening a new, 10,000 square foot orthopedics & sports medicine facility, opening a newly constructed tandem dialysis suite within the hospital and upgrading the Hematology Department's laboratory. The Joint Commission, the nation's oldest and largest standards-setting and accrediting body in healthcare, visits hospitals across the country approximately every three years to assure that healthcare standards are being met or exceeded. The Joint Commission conducted an intense four-day visit and one-day follow-up visit to Milford Regional in 2022 and granted accreditation. The Joint Commission shined a light on both the level of and manner in which Milford Regional delivers care. As our community began 2022, the Omicron variant of COVID-19 caused another spike in cases. Milford Regional provided Drive--thru Testing from January 10 to February 23 to help contain the spread in the community and provide access to early treatment. The Milford Regional team performed 2,423 COVID tests for the community and the laboratory performed an additional 191 tests for Employee Health, bringing the total test volume to 2,614 during that time period. To help meet the growing demand for surgical services, Milford Regional added two more da Vinci XiTM Robotic systems in 2022. The da Vinci XiTM robotic system allows a surgeon to sit at a nearby console to view 3D images of the surgical site and maneuver the arms of the robotic instruments inside the body of the patient. The two additional systems are helping Milford Regional expand its minimally invasive surgical procedures while also providing optimal outcomes for patients. Milford Regional opened a newly constructed tandem dialysis suite within the Gannett inpatient unit. This allows Fresenius, the Medical Center's partner for dialysis care, to provide dialysis treatment to two patients at one time. This timely delivery of care helps avoid delays, benefiting a growing list of dialysis patients.In spring 2022, the Milford Regional Orthopedics & Sports Medicine Center opened. This 10,000-square-foot facility is a short distance from the main hospital campus in Milford. The highly credentialed and experienced team of nine providers offer orthopedic and sports medicine care for adults and children including evaluation and treatment for conditions of the musculoskeletal system, extremities, joints, muscles, tendons and ligaments. This center offers innovative treatment plans as well, including Platelet-Rich Plasma Injections (PRP) and consultations on Relative Energy Deficiency in Sport (RED-S). PRP uses a patient's own blood plasma to treat chronic injuries and pain, which eliminates the risk of side effects or reaction. RED-S is a condition of energy imbalance in athletes in which the body will steal fuel from other sources. Milford Regional's Laboratory placed hematology analyzers into service in 2022. The new analyzers introduce the most advanced technology and automation, enhancing the quality of care provided to patients. The entire Hematology Department is now automated, affording a more streamlined workflow for receiving and testing specimens. This improves consistency and reduces turn-around times on differential counts. The technology has also allowed for physical consolidation, which provides laboratory space for new methods and technologies in other departments.

Who funds Milford Regional Medical Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Milford Regional Medical Staff AssociationPhysician Stipends.$78,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$23,200
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$23,200
...and 4 more grants received

Personnel at Milford Regional Medical Center

NameTitleCompensation
Kelly Edward JPresident and Chief Executive Officer$785,705
Thyne Nicole AExecutive Vice President and Chief Operating Officer$486,021
Elizabeth CadleVice President Finance , Chief Financial Officer
Smulowitz PeterChief Medical Officer$391,653
Dr. Albert CrimaldiGastroenterology Chief
...and 11 more key personnel

Financials for Milford Regional Medical Center

RevenuesFYE 09/2022
Total grants, contributions, etc.$7,355,656
Program services$254,895,392
Investment income and dividends$2,010,842
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,270,893
Net income from fundraising events$-54,196
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$11,985,407
Total revenues$279,463,994

Form 990s for Milford Regional Medical Center

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-14990View PDF
2021-092022-08-12990View PDF
2020-092021-09-03990View PDF
2019-092020-10-02990View PDF
2018-092019-10-11990View PDF
...and 9 more Form 990s

Organizations like Milford Regional Medical Center

OrganizationLocationRevenue
Cape Regional Medical CenterCape May Court House, NJ$139,824,806
Phelps Memorial Hospital CenterWestbury, NY$402,953,212
Kent HospitalProvidence, RI$601,092,922
Greater Baltimore Medical Center (GBMC)Baltimore, MD$611,564,381
Lawrence Memorial HospitalNew London, CT$461,794,793
White Plains Hospital (WPH)White Plains, NY$917,849,600
Southcoast HealthNew Bedford, MA$1,019,838,643
St Vincent's Medical Center / SVMC Holdings IncBridgeport, CT$538,205,339
Rutland Regional Medical Center (RRMC)Rutland, VT$336,286,326
St John's Riverside HospitalYonkers, NY$331,397,889
Data update history
March 12, 2024
Updated personnel
Identified 1 new personnel
November 26, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from SBLI Legacy Foundation
October 10, 2023
Updated personnel
Identified 5 new personnel
October 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 28, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
HospitalsHealth organizationsHeadquarter / parent organizations
Issues
Health
Characteristics
LobbyingFundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
14 Prospect St
Milford, MA 01757
Metro area
Worcester, MA-CT
County
Worcester County, MA
Website URL
milfordregional.org/ 
Phone
(508) 473-1190
Facebook page
MilfordRegionalMedicalCenter 
Twitter profile
@milfordregional 
IRS details
EIN
04-2103602
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1903
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E22: Hospital, General
NAICS code, primary
622: Hospitals
Parent/child status
Central organization
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