Maimonides Medical Center Revenue Zoominfo

Maimonides Medical Center is a large nonprofit hospital in Brooklyn, New York, with a complex financial profile. Its revenue numbers are reported in a variety of sources and sometimes vary depending on what types of revenue are included. Revenue is used along with expenses to understand the hospital’s financial health, ability to serve its community, and to plan for the future. Below are details, estimates, and recent financial performance based on available data.

Revenue Figures from Public Sources

Based on the most recent Form 990 tax filings and data for the fiscal year ending December 2023, Maimonides Medical Center reported total revenues of $1,624,220,953. contentReference[oaicite0] Expenses in that same period were slightly higher, about $1,657,430,423, resulting in a net operating loss. contentReference[oaicite1]

Another more expansive figure comes from hospital financial profile data which includes patient and non-patient related revenues. One report lists Gross Patient Revenue at almost $4.961 billion, and Total Revenue close to $4.9376 billion. This larger number reflects many components of a large hospital operation, though net income under that profile showed a loss. contentReference[oaicite2]

Estimated Revenue According to Third-Party Databases

Estimates from business directories and company information sites give somewhat different figures. For example, one site (Growjo) estimates annual revenue to be $4 billion per year. contentReference[oaicite3] Another source provides a range of $500 million to $1 billion in revenue. That discrepancy may be due to different definitions of revenue (whether gross patient revenue, net patient service revenue, total operating revenue, etc.). contentReference[oaicite4]

Why the Differences Exist

• Scope of Revenue ConsideredSome reports include all charges billed (gross patient revenue), others focus only on payments received (net revenue), or include grants, donations, and non-patient services. That can lead to large discrepancies.
• Time PeriodsSome figures are annual totals for full fiscal years (like calendar year 2023); others may be projections, estimates, or partial year reports.
• Inclusions of Non-Operating IncomeRevenues from investments, contributions, government grants, and subsidies may or may not be included, depending on source. These non-operating items can be substantial for nonprofit hospitals.
• Losses and ExpensesEven with high revenue, expenses (operating costs, salaries, supplies, maintenance, etc.) may cause net losses. An entity’s financial strength depends as much on expense control as revenue generation.

Recent Trends in Financial Performance

In 2023, total revenue for Maimonides Medical Center rose approximately 11.9% compared to 2022, going from around $1.451 billion in 2022 to about $1.624 billion in 2023. contentReference[oaicite5] The revenue increase was driven largely by program services (medical care, hospital services) which rose about 6.7%. Contributions and investment income also contributed, though in smaller proportions. contentReference[oaicite6] Despite revenue growth, expenses increased too, and the hospital reported a net operating loss for that fiscal year. contentReference[oaicite7]

For example, in the second quarter of a recent year, Maimonides had operating revenue of around $410 million from its services and hospital operations, but expenses were about $462 million, resulting in a substantial operating loss. contentReference[oaicite8] That same period also saw increases in other revenue sources (grants, government aid) which helped to partially offset losses though not completely reversing them. contentReference[oaicite9]

Revenue Sources Breakdown

The revenue of Maimonides Medical Center comes from a mix of sources

• Program Services / Patient Care RevenueThe bulk of income comes from medical services, inpatient and outpatient care, surgeries, emergency services. This is the largest source. contentReference[oaicite10]
• Contributions, Grants, Charitable GivingPhilanthropy and government grants also contribute. In 2023, contributions were over $97 million. contentReference[oaicite11]
• Investment and Other IncomeSmaller but growing components, including investment income, miscellaneous revenues. contentReference[oaicite12]
• Government Aid / Safety Net FundsAs a hospital serving many patients on Medicaid or public insurance, Maimonides depends partially on state/federal programs and supplemental funds to help bridge underpayment gaps. contentReference[oaicite13]

What ZoomInfo Might Report or Estimate

ZoomInfo is a business intelligence platform that aggregates data from many sources, including public filings, estimates, and third-party reports. When ZoomInfo reports revenue for an organization like Maimonides Medical Center, it may use estimates that draw from similar databases (like Growjo, financial filings, nonprofits’ tax forms), possibly combining gross revenue, service revenue, and revenue per employee data. This means ZoomInfo’s estimate might differ significantly from audited financial statements.

If someone looks up Maimonides Medical Center revenue ZoomInfo, they should expect the number to be approximate, possibly higher or lower than audited values, depending on what revenue categories are included, how recent the data are, and what sources are used.

Implications of the Revenue Situation

The revenue information has several consequences for stakeholders

• For ManagementNeed to manage costs more tightly, especially labor, supplies, and overhead. While revenue growth is positive, increasing expenses can negate profit. Maintaining financial sustainability is a challenge without operating surplus.
• For Patients and CommunityAs a nonprofit safety-net hospital, Maimonides serves many low-income patients. Limitations or losses could impact services, staffing, availability of subsidized care, and charity programs.
• For Funders and DonorsSeeing operating losses may encourage increased philanthropic support or grants to support community and health equity mission.
• For Policy MakersHelps highlight how public funding, reimbursement rates (Medicaid / Medicare), and government aid affect hospital viability. Policies around reimbursement, safety net support, and regulatory cost structures matter.

Maimonides Medical Center has substantial revenue and is a major health system in Brooklyn. Audited filings show revenue of about $1.624 billion in 2023, with higher reported gross revenue in other reports when including all patient charges. However, the hospital is experiencing operating losses due to high expenses. Estimates from business intelligence platforms may claim revenue figures up to $4 billion, but these should be interpreted carefully, noting what revenue is included and how current the data are. Overall, revenue growth is promising, but cost control and sustainable reimbursement remain key for future financial health.

contentReference[oaicite14]