BROCKTON HOSPITAL INC
Mission Statement
Signature Healthcare’s mission is to be the recognized as the "provider of choice" by staff, patients, and the community. leading community-based healthcare delivery system in Southeastern Massachusetts providing the full range of primary care, specialty care, hospital care and related ancillary services on a coordinated basis. Signature Healthcare located in one of the State’s largest low-income communities has been proudly serving one of the state’s largest penetration of low-income patient care in Massachusetts. Nearly 80% of Signature Healthcare’s patients have government insurance plans including Medicaid and Medicare that provides reimbursement at less than cost. Our belief is that all patients should have access to high quality, low cost medical care. It is our aim to be the people’s choice for that care in the Brockton area.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.9% | 87.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.1% | 12.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.2 mo | 6.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
49.2% | 44.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
55.4% | 96.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
3.9% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-6.2% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.0% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $381.8M | $297.7M | $229.0M | 90.9% | 2271 |
| 2023 | $367.3M | $317.2M | $141.1M | 92.1% | 2642 |
| 2022 | $372.3M | $361.3M | $92.7M | 93.0% | 2562 |
| 2021 | $341.3M | $324.3M | N/A | — | 2474 |
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