Newton-Wellesley Hospital Comprehensive Profile
Executive Leadership
- Ellen Moloney: President and Chief Operating Officer. Moloney, the first female president of Newton-Wellesley Hospital, ascended to her current role in March 2023 after serving as COO since 2014. She began her career as a medical technologist and holds a degree from Bentley University - McCallum Graduate School of Business.
- Vincent McDermott: Senior Vice President of Finance & Chief Financial Officer. Responsible for directing financial operations and strategies at the hospital.
- Katie Connolly: Chief Development Officer. Specializes in fundraising initiatives, having successfully raised over $11.4 million in 2023. Her role supports the hospital's growth and financial sustainability.
- Joan Archer: Vice President for Development. Manages and oversees development operations in alignment with organizational financial strategies.
- Wendy Gordon: Interim Director of Human Resources. Brings over 20 years of HR experience in healthcare, focusing on aligning human resource functions with the hospital's goals.
- Katina McKinney: Vice President, Human Resources. Plays a pivotal role in steering HR policies in coordination with hospital growth.
- Julé Frechette: Regional Vice President of Operations for Newton-Wellesley Medical Group. Oversees the operations ensuring the delivery of high-quality medical services.
- Steve Pestka: Chief of the Division of Adult Inpatient Medicine. Directs medical inpatient strategies and operations.
- John Looney: Vice President, Marketing, Communications and Public Affairs. Responsible for maintaining and enhancing the hospital's public profile.
Financial Overview
Newton-Wellesley Hospital, operating under the Partners HealthCare network, boasts a sound financial position. The hospital reported:
- Gross Patient Revenue: $2,068,757,310
- Total Revenue: $2,091,860,803
- Estimated Annual Revenue: Approximately $1.2 billion
- Revenue Per Employee: $378,000
- Total Employees: 3,291 with a 5% employee growth rate over the past year
These figures reflect the hospital's ability to leverage its resources efficiently, maintaining financial stability and sustaining growth through strategic development efforts.
Services and Specialties
Newton-Wellesley Hospital offers an array of comprehensive medical services:
- Cardiology
- Endocrinology
- Gastroenterology
- General and GI surgery
- Medical, surgical, obstetrics and gynecology, cardiovascular, emergency, and orthopedic care
As part of the Partners HealthCare network, including affiliations with Massachusetts General Hospital and Brigham and Women's Hospital, the hospital provides both community-based medicine and advanced sub-specialty care.
Recent Developments and Strategic Insights
The hospital's recent recognition by Newsweek as one of America's Best Cancer and Neurological Hospitals underscores its clinical care quality. Successful labor negotiations with MNA nurses to prevent a potential strike further signify the hospital's commitment to a respectful work environment and patient safety.
Competitor Profiling
Key Competitors
1. Northeast Endoscopy Center
- Revenue: $6.7M
- Employees: 31
- Growth: 15%
2. Child and Family Services
- Revenue: $159.6M
- Employees: 473
- Growth: -32%
3. Steppingstone Incorporated
- Revenue: $16.3M
- Employees: 67
- Growth: 8%
4. Comfort Home Care LLC
- Revenue: $71M
- Employees: 239
- Growth: 7%
These competitors, while smaller in revenue and employee count, operate in specialized markets, providing endoscopic procedures, mental health, family services, and home care. Understanding their strategic positions could aid Newton-Wellesley Hospital in expanding service lines or partnerships for market leadership reinforcement.
Strategic Insights
Newton-Wellesley Hospital's robust financials and expansive service offerings make it a leading force in the healthcare sector. Its competitive advantage stems from strategic alignments within the Partners HealthCare network and comprehensive care delivery. Continued focus on quality care and strategic partnerships will enhance the hospital's competitive stance in the regional healthcare market.
