Signature Healthcare Company Profile

Background

Overview

Signature Healthcare is a not-for-profit, integrated healthcare system based in Brockton, Massachusetts, serving Southeastern Massachusetts. Established in 1896 as Brockton Hospital, the organization has evolved into a comprehensive provider of medical services, including primary care, specialty care, hospital care, and related ancillary services. Signature Healthcare comprises the 216-bed Signature Healthcare Brockton Hospital, Signature Medical Group with over 150 physicians across multiple ambulatory locations, and the Brockton Hospital School of Nursing.

Mission and Vision

The mission of Signature Healthcare is to be the leading community-based healthcare delivery system in Southeastern Massachusetts, providing a full range of coordinated services. The organization strives to be recognized as the "provider of choice" by staff, patients, and the community.

Key Strategic Focus

Integrated Healthcare Delivery

Signature Healthcare emphasizes an integrated approach to healthcare, bringing together hospitals, healthcare providers, and community medical offices to create a seamless patient experience. This model aims to improve care quality, reduce costs, and enhance patient access to necessary services.

Community Engagement

The organization is committed to addressing the social determinants of health by collaborating with various community organizations and initiatives to improve the overall well-being of the populations it serves.

Financials and Funding

Revenue and Assets

As of the fiscal year ending September 2023, Signature Healthcare reported revenue of approximately $6.84 million and total assets of $10.3 million.

Funding History

The organization has raised a total of $150,000 in funding over one round.

Technological Platform and Innovation

Accreditations and Recognitions

Signature Healthcare has received numerous accreditations, including:

Accreditation by the College of American Pathologists (CAP)

Accreditation by the Commission on Cancer (CoC) as a Comprehensive Community Cancer Program

Accreditation Council for Graduate Medical Education (ACGME)

Accredited Breast Center by the National Accreditation Program for Breast Centers

Accredited by the American College of Surgeons

Accredited Facility by the Intersocietal Accreditation Commission in Vascular Testing, Echocardiography, and Nuclear Laboratories

American College of Radiology Accredited Facility in multiple imaging modalities

American Diabetes Association – Certified Diabetes Education Program

Blue Cross Blue Shield Distinction for Bariatric Surgery, Knee & Hip Replacement, and Maternity Care

Designated Lung Cancer Screening Center and Breast Imaging Center of Excellence by the American College of Radiology

Mammography Quality Standards Act and Program Certification

The Joint Commission accreditation

Leadership Team

Robert Haffey: President and Chief Executive Officer

Huan Ngo: Chief Medical Officer

Kim Walsh: Senior Vice President, Patient Services, Chief Nursing Officer

Nicholas Szymanski: Vice President and Chief Information Officer

Kevin Murphy: Chief Financial Officer

Jennifer La Luz: Vice President, Chief Quality Officer

Competitor Profile

Market Insights and Dynamics

The healthcare market in Southeastern Massachusetts is competitive, with several providers offering a range of services. Signature Healthcare distinguishes itself through its integrated care model and community-focused approach.

Competitor Analysis

Key competitors include:

UMass Memorial Health – Harrington: Offers a range of medical services with a focus on community health.

Parrish Healthcare: Provides comprehensive healthcare services with an emphasis on patient-centered care.

St. John's Health: Known for its specialized medical services and community outreach programs.

Beebe Healthcare: Offers a wide array of medical services with a focus on quality and safety.

Covenant Children's Hospital: Specializes in pediatric care with a commitment to family-centered services.

Strategic Collaborations and Partnerships

Beth Israel Deaconess Medical Center (BIDMC)

Signature Healthcare has a clinical affiliation with BIDMC, enhancing access to specialized care, innovative procedures, and research capabilities. This partnership includes comprehensive cancer care services, allowing patients to receive advanced treatments locally.

Boston Medical Center HealthNet Plan

In partnership with Boston Medical Center HealthNet Plan, Signature Healthcare serves approximately 18,530 attributed members, focusing on providing coordinated care to a diverse population with complex medical and social needs.