Maimonides Medical Center, Maimonides Midwood Community Hospital in Top 20% of Hospitals, per Lown Institute study of more than 1,700 nonprofit hospitals Nationwide
Brooklyn, New York – In its annual Fair Share Spending report, the Lown Institute has named Maimonides Heath as a 2024 Top Hospital for Fair Share Spending. Maimonides Medical Center and Maimonides Midwood Community Hospital (MMCH) ranked among the top 20% of hospitals nationwide meeting—or exceeding—its obligations for community investment, underscoring the hospital’s commitment to holistic care and healthcare excellence.
“As the largest healthcare provider in Brooklyn, we have deep connections with the diverse communities we serve,” said Kenneth Gibbs, President and CEO of Maimonides Health. “This ranking demonstrates that when it comes to delivering culturally appropriate, award-winning care to the people who need us the most, our commitment is more than just talk.”
The Lown Institute is an independent healthcare think tank that analyzes nonprofit hospitals’ community investments. The Fair Share Spending report showed that Maimonides Medical Center had a “fair share” surplus, which means it spent $2,137,709 more on financial assistance and community investment than the estimated value of its tax exemption. MMCH’s fair share surplus totals $20,670,995.
“Americans desperately need hospitals to use their billions in tax breaks as intended: to promote health while relieving the problems of medical debt and access to care,” said Vikas Saini, MD, president of the Lown Institute in a press release. “These are charitable organizations, and they should do a better job at prioritizing social responsibility over profitability.”
The Institute calculated “fair share” spending for more than 1,700 nonprofit hospitals, by comparing each system’s spending on financial assistance and community investment to the estimated value of its tax exemption, based on 2020 IRS Form 990. Nonprofit hospitals are exempted from paying most federal, state, and local taxes in exchange for providing free or discounted care and programs that address community health needs, like substance abuse treatment, affordable housing, or access to healthy foods.
“It is no surprise that Maimonides Health has been named a 2024 Top Hospital for Fair Share Spending by the Lown Institute. For communities in southern Brooklyn, Maimonides Health has always offered exceptional service in a culturally appropriate and sensitive manner. From the Heart & Vascular Institute to the Cancer Center, Maimonides provides top quality care with modern technology and compassionate service. I look forward to continuing our great community partnership and supporting Maimonides Health,” said New York State Senator Iwen Chu.
“Maimonides Health has been an unparalleled community partner for longer than most of us have been alive so I’m glad to see formal recognition of these extraordinary community investments,” Council Member Justin Brannan said. “For Maimonides Health, this isn’t about checking a box or giving back because they have to – this is about truly doing the right thing for the neighborhoods they serve beyond the four walls of their hospital facilities. I’m proud to have used my position to support Maimonides in their capacity to serve, and I am grateful for their continued service to over 300,000 patients each year in Brooklyn and beyond.”
About Maimonides Health
Maimonides Health is Brooklyn’s largest healthcare system, serving over 300,000 patients each year through the system’s three hospitals, 1,700 physicians, and more than 80 community-based practices and outpatient centers. The system is anchored by Maimonides Medical Center, one of the nation’s largest independent teaching hospitals and home to centers of excellence in numerous specialties; Maimonides Midwood Community Hospital (formerly New York Community Hospital), a 130-bed adult medical-surgical hospital; and Maimonides Children’s Hospital, Brooklyn’s only children’s hospital, and only pediatric trauma center.
Maimonides’ clinical programs rank among the best in the country for patient outcomes, including its Heart and Vascular Institute, Neurosciences Institute, Bone and Joint Center, and Cancer Center. Maimonides is an affiliate of Northwell Health and a major clinical training site for SUNY Downstate College of Medicine. For additional information, please visit www.maimo.org.