HackensackUMC Hosts 126th Annual Meeting of the Boards

April 16, 2014 04:05 PM
The annual joint meeting of the Hackensack University Health Network and Hackensack University Medical Center was recently held in Jersey City.

Hackensack University Medical Center held its 126thAnnual Joint Meeting of the Boards, together with Hackensack University Health Network, on Thursday, March 27, at the Jersey City Hyatt.

Robert C. Garrett, president and chief executive officer of the Hackensack University Health Network, shared updates from the past year with the audience, which included board members, trustees, executive leaders, elected officials, donors, physicians and staff. Garrett also made several announcements, which will impact the future of healthcare at the Hackensack University Health Network, HackensackUMC, as well as New Jersey.

The first highlight of the afternoon was when Garrett announced that Larry Inserra Jr., chairman, HackensackUMC Board of Governors and his family have donated $5 million to HackensackUMC.  “Larry’s donation will allow us to continue our mission in providing great quality care, research and innovation,” said Garrett.

Garrett went on to recognize the award-winning team of doctors who practice at Hackensack, and recognized the achievements of healthcare team members in different departments, including Research and Information Technology.

In discussing the future of healthcare, Garrett made the announcement of a new partnership between the Hackensack University Health Network and CityMD, a company that owns urgent care centers throughout the metropolitan area. “CityMD has demonstrated coordinated care that is monitored from beginning to the end of treatment,” said Garrett. “This partnership will allow us to replicate this comprehensive model across our region,” he added. Garrett also announced that Hackensack University Health Network and Palisades Medical Center passed a new resolution that strengthens the relationship between the two organizations.

                Reflecting back on 2013, Garrett spoke about the completion of a major phase in the multi-phase renovation and expansion of the Emergency and Trauma Center, including the increased 20,000 square feet, the 29 new private patient rooms and the specialized cardiac, oncology and pediatric areas. Garrett also recognized that HackensackUMC continued as an industry leader, still ranked as the number one hospital in all of New Jersey and in the top three in the New York Metro Area by U.S. News & World Report

HackensackUMC’s nurses also continue as leaders, Garrett told the audience. The team became just one of two in the country to receive Magnet designation by the American Nurses Credentialing Center, marking HackensackUMC’s 20thyear as a Magnet hospital.

In speaking about Hackensack University Health Network, Garrett said the network made history in 2013 by entering into an alliance with six other health systems, forming AllSpire Health Partners. AllSpire represents 28 hospitals and serves more than six million people, “… making AllSpire the largest healthcare consortium of its kind in the entire nation,” he said.  The excitement of the re-opening of Pascack Valley Hospital as HackensackUMC at Pascack Valley in June of 2013 was also revisited at the meeting.

Another 2013 highlight Garrett spoke of was the opening of HackensackUMC Fitness & Wellness: Powered by the Giants.  “We’ve coupled preventive wellness services, such as behavioral health, diabetes care and physical therapy, with some of the most advanced fitness equipment and training programs available anywhere,” Garrett said.

Prior to Garrett’s remarks, Joseph Simunovich, chairman, Hackensack University Health Network Board of Trustees; Ulises E. Diaz, chairman of the HackensackUMC Foundation Board of Trustees; and Lawrence Inserra Jr., chairman, Hackensack Board of Governors; gave their respective reports.

Frank DeCongelio, chairman of the HackensackUMC Finance and Investment Committees, delivered the Treasurer’s Report; noting that 2013 was HackensackUMC’s most successful year to date. HackensackUMC achieved an operating income, including the employee incentive, of $37 million and investment gains of $35 million, bringing the total net income to $72 million. The Hackensack University Health Network ended 2013 with more than $508 million in cash and investments and a net equity of $675 million.  This is approximately a $200 million increase in net assets and the single largest growth in HackensackUMC’s history.

Three outgoing board members were recognized, including: Michael Geary, Jill Nuckel and Anthony Taccetta Jr. Dr. Pranaychandra Vaidya was honored for his service as chairman of the HackensackUMC Medical Executive Committee before he presented his report.

When the meeting adjourned, the audience was invited to a reception in the Manhattan Ballroom with stunning views of Manhattan’s skyline.

Photo Caption: 

The annual joint meeting of the Hackensack University Health Network and Hackensack University Medical Center was recently held in Jersey City.

Pictured from left to right:  Ulises E. Diaz, chairman, HackensackUMC Foundation Board of Trustees; Joseph Simunovich, chairman, Hackensack University Health Network Board of Trustees;   Robert C. Garrett, president and chief executive officer, Hackensack University Health Network; Lawrence Inserra Jr., chairman, Hackensack University Medical Center Board of Governors; and Frank J. Vuono, chairman, Hackensack University Medical Center Advisory Board of Directors.

About Hackensack University Medical Center

HackensackUMC, a nonprofit teaching and research hospital located in Bergen County, NJ, is the largest provider of inpatient and outpatient services in the state. Founded in 1888 as the county’s first hospital, it is the flagship hospital of Hackensack University Health Network, one of the largest health networks in the state comprised of 1,140 beds, nearly 10,000 employees and 2,200 credentialed physicians.HackensackUMC was listed as the number one hospital in New Jersey and one of the top three New York metro area hospitals in the U.S. News & World Report’s Best Hospital rankings for 2013-14. It also received 10 national rankings in: Cancer; Cardiology & Heart Surgery; Ear, Nose & Throat; Gastroenterology & GI Surgery; Geriatrics; Neurology & Neurosurgery; Orthopedics; Pulmonology; Urology; and the Joseph M. Sanzari Children’s Hospital ranked as one of the Top 50 Best Children’s Hospitals for Neurology and Neurosurgery in the 2013-14 Best Children’s Hospitals list. The children’s hospital is housed with the Donna A. Sanzari Women’s Hospital in the Sarkis and Siran Gabrellian Women’s and Children’s Pavilion, which was designed with The Deirdre Imus Environmental Center using the highest “green building” standards, and was included on the Green Guide’s list of Top 10 Green Hospitals in the U.S. HackensackUMC is among Healthgrades® America’s Best 100 Hospitals in five different areas – more than any other hospital in the state, is one of Healthgrades America's 50 Best Hospitals™ for eight years in a row, and received the Healthgrades Distinguished Hospital Award for Clinical Excellence™ 12 years in a row. The medical center has also been named a Leapfrog Top Hospital, and received 23 Gold Seals of Approval™ by the Joint Commission – more than any other hospital in the country. It was the first hospital in New Jersey and second in the nation to become a Magnet® recognized hospital for nursing excellence; receiving its fifth consecutive designation in 2014. HackensackUMC is the Hometown Hospital of the New York Giants and the New York Red Bulls, and remains committed to its community through fundraising and community events. To learn more, visit: www.HackensackUMC.org.




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