Special Surgery Hospitals: Non-Profit Or For-Profit?

is hospital for special surgery non profit

The Hospital for Special Surgery (HSS), founded in 1863, is a non-profit academic medical centre and research institution based in New York City. HSS is the oldest orthopedic hospital in the United States and has consistently ranked as the world's top hospital in orthopaedics. The hospital specialises in orthopaedic and rheumatologic treatments and is recognised for its excellence in patient care. HSS has a variety of funding sources, including charitable donations and bequests, which support its mission to provide exceptional clinical care and advance research in the field of musculoskeletal medicine.

Characteristics Values
Type of organization Nonprofit organization
Year of incorporation 1863
Location 535 East 70th Street, New York, NY 10021
Specialization Orthopedic and rheumatologic conditions
Number of surgical procedures More than 30,000 annually
National ranking in orthopedics No. 1 for 15 consecutive years
National ranking in rheumatology No. 3
Recognition Magnet Recognition for nursing excellence
Donor benefits Tax savings, charitable deductions

shunhospital

The Hospital for Special Surgery is a non-profit organisation

The Hospital for Special Surgery (HSS) is a non-profit organisation. It was founded in 1863 by Dr. James Knight, a general practising physician, and Robert M. Hartley, the secretary of the Association for Improving the Condition of the Poor. Knight became the hospital's first Resident Physician and Surgeon.

HSS is the oldest and top-ranked orthopedic hospital in the United States. It is headquartered in New York City and has locations in New York, New Jersey, Connecticut, and Florida. The hospital's main campus is located at 535 East 70th Street in Manhattan, where it moved in 1955.

As a non-profit, HSS relies on charitable donations to support its mission. It is recognised for its excellence in patient care and nursing service, and has consistently ranked highly in orthopaedics and rheumatology. HSS has received Magnet Recognition for nursing excellence multiple times and ranked No. 1 in orthopaedics nationally for 15 consecutive years.

HSS is also known for its research capabilities, with basic lab research, applied research, and clinical research contributing to its advancements in patient care. The hospital has a long history of innovation, having established the Fracture Service at New York Hospital and the International Society of Orthopaedic Centers. HSS also actively collaborates with other institutions, such as the Santa Fe de Bogotá Foundation and the Global Coalition for Value in Healthcare.

Donors can support HSS through various methods, including unrestricted and restricted gifts, donor-advised funds, endowed gifts, and charitable bequests. These contributions are essential to advancing the hospital's mission and supporting its patients.

shunhospital

It is the oldest orthopedic hospital in the US

The Hospital for Special Surgery (HSS) is a non-profit organisation, as evidenced by its filing of Form 990, the primary tax return for a non-profit's activities, finances and governance. HSS has a long and distinguished history in the field of orthopaedic medicine. Founded in 1863 as the Hospital for the Ruptured and Crippled, HSS was established to provide medical care to injured Civil War soldiers and underprivileged city residents. Over its 146-year history, HSS has been led by 11 surgeons-in-chief and has grown to include 85 full-time orthopedic surgeons.

The hospital's early focus was on designing and constructing braces for children with congenital deformities. However, over time, HSS's mission evolved to encompass the comprehensive treatment and rehabilitation of the musculoskeletal system for patients both locally and internationally. This expanded scope led to groundbreaking advancements in orthopedic medicine, with HSS pioneers making significant contributions to the field.

One notable figure in HSS's history is Virgil P. Gibney, MD, who served as the second surgeon-in-chief from 1887 to 1927. During his tenure, Gibney played a pivotal role in shaping the hospital's trajectory. Another influential leader was Wilson, Jr., who, in the 1970s, reorganised the orthopedic department into subspecialties and anatomic regions. This forward-thinking approach set a precedent for subspecialisation that influenced orthopedic practices nationwide.

Today, HSS continues to excel in orthopaedic care and research. It is nationally ranked in two adult specialties and one pediatric specialty. The hospital's commitment to innovation is evident through its active research programmes in tendon and ligament repair, soft tissue healing, osteolysis, spine health, sports medicine, cartilage repair, and osteoarthritis, among other areas. HSS's dedication to advancing musculoskeletal medicine has earned it a reputation as a leader in orthopaedic care and a cornerstone of medical history in the United States.

shunhospital

It is ranked first in orthopaedics and third in rheumatology

The Hospital for Special Surgery (HSS) is a non-profit organisation, as evidenced by its IRS filings. It has been ranked first in orthopaedics and third in rheumatology in the US for 2024-2025 by US News and World Report. HSS has maintained its top ranking in orthopaedics for 15 consecutive years and has been named the best paediatric orthopaedic hospital in New York, New Jersey, and Connecticut.

HSS is the world's leading academic medical centre focused on musculoskeletal health. It was founded in 1863 and has since become a world leader in orthopaedics and rheumatology. HSS has the lowest readmission rates in the US for orthopaedics, as well as some of the lowest infection and complication rates. The hospital was also the first in New York State to receive Magnet Recognition for Excellence in Nursing Service from the American Nurses Credentialing Center five consecutive times.

US News and World Report evaluated nearly 5,000 hospitals in 15 specialties for its 2024-2025 rankings. The evaluation was based on various measures, including patient outcomes, level of nursing care, patient-reported experience, and available technology, such as computer-assisted orthopedic surgery. HSS outperformed in back surgery and spinal fusion, hip fracture, hip replacement, and knee replacement.

HSS's ranking in orthopaedics and rheumatology reflects its dedication to providing highly specialised, patient-centred care. The hospital's clinicians work closely with researchers to enhance the understanding of rheumatic diseases and develop innovative treatments to benefit patients worldwide. HSS's top rankings make it a trusted and reputable centre of excellence for musculoskeletal conditions and complex surgeries.

shunhospital

The hospital has a research focus

The Hospital for Special Surgery (HSS) is a non-profit academic medical centre and research institution based in New York City. It was founded in 1863 by Dr James Knight as a philanthropic effort to provide medical care to injured Civil War soldiers and needy city residents. HSS is the oldest and top-ranked orthopedic hospital in the United States, and is also ranked highly worldwide.

HSS has a strong research focus, with basic lab research, applied research, and clinical research all being conducted at the hospital. The hospital added the Alfred H. Caspary Research Building to its facilities in 1956, and the Margaret Caspary Research Building opened in 1960, increasing the hospital's capacity. HSS also collaborates with other institutions on research initiatives, such as their collaboration with the Santa Fe de Bogotá Foundation to build its orthopedics department.

HSS's research and clinical care are supported by donations, and the hospital provides several ways for donors to give to the institution. These include charitable bequests, donor-advised funds, endowed gifts, and unrestricted and restricted gifts. HSS also accepts donations of stock, which can provide tax benefits to donors.

The hospital's research initiatives are focused on advancing patient care and improving lives. HSS's areas of expertise include joint replacement, orthopedic trauma, hand and upper extremity surgery, limb lengthening, osseointegration, foot and ankle surgery, pediatric orthopedics, spine surgery, sports medicine, physiatry, rheumatology, and physical therapy.

shunhospital

Donations to the hospital are tax-deductible

The Hospital for Special Surgery (HSS) is a non-profit organisation. HSS is the oldest orthopedic hospital in the United States and is consistently ranked as the world's top orthopedic hospital. HSS has been recognised for its excellence in patient care and is ranked No.1 in orthopaedics and No.3 in rheumatology by Newsweek and US News and World Report.

As a non-profit organisation, donations to the hospital are tax-deductible. HSS provides a range of options for donors to make charitable gifts, including:

  • Donating stock: Donors can avoid paying capital gains tax and receive a charitable deduction for the full market value of the stock.
  • Donor advised fund: An account managed by a non-profit organisation, where donors can contribute and grow their funds tax-free. While donors cannot direct the gifts, they can recommend how much and how often they want to distribute money from the fund to HSS or other charities.
  • Charitable bequest: A sentence or two in a will or living trust that leaves a specific item, an amount of money, or a percentage of the estate to HSS.
  • Charitable remainder trust: Donors can fund this trust with cash or appreciated assets and may qualify for a federal income tax charitable deduction. The trust provides income each year for life or a period not exceeding 20 years, and the remaining principal goes to HSS as a lump sum.

HSS also provides the opportunity for donors to make additional gifts, each of which qualifies for a tax deduction. These include unrestricted and restricted gifts, where donors can choose to support the organisation's overall mission or specific purposes. HSS is committed to working with donors to ensure their charitable arrangements meet their needs and is transparent about how donations will be used effectively.

Frequently asked questions

Yes, Hospital for Special Surgery (HSS) is a non-profit organisation.

You can donate to HSS by giving stocks, cash, or appreciated assets. You can also set up a donor-advised fund, which is an account managed by a non-profit organisation.

Donating to HSS can help advance exceptional care, generate groundbreaking discoveries, and develop tomorrow’s leaders in musculoskeletal medicine. HSS also offers its donors tax benefits, such as avoiding capital gains tax and receiving charitable deductions.

HSS is an academic medical centre and research institution that specialises in the treatment of orthopedic and rheumatologic conditions. It is ranked first in orthopaedics worldwide and third in rheumatology.

HSS is headquartered in New York City, with its main campus located at 535 East 70th Street in Manhattan. The hospital also has locations in New York, New Jersey, Connecticut, and Florida.

Written by
Reviewed by
Share this post
Print
Did this article help you?

Leave a comment