Company Profile
Albany Medical College
Company Overview
Albany Medical Center
Albany Medical Center is a private corporation formed in 1982 which administratively links Albany Medical College and Albany Medical Center Hospital. The Center consolidates planning, financial, fund raising and policy direction for the College and Hospital, assuring that the two institutions pursue appropriately integrated and reinforced missions in health care, education and biomedical research.
The Medical Center is Albany's largest non-governmental employer with approximately 7,000 employees. The Center is at the hub of a health care network that includes 50 hospitals and more than 4,300 physicians in its 25-county service region.
Mission Statement
As an academic health sciences center, Albany Medical Center has a mission of providing excellence in medical education, biomedical research, and patient care. Albany Medical Center has a responsibility to:
Educate medical students, physicians, biomedical students, and other health care professionals from demographically diverse backgrounds in order to meet the future primary and specialty health care needs of the region and nation;
Foster biomedical research that leads to scientific advances and the improvement of the health of the public; and
Provide a broad range of patient services to the people of eastern New York and western New England, including illness-prevention programs, comprehensive care, and the highly complex care associated with academic medical centers.
The mission will be achieved through commitment to the values of Quality, Excellence, Service, Collaboration, Compassion, Integrity, and Fiscal Responsibility.
Company History
The Albany Medical College is one of the nation's oldest private medical schools, prides itself in offering an intimate, collegial environment which fosters humane values and genuine learning. The institution was founded in 1839 with an initial enrollment of 57 students. Despite the many changes and developments which have occurred over the years, the College still maintains a policy of limiting enrollment to a small group of carefully selected students. The College is accredited by the Liaison Committee on Medical Education and the Middle States Commission on Higher Education.
Benefits
Employee Benefits
As a health care organization, we recognize the need to provide our employees with quality benefit plans that provide choice and value. Eligibility for each program is outlined in the employee manual and may be dependent on employment status, schedule of work hours, and other factors.
Benefits include:
Generous Paid Time Off program (including Holiday, Vacation, Personal and Sick time)
Health Insurance (choice of self-insured Point of Service plan or an HMO)
Dental Insurance
Employer paid Group Life and AD&D Insurance
Defined Benefit Pension Plan (non-contributory)
Pre-Tax Spending Programs for Out-of-Pocket Medical and Dependent Care expenses
Employee Assistance Program
New York State Short Term Disability
Worker's Compensation
Business Travel Accident Insurance
Tuition Reimbursement program
Continuing Education Program
Tax-Deferred Annuity program
Pre-Tax Transportation and Parking arrangements
Long Term Care Insurance
Supplemental Life Insurance
Supplemental Short Term Disability
Plus many other employee services, such as:
Exercise Rooms
On-Site Daycare
On-Site Travel Services
Out-Patient Pharmacy Discount
On-Site Credit Union and Bank
On-Site Dry Cleaners
Food Cooperative
Fitness Facility Discounts
Nursing Rooms for Moms
Discounted Cellular Phone Service
On-Site Postal Service Center
Gift Shop
Direct Deposit
Wellness Program
This summary only highlights Albany Medical Center's employee benefit program. The actual terms of the various employee benefit plans are stated in and governed by the formal plan documents. A participant and/or beneficiary, shall not have any right to benefits under the plans that in any way interferes with Albany Medical Center's right to terminate or amend any plan. Albany Medical Center makes no promise to continue plan benefits in the future and rights to future benefits will never vest (except to the extent provided in an Albany Medical Center retirement plan).