MaineHealth

What it reported doing in 2023

Patient CareMaineHealth Services (MaineHealth's parent) is the largest healthcare system in Maine, providing a full range of integrated healthcare services to patients in Maine and New Hampshire. MaineHealth provides healthcare services in a wide range of community-based settings and includes nine hospitals with 1,330 licensed beds, 136 ambulatory sites, 8 emergency room facilities, approximately 1,400 employed physicians, and other ancillary services. (Continued on Schedule O)(Continued from page 2 of 990, Line 4a) MaineHealth operates the following hospitals: Maine Medical Center, Southern Maine Health Care, Penobscot Bay Medical Center, Waldo County General Hospital, LincolnHealth, Franklin Memorial Hospital, Spring Harbor Hospital, Stephens Memorial Hospital, and Mid Coast Hospital. These health system resources offer expertise in multiple disciplines including emergency medicine, surgery, radiology, oncology, behavioral health, and level one trauma. Summary operating metrics for MaineHealth from fiscal year 2024 are included in the table below: Category CountHospital I/P Discharges 57,717 Hospital I/P Days 355,557 Swing Bed Days 3,979 Total Surgeries 65,943 ED Visits 244,416 The following is a summary of MaineHealth Services by hospital division: Maine Medical Center Maine Medical Center is Maine's largest referral hospital, offering various services not available elsewhere in Maine. It serves as a community hospital for Greater Portland with a present-day complex of more than one million square feet. Maine Medical Center provides a wide range of medical and surgical care, intensive and coronary care, as well as obstetrical and pediatric services. In addition, Maine Medical Center has a number of specialty services, including: The Barbara Bush Children's Hospital at Maine Medical Center (BBCH); the Cancer Institute; the Cardiovascular Institute; Emergency Medicine; the Family Birth Center; the Joint Replacement Center; the MaineHealth Institute for Research (MHIR); and the Neuroscience Institute. Maine Medical Center (including BBCH) has 750 licensed beds. Maine Medical Center is a teaching hospital affiliated with Tufts University School of Medicine. BBCH, which operates as a department of Maine Medical Center, is Maine's only full-service children's hospital facility, offering family-centered services including specialized medical and surgical treatment of complex illnesses and injuries. BBCH uses state-of-the-art technology to provide advanced specialty services and personalized care to children that is responsive to their unique needs. On June 1, 2024, Southern Maine Health Care was combined under Maine Medical Center's hospital license and the two facilities became one hospital operating as MaineHealth Maine Medical Center.Southern Maine Health Care Southern Maine Health Care, the fifth largest healthcare entity in Maine with 179 licensed beds, offers a comprehensive array of medical care and services, including: emergency departments in Biddeford and Sanford, Maine; a multi-specialty physician services group providing comprehensive primary and specialty services; non-emergency walk-in care; centers for breast care, sleep disorders as well as wound and ostomy care; behavioral health and a wide range of diagnostic and rehabilitation services. Southern Maine Health Care has approximately 27 physician practices located in Biddeford, Kennebunk, Saco and Sanford. On June 1, 2024, Southern Maine Health Care was combined under Maine Medical Center's hospital license and the two facilities became one hospital operating as MaineHealth Maine Medical Center.Penobscot Bay Medical Center Penobscot Bay Medical Center, with 99 licensed beds, provides the people of Mid Coast Maine with a continuum of both routine and specialty patient-centered medical services. Hospital services include an emergency department, obstetrics and infant care, cardiac care, cancer care, behavioral health, and a wide array of medical and specialty service

Financial Efficiency

• Mission deployment rate: 79.9%; rating input score 80
• Program expense ratio: 83.4%; rating input score 83
• Fundraising efficiency: $16.87 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 99.8%; rating input score 100; 45th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100
• Public monitoring controls: Limited
• Public policy transparency: Limited
• Public financial transparency: Limited
• Impact reporting controls: Limited
• Public relationship transparency: Limited

Accountability

• Independent voting board: 60.9%; rating input score 61; 17th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
• Public governance controls: Limited
• Zakat policy transparency: Limited

Sustainability

• Operating margin: 3.5%; rating input score 54; 54th percentile among comparable filings
• Operating reserve ratio: 1.05; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 46; 46th percentile among comparable filings
• Officer compensation ratio: 0.4%; rating input score 85; 85th percentile among comparable filings

Growth

• Program expense growth: 15.5% per year; rating input score 100; 87th percentile among comparable filings
• Revenue growth: 12.6% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 11.4% per year; rating input score 100; 76th percentile among comparable filings