Baptist Memorial Hospital- Jonesboro Inc

What it reported doing in 2023

Baptist memorial hospital-jonesboro, inc. Provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Although reimbursement for services rendered is critical to the operation and stability of baptist memorial hospital-jonesboro, inc., it is recognized that not all individuals possess the ability to purchase essential medical services, and further, that the mission is to serve the community with respect to providing health care services and health care education. Therefore, in keeping with its commitment to serve all members of its community, baptist memorial hospital-jonesboro, inc. Provides the following: - free care and/or subsidized care where the need and/or an individual's inability to pay coexist,- care provided to persons covered by governmental programs at below cost, and- health activities and programs to support the community.these activities include wellness programs, community education programs, special programs for the elderly, handicapped, medically underserved, and a variety of broad community support activities.during the fiscal year ended september 30, 2024, baptist memorial hospital-jonesboro, inc. Provided services for more than 11,822 inpatients and more than 140,795 outpatients.baptist memorial hospital-jonesboro, inc. Provides care to persons covered by governmental programs from which the hospital receives payment at less than market value reimbursement. Recognizing its mission to the community, services are provided to medicare, medicaid and uninsured patients. To the extent reimbursement is below cost, baptist memorial hospital-jonesboro, inc. Recognizes these amounts as charity care in meeting its mission to the entire community. During the fiscal year ended september 30, 2024, the unreimbursed value of providing care to these patients was $858,031,227.charity care is also provided through many reduced-price services and free programs offered throughout the year based upon activities and services that baptist memorial hospital-jonesboro, inc. Believes will serve a bona fide community health need.the largest program services provided the following for the period ended september 30, 2024:- the surgery department performed 8,215 procedures at a cost of $25,278,055.- the cardiac services department had 6,373 workload units at a cost of $9,792,855.- the pharmacy department dispensed medications at a cost of $11,244,101.- the radiology department performed 175,715 tests at a cost of $12,024,574.- the lab department performed 607,607 procedures at a cost of $9,176,244.- the cancer center provided services at a cost of $31,488,788.baptist memorial hospital-jonesboro, inc. Has provided a number of services in the community. This includes many volunteer hours from employees, some of these are listed below: various community programs:- american red cross- asu job fair- relay for life- duck classic hunting/dinner- march of dimes- northeast Arkansas clinic charitable foundation, inc. Sharehope walk of remembrancehealth promotion/education/prevention:- asu business expo- chamber of commerce lunch and learn- wso spring conference baptist memorial hospital-jonesboro, inc. Also contributed to numerous other helpful organizations and activities through direct financial support, including:- american cancer society- american heart association- jonesboro chamber of commerce- jonesboro church health center- jonesboro unlimited- the learning center- march of dimes- northeast Arkansas clinic charitable foundation, inc.- phi mu alumni fashion show- sharehope walk- jonesboro city wide thanksgiving mealcommunity support from baptist memorial hospital-jonesboro, inc. Included free community health fairs, screenings, patient education classes, cash contributions and sponsorships, and health and wellness projects.

Financial Efficiency

• Mission deployment rate: 83.1%; rating input score 83
• Program expense ratio: 89.1%; rating input score 89
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 68.3%; rating input score 68; 14th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 26.7%; rating input score 27; 10th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.8%; rating input score 66; 66th percentile among comparable filings
• Total-asset coverage ratio: 1.07; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 1.19; rating input score 4; 4th percentile among comparable filings
• Officer compensation ratio: 1.2%; rating input score 70; 70th percentile among comparable filings

Growth

• Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
• Revenue growth: 8.2% per year; rating input score 100; 69th percentile among comparable filings
• Asset growth: 3.7% per year; rating input score 100; 26th percentile among comparable filings