Baptist Memorial Hospital

What it reported doing in 2023

Baptist memorial hospital provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Patients of every race, creed, and socioeconomic group come to baptist memorial hospital from many states and countries with illnesses that are often very serious. Although reimbursement for services rendered is critical to the operation and stability of baptist memorial hospital, it is recognized that not all individuals possess the ability to purchase essential medical services, and further, that our 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 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, and programs for the elderly, handicapped, medically underserved, and a variety of broad community support activities.baptist memorial hospital includes three memphis area hospitals: baptist memorial hospital-memphis, baptist memorial hospital-collierville, and baptist memorial hospital for women. The combined locations of baptist memorial hospital serviced 37,759 patient discharges and provided more than 276,537 outpatient services during the fiscal year ended september 30, 2024. Emphasis is now on outpatient services. Baptist memorial hospital provides many outpatient services, which will continue to cut hospital costs and stays. Most patients prefer to recuperate at home, and with the outpatient services provided at baptist memorial hospital, patients now have that option.during the fiscal year ended september 30, 2024, baptist memorial hospital program services produced the following results:- the surgery department performed 40,817 procedures at a cost of $114,458,076.- the pharmacy department dispensed 5,578,014 unit doses of medication at a cost of $60,753,129.- the radiology department performed 456,917 procedures at a cost of $48,251,367.- the cardiovascular services department performed 20,958 procedures at a cost of $37,307,878.- the pathology department performed 2,423,872 procedures at a cost of $38,302,872.charity care is provided through inpatient, outpatient, and community-based programs. Inpatient services are provided to patients who are medically indigent residents of Arkansas, Mississippi, Tennessee, and other states. Baptist memorial hospital also maintains a clinic to serve this population on an outpatient basis. Staff physicians at baptist memorial hospital, as well as physicians in the medical residency programs, give countless hours of their time treating patients who cannot pay. The amount of charity care provided that was unreimbursed was $255,191,682. The unreimbursed amount of charity and contractual allowances for all patients was $3,880,903,351.baptist memorial hospital-memphisthe baptist heart institute, located within baptist memorial hospital-memphis, is dedicated to providing leading-edge cardiovascular research and treatment for heart patients. The heart institute, which measures 165,000 square feet, includes areas for cardiovascular procedures, cardiovascular surgical suites, heart catheterization labs, cardiovascular intensive care beds, a cardiac intervention unit, cardiac medicine units, a pre/post cath lab unit, electrophysiology labs, a heart transplant unit, and a cardiovascular step-down unit. Funding from the ford-goltman cardiac research endowment supports the advancement of cardiac research at baptist heart institute.baptist memorial hospital-memphis is the first hospital in the mid-south to:- have image guided radiation therapy (igrt).- have a genetic counseling program.- perform coronary artery bypass surgery.- perfor

Financial Efficiency

• Mission deployment rate: 92.7%; rating input score 93
• Program expense ratio: 94.7%; rating input score 95
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th 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: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 33.3%; rating input score 33; 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: 2.1%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 0.61; rating input score 24; 24th percentile among comparable filings
• Liabilities to assets ratio: 0.65; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 0.5%; rating input score 83; 83rd percentile among comparable filings

Growth

• Program expense growth: 3.5% per year; rating input score 100; 29th percentile among comparable filings
• Revenue growth: 2.4% per year; rating input score 100; 19th percentile among comparable filings
• Asset growth: -0.6% per year; rating input score 0; 7th percentile among comparable filings