Baptist Health

What it reported doing in 2024

Guided by a volunteer board of directors comprised of business and civic leaders, baptist medical center of the beaches, inc. (bmcb) is a not-for-profit organization owned by the community, and not shareholders. Local governance means we are uniquely structured to understand, respond, and anticipate community needs. It ensures our accountability to the communities we serve. Over the years, the generous support of donors has helped transform bmcb into a state-of-the-art medical center in the heart of the beaches community. Not every great medical center can say it is a community hospital. Bmcb has been this area's community-driven hospital since 1961. We are not only physically in the center of the beaches and intracoastal communities; we are committed to the health and overall vibrancy of this extraordinary community. Bmcb provides jacksonville's thriving beach communities with a comprehensive range of high-tech health care services close to home. Bmcb's campus includes the franklin heart center for diagnostic and rehabilitative services, baptist beaches surgery center, wilson cancer care center, and physician office buildings. Bmcb is a full-service medical center with (1) 146 licensed private patient rooms, including 16 spacious maternity suites, (2) more than 450 physicians, representing 30-plus medical specialties, (3) 10 state-of-the-art operating suites and 3 endoscopy suites for inpatient and outpatient procedures, (4) family-centered visiting areas with outdoor patios, kitchens and a health resource library, (5) the only 24-hour emergency service east of the intracoastal waterway, plus a 24-hour on-call surgical team, and (6) comprehensive diagnostic testing and interventional imaging services, and has earned magnet recognition for excellence in patient care. During fiscal year 2025, there were 1,014 employees, 11,078 total admissions accounting for 35,222 total patient days, 31,080 emergency room visits, and 5,520 surgeries. Bmcb is committed to improving the lives of everyone, regardless of their ability to pay. Bmcb is one hospital within baptist health system, inc. And the region's only community-owned, faith-based healthcare system. Bmcb's primary focus is addressing unmet health needs particularly among vulnerable populations who have limited health resources and access to health care. Bmcb's community health efforts are guided by the community health committee, which is comprised of selected board members across our health system. A cornerstone of bmcb's commitment to the community is caring for the health of vulnerable, uninsured and underserved people among us. During fiscal year 2025, bmcb provided the following uncompensated care and community benefit; (1) charity care -$5.9 million, (2) unreimbursed medicaid costs - $874 thousand, (3) unreimbursed medicare costs - $23 million, and (4) specific community programs - $719 thousand, for a total of $30.9 million of uncompensated care and community benefits.

Financial Efficiency

• Mission deployment rate: 69.8%; rating input score 70
• Program expense ratio: 85.6%; rating input score 86
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 8th 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: 97%; rating input score 97; 31st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 81.8%; rating input score 82; 29th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 19.9%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 1.69; rating input score 57; 57th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 1.4%; rating input score 67; 67th percentile among comparable filings

Growth

• Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
• Revenue growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
• Asset growth: 5.7% per year; rating input score 100; 41st percentile among comparable filings