Baptist Memorial Health Care Corporation

What it reported doing in 2024

Baptist memorial health care corporation is the sole member of a number of hospitals and physician practices in west Tennessee, north and central Mississippi, and east Arkansas. In addition, baptist memorial health care corporation supplies management, consulting, and support services to those entities through its corporate staff. Management services are provided to these related organizations which provide quality health care regardless of race, creed, sex, national origin, handicap, or age. The support includes legal, financial, quality, and personnel services.by providing these services on a centralized and coordinated basis, the affiliated organizations are run efficiently and effectively, the quality of service is higher and more cost effective, and the data generated is more meaningful. These efficiencies greatly contribute to the exempt purpose of the related organizations, allowing them to accomplish their charitable purposes, and better utilize their resources where they are needed most, providing better care for the community.in july 2012, baptist memorial health care corporation signed a contract with epic, a software vendor based out of verona, Wisconsin, paving the way for baptist memorial health care corporation's transition to a new electronic health record (ehr). The project involved all baptist-affiliated hospitals along with its clinics and financial systems. All 13,000-plus baptist employees and more than 3,000 affiliated physicians were affected by the project.baptist memorial health care corporation chose epic after conducting a great deal of research and involving colleagues in numerous demonstrations, which more than 2,500 attended. Baptist memorial health care corporation took colleagues' feedback into deep consideration before making a decision. Baptist memorial health care corporation colleagues played a role in branding the epic-powered software as "baptist onecare"."baptist onecare creates a single patient record that both caregivers and patients are able to access. The ehr aims to maximize efficiency by reducing the need for duplicate tests and patients having to give the same information to multiple caregivers. Patient privacy is protected the same way it is with a written record.the biggest convenience for patients within the system is called mychart, a free application accessible via smartphone or computer that allows patients to schedule appointments, refill prescriptions, direct message their care providers with the option of including photos, access lab results, and much more.baptist memorial health care corporation and vanderbilt university medical center began an academic affiliation in october 2012. This academic affiliation provides for new clinical research and academic education opportunities that are designed to enhance cancer programs.the affiliation establishes a framework for collaborative oncology initiatives between baptist cancer center and vanderbilt-ingram cancer center. Baptist cancer center patients have increased access to vanderbilt-ingram cancer center clinical research trials and genetic diagnostic tools. Many of these services are available in local communities throughout baptist's 24 hospitals in west Tennessee, north and central Mississippi, and east Arkansas.baptist memorial health care corporation emphasizes customer service. Customer service is a key part of baptist memorial health care corporation's culture. Called "service first", baptist memorial health care corporation and its affiliated entities throughout the mid-south are finding better ways to serve our customers and exceed their expectations.baptist memorial health care corporation's commitment to care beyond the walls of the hospitals is sincere and long standing. Our giving is focused on two primary areas, health care delivery and preventive services and education. We are dedicated to building a healthy community by anticipating and responding to our communities' health needs, improving the well-being of

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 96.6%; rating input score 97
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 73.3%; rating input score 73; 15th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 93.8%; rating input score 94; 44th 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: -7.1%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 4.38; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.42; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 8.1%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 5.3% per year; rating input score 100; 43rd percentile among comparable filings
• Revenue growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
• Asset growth: 7.8% per year; rating input score 100; 57th percentile among comparable filings