Baptist Memorial Hospital-booneville Inc

What it reported doing in 2024

Baptist memorial hospital-booneville, 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-booneville, inc., 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-booneville, 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.baptist memorial hospital-booneville, inc. Serviced 880 inpatients and provided 24,660 outpatient services during the fiscal year ended september 30, 2025.baptist memorial hospital-booneville, 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-booneville, inc. Recognizes these amounts as charity care in meeting its mission to the entire community. During the year ended september 30, 2025, the unreimbursed value of providing care to these patients was $73,791,370. 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-booneville, inc. Believes will serve a bona fide community health need.the largest program services provided the following for the period ended september 30, 2025: - the geriatric psychiatry department had 5,666 patient days at a cost of $3,677,380.- the radiology department performed 19,518 tests at a cost of $1,701,805.- the pharmacy department dispensed medication at a cost of $1,064,481.- the pathology department performed 65,053 procedures at a cost of $1,708,096.- the cardiology/r.t. Services department had 11,594 tests at a cost of $707,259.- we performed 1,237 surgeries at a cost of $2,245,406.community relations activitiesbaptist memorial hospital-booneville, inc. Has provided a number of services in the community:- reduced-price mammograms through hope grant- reduced pricing for heartscore cardiac calcium screenings for national heart month- speakers for various community groups with various health-related subjects- free drive through flu vaccinations- community cpr- booneville fall festivaldonations and direct financial support to the community:- prentiss county development association- united way- northeast Mississippi community college- sealant day sponsor for Mississippi oral healthcare association- community advisory council- booneville & prentiss county main street association- wtva spring and fall senior day (sponsor)- bereavement program through local funeral homes (sponsor)volunteerismbaptist memorial hospital-booneville, inc. Recognizes that its people are its most valuable asset. To share this asset with the community at large, all personnel are encouraged to get involved by volunteering. Below is a partial list of organizations and activities baptist memorial hospital-booneville, inc. Supported through its volunteer efforts:- rotary club- kiwanis club

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 91%; rating input score 91
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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: -20.1%; rating input score 5; 5th percentile among comparable filings
• Total-asset coverage ratio: 0.36; rating input score 10; 10th percentile among comparable filings
• Liabilities to assets ratio: 2.72; rating input score 1; 1st percentile among comparable filings
• Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings
• Revenue growth: -0.3% per year; rating input score 0; 8th percentile among comparable filings
• Asset growth: 1.6% per year; rating input score 100; 16th percentile among comparable filings