Bristol Hospital Inc

What it reported doing in 2023

It is an inherent part of the hospital's mission to provide necessary medical care free of charge, or at a discount, to individuals without insurance or other means of paying for such care. As the amounts determined to qualify for charity care are not pursued for collection, they are not reported as net patient service revenues. Patients who would otherwise qualify for charity care but who do not provide adequate information would be characterized as bad debts and included in the provision for bad debts. The cost of charity care provided, determined using an adjusted cost-to-charge ratio, was $9,089,731 and $10,003,081 for the years ended september 30, 2024 and 2023, respectively. In 2020, the hospital updated its financial assistance policy, increasing the threshold for uninsuredpatients to qualify for a discount. The updated policy also considers assets in the determination of theability to pay and eliminates charity care for high deductible insurance plans.the hospital also provides education and wellness programs to the community. These activities typically reach over 3,000 individuals per quarter. These activities include: wellness center- special center for educational outreach programming serving hundreds of individuals per month. - community health screenings - ongoing free and reduced price screenings for mammograms, blood pressure, cholesterol, prostate cancer, skin cancer and a flu clinic providing free flu shots in the fall. - speakers bureau - a community service where the hospital provides speakers on a variety of topics to serve the community's educational needs. - periodic community service projects - the hospital has sponsored two major outreach efforts, one to promote early detection of breast cancer and one targeted to prevent colon cancer. Both programs have increased the community's compliance with the recommended cancer screenings and have been recognized with state, regional and national awards.bristol hospital background: bristol hospital, the flagship of the bristol hospital and health care group, is committed to providing inpatient and outpatient health care services that are progressive, compassionate, coordinated, accessible, affordable, high quality and responsive to community needs. The hospital's central mission is to be the leading health care provider for the people who live and work in the greater bristol area, a role that it has played for many generations since the early 1920s. Bristol hospital serves all people who need care, regardless of their age, gender, sexual orientation, race, religion, national origin, personal limitations, or ability to pay. In addition to being the leading health care provider, bristol hospital is also one of the area's largest employers. The hospital's board of directors is comprised of community and civic leaders, working and retired local business executives, and physicians who guide the overall philosophy and direction of the organization to meet the needs of the local community.bristol hospital vision: bristol hospital and health care group aspires to be recognized as the best community health care provider in Connecticut. Working with our patients, physicians, employees, volunteers and community, bristol hospital and health care group will utilize our core values to achieve the vision which creates a culture of safety, quality and service that is embraced as an individual and team responsibility; ensures a user-friendly continuum modeled on providing patient-centered care and services; continually assesses and promotes new services and technology; and serves as the responsible steward and advocate for the health of our community.bristol hospital pathways community programming: this is comprised of dozens of low cost or free classes and seminars that are offered through its pathways catalog. The catalog also is mailed to households in towns in bristol hospital's primary and secondary service areas. The community programming offered through the pathways includ

Financial Efficiency

• Mission deployment rate: 80.4%; rating input score 80
• Program expense ratio: 84.7%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th 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: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 90.9%; rating input score 91; 40th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4%; rating input score 56; 56th percentile among comparable filings
• Total-asset coverage ratio: 0.63; rating input score 25; 25th percentile among comparable filings
• Liabilities to assets ratio: 1.3; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings

Growth

• Program expense growth: 2% per year; rating input score 100; 17th percentile among comparable filings
• Revenue growth: 1.7% per year; rating input score 100; 14th percentile among comparable filings
• Asset growth: 0.6% per year; rating input score 100; 10th percentile among comparable filings