Lake Pointe Operating Company LLC

What it reported doing in 2024

See Schedule OLake Pointe Operating Company, LLC dba Baylor Scott & White Medical Center - Lake Pointe (BSW Lake Pointe) is a faith-based, nonprofit, 164-bed acute care hospital providing exemplary patient care services to the residents of Forney, Greenville, Rockwall, Rowlett, and Wylie, Texas and the surrounding communities since 1987. BSW Lake Pointe began operations as a tax-exempt nonprofit hospital in 2019.BSW Lake Pointe is affiliated with Baylor Scott & White Health (BSWH), a faith-based nationally acclaimed network of acute care hospitals and related health care entities providing quality patient care, medical education, medical research and other community services to the residents of North and Central Texas. As the largest not-for-profit health care system in Texas and one of the largest in the United States, BSWH was born from the 2013 combination of Baylor Health Care System and Scott & White Healthcare. Today, BSWH has over 1,300 patient access points including 53 hospitals, 600+ specialty care clinics, 250+ outpatient clinics, 150+ primary care clinics, 29 pharmacies, 30+ ambulatory surgery centers, 60+ urgent care clinics, and over 7,300 active physicians. The system also includes a state certified health maintenance organization, the Scott and White Health Plan and the Baylor Scott & White Quality Alliance accountable care organization both covering approximately 1,200,000 lives.With more than 500 physicians on staff, BSW Lake Pointe offers a wide range of medical specialties and services, including a Fast-Track Emergency Department, intensive care unit, women's services, Level III obstetric and maternity care, Level II NICU, interventional cardiology, diagnostic imaging, robotic-assisted surgery, orthopedics, vascular surgery, neurosurgery, urology and advanced cardiovascular healthcare.During the fiscal year, BSW Lake Pointe admitted 10,158 patients resulting in 42,794 days of care; delivered 1,987 babies and received 79,261 emergency department visits. Additionally, BSW Lake Pointe provided community benefits (as reported to the Texas Department of State Health Services and in accordance with the State of Texas Statutory methodology) of $40,012,257 and provided community benefits (as reported on the Internal Revenue Service (IRS) Form 990, Schedule H) of $16,057,475 during the tax year. The Texas Annual Statement of Community Benefit Standard includes approximately $22,851,242 of unreimbursed cost of Medicare that is not included in the IRS Form 990, Schedule H.See Schedule H for more information regarding these services and how BSW Lake Pointe promotes the health of the communities.

Financial Efficiency

• Mission deployment rate: 63.4%; rating input score 63
• Program expense ratio: 86.6%; rating input score 87
• 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: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 77.8%; rating input score 78; 26th 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: 28.8%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 2.65; rating input score 72; 72nd percentile among comparable filings
• Liabilities to assets ratio: 0.13; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 9.6% per year; rating input score 100; 73rd percentile among comparable filings
• Revenue growth: 12.4% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 12.9% per year; rating input score 100; 81st percentile among comparable filings