Mayo Clinic Health System

What it reported doing in 2014

Patient care (schedule o)mayo clinic health system-chippewa valley, inc. (mchs-chippewa valley) is a member of the mayo clinic health system. Mayo clinic health system is a family of clinics, hospitals and health care facilities serving communities in Minnesota, Iowa, Wisconsin and Georgia. As part of mayo clinic, the health system offers care designed for the whole body close to the patient's home, when they need it. A multidisciplinary team of experts has ready access to knowledge, resources, and expertise of mayo clinic and collaborates on providing exactly the care the patient needs. Mayo clinic health system sites employ approximately 1,000 physicians and 15,000 allied health staff. In addition, mayo clinic physicians from multiple specialties regularly see patients at health system facilities. Besides having health care facilities in nearly 70 communities, mayo clinic health system includes 19 owned hospitals, five owned nursing homes, physician service agreements with one additional hospital, and contract management agreements with two additional hospitals and one nursing home. Since its inception in 1992, mayo clinic health system has grown into one of the most successful regional health care systems in the united states. More than 600,000 unique patients account for more than 2.6 million visits annually in mayo clinic health system. It is also a national leader in quality and safety efforts. Mchs-chippewa valley is a Wisconsin nonprofit corporation, tax exempt as an organization described in section 501(c)(3) of the internal revenue code. The corporation, which includes a hospital, clinics and a nursing home, operates primarily for the residents of bloomer, Wisconsin and surrounding communities.mchs-chippewa valley's mission statement states that the organization's aim is to inspire hope and contribute to health and well-being by providing the best care to every patient through integrated clinical practice, education and research. Our vision is to achieve the highest standards for medical care and health improvement in the communities in which we live and work. Our first priority is to meet patient needs guided by the core values of integrity, continuous improvement, service, teamwork, innovation, balance and financial integrity. As a member of mayo clinic health system, mchs-chippewa valley provides quality healthcare close to home with direct access to highly specialized care if the need arises. Mchs-chippewa valley operates on a nondiscriminatory basis, regardless of race, color, sex, religion or national origin.the hospital plays a vital role in the health and well being of the community by offering services such as 24-hour emergency care, same day surgery, pt/ot/rt/speech therapy, pulmonary rehabilitative services, cardiac rehabilitative treatments and advanced diagnostic technology.the hospital had 429 admissions in 2014 including adult inpatient and swing bed admissions. There were 1,911 emergency room visits in 2014, along with 119,078 laboratory procedures, 13,151 therapy and rehabilitative services, 450 outpatient surgeries and 11,790 imaging procedures performed. Mchs-chippewa valley is licensed for 25 acute and 35 long-term care beds. In 2014, mchs-chippewa valley discharged more than 420 patients. Each resident of the nursing home receives personalized medical, social and spiritual care. The focus is on preserving the lifestyle of each resident with 24-hour nursing care, social services, activity therapy, dietary services, chaplain services and rehabilitation therapy. There were 10,366 days of service in the nursing home during 2014.financial assistance is available to patients financially unable to pay for services provided. The cost of financial assistance provided in 2014 was approximately $453,000.mchs-chippewa valley also provides care to persons covered by governmental programs. Services are provided to both medicare and medicaid patients at substantial discounts from standard fees.mchs-chippewa val

Financial Efficiency

• Mission deployment rate: 88.8%; rating input score 89
• Program expense ratio: 89.4%; rating input score 89
• Fundraising efficiency: $25.14 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 9th 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: 32.2%; rating input score 32; 10th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 45.5%; rating input score 45; 8th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.3%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 0.84; rating input score 38; 38th percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 4.7%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: -5.5% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: 3.7% per year; rating input score 100; 47th percentile among comparable filings
• Asset growth: 6.6% per year; rating input score 100; 60th percentile among comparable filings