Mayo Clinic Health System-franciscan Healthcare Inc

What it reported doing in 2015

See schedule omayo clinic health system-franciscan healthcare, inc. 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 more than 60 communities, mayo clinic health system includes 19 owned hospitals, two 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.mayo clinic health system-franciscan healthcare, inc. Was originally organized in 1982, with its primary purpose being to provide coordination, planning, development, resource allocation and other administrative and support services to various subsidiaries and affiliates within the regional health care delivery system. In prior years, the majority of these services have shifted to being provided by mayo clinic health system-franciscan medical center, inc., however, the reporting organization's board still maintains an oversight function over the entities in the region.

Financial Efficiency

• Mission deployment rate: 0.1%; rating input score 0
• Program expense ratio: 0.1%; rating input score 0
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 40%; rating input score 40; 9th 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: -7.3%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 21.01; rating input score 97; 97th percentile among comparable filings
• Liabilities to assets ratio: 2.39; rating input score 2; 2nd percentile among comparable filings
• Officer compensation ratio: 108.6%; rating input score 0; 0th percentile among comparable filings

Growth

• Program expense growth: -43% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: -33.6% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -19.2% per year; rating input score 0; 4th percentile among comparable filings