Mayo Clinic Health System

What it reported doing in 2014

Patient care (see schedule o)mayo clinic health system-oakridge, 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 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. Mayo clinic health system-oakridge, inc. 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, a nursing home and a residential care apartment complex, operates primarily for the residents of osseo and surrounding communities.mayo clinic health system-oakridge'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, mayo clinic health system-oakridge provides quality healthcare close to home with direct access to highly specialized care if the need arises.mayo clinic health system-oakridge operates on a nondiscriminatory basis, regardless of race, color, sex, religion or national origin.the hospital is licensed for 18 acute care beds and plays a vital role in the health and well being of the community by offering services such as 24-hour emergency care, clinic appointments, urgent care, pt/ot/speech/respiratory therapy, ventilation care, cardiac and pulmonary rehabilitative treatments and advanced diagnostic technology. In 2014, the facility opened a new clinic which added patient exam rooms and work spaces designed to provide patient centered care. Also in 2014, the facility added gastroenterology services to better serve the patient community. The hospital had 338 admissions in 2014 including adults and swing bed admissions. There were 1,515 emergency room visits in 2014, along with 80,454 laboratory procedures, 20,481 therapy and rehabilitative services and 8,068 imaging procedures performed. In 2014 there were 26,489 professional encounters recorded.mayo clinic health system-oakridge's ambulance service is a hospital based service with 3 ambulances and provides emergency response to the entire surrounding community. There were 653 ambulance calls in 2014. Emts are on call 24 hours per day, 7 days per week.the nursing home has 21 medicare/medicaid licensed beds and each resident receives personalized medical, social and spiritual care. The focus is on preserving the lifestyle of each resident with 24-hour nursing care, social se

Financial Efficiency

• Mission deployment rate: 80.3%; rating input score 80
• Program expense ratio: 94.6%; rating input score 95
• Fundraising efficiency: $2,473.04 raised per $1 spent on fundraising; rating input score 99; 99th 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: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 42.9%; rating input score 43; 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: 15.1%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 0.93; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0.24; rating input score 62; 62nd percentile among comparable filings
• Officer compensation ratio: 6.7%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 1.5% per year; rating input score 100; 35th percentile among comparable filings
• Revenue growth: 7.4% per year; rating input score 100; 69th percentile among comparable filings
• Asset growth: 18.2% per year; rating input score 100; 89th percentile among comparable filings