Memorial Hospital

What it reported doing in 2024

Memorial hospital (d/b/a promedica memorial hospital) is a member of promedica health system, inc. (promedica), a mission-based, locally owned, nonprofit healthcare organization highly focused on achieving core values. Headquartered in toledo, Ohio, promedica serves 28 states across the country and is one of the nation's leading health systems. Our stewardship of resources has enabled us to wisely invest in patient-centered care, advanced technology, innovative programs, and family-oriented facilities that help to ensure patients and area residents have equal access to high-quality, safe care in the most appropriate setting, regardless of patients' ability to pay. A 43-bed hospital in fremont, Ohio, promedica memorial hospital (mh) provides extensive healthcare services such as emergency medicine; surgical services; outpatient physical rehabilitation; heart, vascular and pulmonary care; labor and delivery; mental health services; a wound care clinic, and a full range of laboratory and radiology services. The dorothy l. Kern cancer center on the campus of mh, expands cancer care to patients in the fremont, Ohio, area. The cancer center offers outpatient radiation, chemotherapy, and infusion services as well as complementary services such as genetic testing and counseling, healing care, and survivorship care planning. Mh also is a designated lung cancer screening center by the american college of radiology. Mh earned the stroke gold plus recognition for the american heart association's get with the guidelines program. This recognition shows the hospital holds the most up-to-date treatment guidelines to improve patient care and outcomes. Mh earned an "a" hospital safety grade from the the leapfrog. Mh also was recognized by centers for medicare and medicaid (cms) with a three star rating for outcomes in mortality, safety, readmissions, patient experience, and timely and effective care. In 2024, mh served 1,401 inpatients and 100,270 outpatients. Further, 20,566 individuals sought emergency care at mh. The hospital contributed $14,534,000 in community benefit through community benefit expenditures, and government-sponsored, means-tested health care. Through community health services, community benefit operations, health professions education, subsidized health services, research, and cash and in-kind contributions, mh contributed $1,273,000 to the community during 2024. Included in this figure are programs and events such as: use approved and funded resources from susan g. Komen to provide breast exams and mammograms. Providing care packages and homemade cookies from nutrition services to patients receiving care through hospice, home health, dialysis, mobile meals, the cancer center, and pain clinic as well as several senior housing communities. Collaborations with community-based organizations to provide community members with education about cooking healthy recipes and healthy after school snacks.mh provided a significant amount of financial assistance during 2024, of which $4,377,000 represented uncompensated amounts for treatment to those patients who did not have the financial resources to pay for hospital services. Financial assistance represents the cost to provide service and does not include the costs for accounts written off to bad debt for patients who do not pay their bills. Mh cost of bad debt for 2024 was $4,307,000. This amount is not included in the community benefit amount of $14,534,000 noted above.furthermore, mh provided $2,382,000 of community benefit through costs - not reimbursed by the government - for treating medicaid patients. Mh expended $12,194,000 in net payroll, providing 274 full time jobs in northwest Ohio in 2024. A total of $1,475,000 was withheld from hospital employees in state and local taxes. In summary, mh demonstrates promedica's mission and core values by providing high-quality health care to all patients, regardless of their race, creed, sex, national origin, disability, or age. And we re

Financial Efficiency

• Mission deployment rate: 62.4%; rating input score 62
• Program expense ratio: 75.8%; rating input score 76
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 8th 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: Limited

Accountability

• Independent voting board: 81.8%; rating input score 82; 29th 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: 17.8%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 0.71; rating input score 28; 28th percentile among comparable filings
• Liabilities to assets ratio: 0.61; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 1.1%; rating input score 73; 73rd percentile among comparable filings

Growth

• Program expense growth: 0.9% per year; rating input score 100; 10th percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 13th percentile among comparable filings
• Asset growth: -0.5% per year; rating input score 0; 6th percentile among comparable filings