Mercy Assisted Care Inc

What it reported doing in 2024

Home health is a core service and has become critically important with helping to keep people in their homes and out of institutions where costs are significantly greater. The home health care staff provided 875 patients with over 18,400 visits by nurses, therapists and nurse aides. Hospice homecare provided 9,514 visits.hospital community benefit report IRS form 990, supplement part iiithe community benefit contribution of mac includes programs and activities that improve access to health care and improve health in our communities.1. Mercy assisted care inc.'s commitment to providing community benefit: a. The mission of mercy assisted care inc. Is ""exceptional health care services with a passion for making lives better." mercy assisted care provides quality medical care regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operation and stability of mercy assisted care, it is recognized that not all individuals possess the ability to purchase essential medical services and further that our mission is to serve the community of janesville and southern Wisconsin with respect to providing healthcare services and healthcare education. Therefore, in keeping its mission, mercy assisted care routinely provides: 1.) free care and/or subsidized care, 2.) care to persons covered by governmental programs that are reimbursed below cost, and 3.) health activities and educational and support programs to the communities it serves in southern Wisconsin and northern Illinois. These activities include wellness programs, community education programs, special programs for the elderly, handicapped, medically underserved, and a variety of broad community support activities. Many of the services of mercy assisted care are focused on keeping the elderly and medically frail in the type of independent setting most appropriate to their medical condition. B. Mercy assisted care considers its target populations to be residents of rock and walworth counties in Wisconsin, as well as parts of mchenry county in Illinois. The system uses multiple strategies to identify needs in these communities. These strategies include one-on-one meetings with local community leaders, formal surveys, participation on community task forces, suggestions from patients, and direct input from its employees. Mercy assisted care has worked with various community organizations to help meet these needs:1) mercy assisted care subsidizes its hospice program (through fundraising/donations from mercyhealth development foundation)- so that this program is available to those in need within the community.2) it provides health screenings and health education seminars at public events and at its own sites throughout the target area.3), mercy assisted care provides training opportunities for nurses, physicians, and other health professionals. C. Financial assistance is provided by mercy assisted care to customers who are unable to pay for all or a portion of their charges and who meet eligibility requirements. Eligibility is based on the following: individual or family income, individual or family assets, family size, and other sources of payment for services. Eligibility for all other categorical AIDS is a prerequisite before qualifying for financial assistance. Patients that qualify will receive a reduction in the balance owed and extended payment terms. The amount of the financial assistance benefit is based on that patient's ability to pay and the size of the outstanding balance. Information is made available at the time of registration, through patient financial counselors, and at the customer service patient accounts areas. Training is provided to personnel as to how to communicate this program's availability to patients and how to direct patient's inquiries. Translation services are available as needed.2. Organizational description for tax exemption- mercy assisted care, inc. Has a governing bo

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 71.1%; rating input score 71
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; 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: 70.1%; rating input score 70; 14th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 14th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 8.7%; rating input score 64; 64th percentile among comparable filings
• Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: 41%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 4.1% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 5.2% per year; rating input score 100; 37th percentile among comparable filings