Mercy Memorial Hospital Corporation

What it reported doing in 2024

Mercy memorial hospital corporation (d/b/a promedica monroe regional 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 17 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 238-bed facility located in monroe, Michigan, promedica monroe regional hospital (mrh) provides a broad range of inpatient and outpatient services - such as emergency medicine; surgical services; behavioral health care; comprehensive women's health services, cardiovascular services; an accredited sleep medicine center; and orthopaedic services. An extensive outpatient cancer center is part of the promedica cancer institute and provides radiation and medical oncology services while the hospital's cancer connection offers non-treatment services and support to monroe county residents receiving cancer treatments. Striving to improve patient care and clinical excellence, mrh is nationally accredited by the joint commission, the american college of cardiology, and the american college of radiology. Mrh has the american stroke association's heart-check mark for primary stroke certification. Mrh is recognized by the american heart association gold plus get with the guidelines stroke quality achievement award for its commitment to ensuring stroke patients receive the most appropriate treatment according to nationally recognized, research-based guidelines. Mrh is accredited by the joint commission for medication compounding and a primary stroke center. Mrh served 24,343 inpatients and 168,072 outpatients in 2024. Further, 37,085 individuals sought emergency care at mrh. The hospital contributed $42,478,000 in community benefit through community benefit expenditures , financial assistance and government-sponsored, means-tested health care.through community health services, health professions education, subsidized health services, research activities, cash and in-kind contributions, and other community benefit operations, mrh contributed $6,575,000 to the community during 2024 . Included in this amount are activities and programs such as: continuing the teen peers educating peers (pep) program with monroe public schools to empower youth in preventing bullying and address behavioral health needs of youth. Continue its partnership with the united way of monroe & lenawee county's health check events providing improved access to low and no cost health screenings. Implementing a partnership with the monroe county opportunity program to provide lifestyle medicine and nutrition education at the opportunity center. Free mammogram clinics that provide breast cancer screenings for individuals between the ages of 40 - 64 who have no insurance or insurance with a high deductible for mammograms. Free and low-cost health screenings for underserved community members continued collaborations with the building healthy communities coalition to conduct the county's health assessment and develop a community health improvement plan. Community partnerships with gabby's grief center and river raisin national battlefield park visitor's center.mrh provided a significant amount of financial assistance to the community during 2024, of which $7,018,000 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. Mrh's cost of bad debt for

Financial Efficiency

• Mission deployment rate: 68.5%; rating input score 69
• Program expense ratio: 79%; rating input score 79
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th 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: 77.8%; rating input score 78; 26th 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: 12.2%; rating input score 77; 77th percentile among comparable filings
• Total-asset coverage ratio: 0.45; rating input score 16; 16th percentile among comparable filings
• Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: 0.5%; rating input score 84; 84th percentile among comparable filings

Growth

• Program expense growth: -0.2% per year; rating input score 0; 7th percentile among comparable filings
• Revenue growth: -0.6% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: -1.6% per year; rating input score 0; 5th percentile among comparable filings