Ochsner Clinic Foundation

What it reported doing in 2024

Division of academics: since 1944, academics has been an integral component of the mission, visions and strategy of the ochsner organization. The division of academics, encompassing both medical education and research, adds emphasis, intellectual capital, and focus to ochsner's mission to lead, educate, and innovate, with the primary focus of providing the highest quality care and service to the ochsner communities and patients. Our medical education mission is to educate and train a health professional workforce that is prepared to provide safe and efficient care in an evolving healthcare delivery system along with our research mission to enhance, foster, and promote translational, clinical and health services research of the highest quality to improve the clinical care of our patients. The academic areas are operating divisions of ocf. Residency training programs. Ocf operates one of the nation's largest independent academic medical centers and trains over 360 residents and fellows annually in 35 independent ocf-sponsored accredited residency training programs. In addition, ochsner is a joint sponsor with the Louisiana state university health science center ("lsuhsc",) psychiatry program, and is a joint sponsor with tulane university school of medicine ("tulane") for pediatrics and otolaryngology programs. The joint programs include approximately 87 residents. In addition, approximately another 740 residents and fellows rotate to ocf in various disciplines of medicine and surgery under affiliation agreements with lsuhsc and tulane as well as other schools from across the country and around the world. Ochsner also supports lsuhsc residency training programs at ochsner medical center - kenner where approximately 55 residents in family practice and internal medicine, and approximately 90 residents in medicine and surgical specialties training programs complete clinical rotations annually.university of queensland, ochsner clinical school. In the fall of 2008, ochsner entered into a partnership with the university of queensland school of medicine in brisbane, australia to develop the university of queensland, ochsner clinical school ("ocs".) the university of queensland ochsner clinical school is fully accredited by the australian medical council and at full student compliment, this program graduates approximately 100 medical students each year. The students graduate with a doctor of medicine (md) degree. As of january 2024, there were 352 students enrolled in the university of queensland, ocs program. In 2024, the ocs residency match rate was 99%. In addition to the university of queensland, ocs program, ochsner continues to provide over 268 student-months of clinical education to over 233 medical students from tulane and the lsuhsc and other medical school programs from across the region, country and around the world.the ochsner department of continuing medical education (cme) has been accredited by the accreditation council for continuing medical education (accme) since 1976. Approximately 160 cme educational activities are held annually through regularly scheduled series, internet courses, and live activities providing more than 23,000 practicing physicians with over 39,000 cme credits. Ocf also collaborates with over 20 joint providers to issue cme credit for educational activities sponsored through the joint provider. These educational activities include national societies, regional hospitals, and specialty groups. Nursing/allied health/advanced practice affiliations. Ocf has formal affiliations with over 200 institutions of higher learning. Ocf, through nursing, allied health, and advanced practice affiliations, enables students enrolled in over 275 college and university programs throughout the united states to complete formal clinical training degree requirements. Through these affiliations, ochsner provides clinical training and mentoring to over 6,000 students. In addition to these affiliations, ochsner is partnered wi

Financial Efficiency

• Mission deployment rate: 75.9%; rating input score 76
• Program expense ratio: 80.5%; rating input score 81
• Fundraising efficiency: $12.32 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 91.2%; rating input score 91; 23rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 56%; rating input score 56; 15th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5.4%; rating input score 58; 58th percentile among comparable filings
• Total-asset coverage ratio: 1.16; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 0.52; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 1%; rating input score 73; 73rd percentile among comparable filings

Growth

• Program expense growth: -3.6% per year; rating input score 0; 3rd percentile among comparable filings
• Revenue growth: 0.2% per year; rating input score 100; 6th percentile among comparable filings
• Asset growth: 12.7% per year; rating input score 100; 80th percentile among comparable filings