Parkview Health

What it reported doing in 2024

Parkview health system, inc. Is a not-for-profit, community-based health system serving 22 counties in northeast Indiana and northwest Ohio with a population of more than 1.3 million. Parkview health system, inc. Was incorporated in may 1995 and now supports the following hospitals: parkview hospital, inc.; community hospital of lagrange county, inc.; community hospital of noble county, inc.; dekalb memorial hospital, inc.; huntington memorial hospital, inc.; parkview wabash hospital, inc.; whitley memorial hospital, inc.; park center, inc.; community hospitals and wellness centers; as well as 60 percent ownership in the joint venture of orthopaedic hospital at parkview north, llc.(see schedule o for continuation)the orthopaedic hospital at parkview north, llc is the first specialty hospital in northeast Indiana devoted solely to orthopedic surgery and post-surgery patient care. This 37-bed state-of-the-art facility includes an inpatient unit, an inpatient rehabilitation gym and ortho northeast medical offices. Parkview health system, inc. Offers 50+ clinical specialties, an extensive network of expert providers and access to advanced technologies typically only found at academic medical centers. Examples of specialty services include a verified level ii adult and pediatric trauma center, a heart institute, an orthopedic hospital, women's and children's hospital, outpatient service center, a behavioral health institute and cancer institute. To support the services offered by parkview health system, inc., we employ more than 16,000 full- and part-time co-workers. This includes parkview physicians group which consists of 1,116 providers representing more than 40 specialties in more than 200 locations across northeast Indiana and northwest Ohio. Of the 1,116 providers, 600 are primary and specialty care physicians with the remaining 516 being advanced practice providers. These professionals provide care to residents throughout northeast Indiana and northwest Ohio regardless of their ability to pay for those services. In 2024, 63 physicians and 82 advanced practice providers were recruited, significantly increasing the system's ability to meet local health needs. Parkview health system, inc. Employs four full-time physician recruiters and one full-time sourcing specialist whose time is devoted solely to recruiting physicians and advanced practice providers. All physician recruitment activity is based on a board-approved strategic plan and the oversight of the compliance and audit committee of the board of directors.in supporting the work of parkview health system, inc., the parkview mirro research and innovation center, located on the campus of parkview regional medical center, provides world-class education for parkview co-workers, physicians and medical professionals in cutting-edge medical simulation classrooms and training laboratories modeled after current operating rooms, exam rooms, patient rooms and ambulances. In addition to hospital-related initiatives, the parkview mirro research and innovation center engages in projects related to community health through its health services and informatics research team.the health services and informatics research (hsir) team is comprised of interdisciplinary scientists, project managers and user-experience specialists. This team works on a broad array of projects, including investigator-initiated research, program evaluation, pilot studies, community survey studies and user-experience projects that improve the usability of healthcare technologies. Some examples of their projects and focus areas include youth mental health, innovative practice model evaluation, screening for and addressing social determinants of health and supporting people living with chronic disease. Most of the team's work has resulted in peer-reviewed publications in journals, presentations at top-tier scientific conferences and dissemination of information to the local public health and government officials to in

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 97.8%; rating input score 98
• Fundraising efficiency: $1.01 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 21st 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: Scored; rating input score 0
• Grant itemization coverage: 99.3%; rating input score 99; 40th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 75%; rating input score 75; 24th 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: -3.1%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 2.04; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0.46; rating input score 39; 39th percentile among comparable filings
• Officer compensation ratio: 2.8%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 10.2% per year; rating input score 100; 75th percentile among comparable filings
• Revenue growth: 10.5% per year; rating input score 100; 79th percentile among comparable filings
• Asset growth: 6.2% per year; rating input score 100; 45th percentile among comparable filings