Fairview Range

What it reported doing in 2024

Range Regional Medical Center maintains and operates a hospital to provide medical and surgical care to the sick, infirm, aged, or injured. Patients are connected to the most comprehensive health care network in northeastern Minnesota through Range Regional Medical Center in Hibbing, Minnesota. The 175 bed facility offers more than 60 medical services, including ear, nose and throat care; surgery; urology; occupational therapy; cardiac rehabilitation; radiation therapy; a sleep center; sports medicine; obstetrics-gynecology and emergency care. Range Regional serves the patient regardless of the person's ability to pay. During the calendar year, the system provided $2,651,876 of charity care, $3,081,765 of discounts to the uninsured and absorbed $36,921,856 of unpaid Medicare and Medicaid costs. The system also paid $2,076,600 in payments for Minnesota Care Tax and Medicaid Surcharges, which were used to fund care for the indigent and underinsured. Range Regional Health Services is part of Fairview Health Services. Fairview Health Services is an integrated academic health system located in Minneapolis, Minnesota, and, along with its affiliates and subsidiaries, is one of the leading health care providers in Minnesota with $8 billion in operating revenue for 2024. Fairview offers a broad continuum of health care services through its hospitals, clinics, and other health care related operations and is a Minnesota nonprofit corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code. The most recent community health needs assessment (CHNA) identified 3 key areas as the greatest needs in our community - navigating and accessing care and resources; healing, connectedness, and mental health; structural racism and barriers to equity. Fairview Health Services is meeting the needs of the community by focusing on racial and ethnic populations experiencing health disparities and people experiencing poverty through partnering with the community to build solutions, removing barriers to create and expand relevant programs and focused services. Please see Schedule H for a description of additional services, community benefit activities, and the full spectrum of charity care that Fairview Health Services provides to the community. Fairview serves the entire twelve-county Minneapolis/St. Paul Metro Area, as well as communities throughout greater Minnesota and portions of Northern Iowa and Western Wisconsin, and the Dakotas. It is one of the most comprehensive and geographically accessible systems in Minnesota. The Fairview System consists of ten hospitals, including M Health Fairview University of Minnesota Medical Center and M Health Fairview Masonic Children's Hospital (collectively, "UMMC"), which is the adult and pediatric teaching hospital of the University of Minnesota. UMMC along with seven of Fairview's other hospitals in the Metro Area. Fairview also has two hospitals located in northern Minnesota. Fairview operates over 80 primary and specialty care clinics, 37 retail and specialty pharmacies, pharmacy benefit management services, rehabilitation centers, a physician network, senior care housing and long- term care facilities, medical transportation and has ownership interest in six ambulatory care centers. Fairview, through its integrated care model, aims to deliver the benefits of academic medicine to more patients and families by expanding care, research, and education by offering access to a greater pool of physicians and patients, while seeking to reduce the total cost of care for patients. Fairview Health Services is an integrated academic health system located in Minneapolis, Minnesota, and, along with its affiliates and subsidiaries, is one of the leading health care providers in Minnesota with $8 billion in operating revenue for 2024. Fairview offers a broad continuum of health care services through its hospitals, clinics, and other health care related operations and is a Minneso

Financial Efficiency

• Mission deployment rate: 93.2%; rating input score 93
• Program expense ratio: 83.9%; rating input score 84
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th 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: 46.2%; rating input score 46; 12th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -9.6%; rating input score 8; 8th percentile among comparable filings
• Total-asset coverage ratio: 0.64; rating input score 25; 25th percentile among comparable filings
• Liabilities to assets ratio: 0.51; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 3.8%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 4.8% per year; rating input score 100; 39th percentile among comparable filings
• Revenue growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
• Asset growth: 3.2% per year; rating input score 100; 22nd percentile among comparable filings